FCB Financial Holdings, Inc. (NYSE:FCB) Chairman Vincent Tese sold 219,554 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $52.85, for a total value of $11,603,428.90. Following the sale, the chairman now owns 393,818 shares in the company, valued at approximately $20,813,281.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Vincent Tese also recently made the following trade(s):
- On Thursday, September 28th, Vincent Tese sold 5,441 shares of FCB Financial stock. The shares were sold at an average price of $47.82, for a total value of $260,188.62.
- On Wednesday, September 27th, Vincent Tese sold 20,174 shares of FCB Financial stock. The shares were sold at an average price of $47.59, for a total value of $960,080.66.
FCB Financial Holdings, Inc. (FCB) opened at $51.15 on Thursday. FCB Financial Holdings, Inc. has a 12 month low of $39.90 and a 12 month high of $54.10. The stock has a market capitalization of $2,307.81, a PE ratio of 19.41, a PEG ratio of 1.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.
FCB Financial (NYSE:FCB) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. The firm had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $87.16 million. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. During the same period last year, the firm earned $0.60 earnings per share. sell-side analysts anticipate that FCB Financial Holdings, Inc. will post 2.84 EPS for the current fiscal year.
FCB has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of FCB Financial in a research note on Wednesday, October 25th. ValuEngine cut FCB Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised FCB Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price objective on shares of FCB Financial in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.40.
Several hedge funds and other institutional investors have recently bought and sold shares of FCB. Tower Research Capital LLC TRC bought a new stake in shares of FCB Financial in the second quarter worth about $109,000. Valeo Financial Advisors LLC bought a new stake in shares of FCB Financial in the third quarter worth about $146,000. Ameritas Investment Partners Inc. grew its stake in shares of FCB Financial by 19.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after purchasing an additional 504 shares during the last quarter. M&R Capital Management Inc. grew its stake in shares of FCB Financial by 600.0% in the second quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of FCB Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after purchasing an additional 609 shares during the last quarter. 94.08% of the stock is currently owned by institutional investors.
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About FCB Financial
FCB Financial Holdings, Inc is a bank holding company with a national bank subsidiary, Florida Community Bank, National Association (the Bank). The Company operates in the Community Banking segment. Through the Bank, the Company provides a range of retail and commercial banking services. As of December 31, 2016, the Company provided a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through 46 branches in south and central Florida.
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