Vincent Tese Sells 219,554 Shares of FCB Financial Holdings, Inc. (FCB) Stock

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.

COPYRIGHT VIOLATION WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/12/07/vincent-tese-sells-219554-shares-of-fcb-financial-holdings-inc-fcb-stock.html.

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.

Insider Buying and Selling by Quarter for FCB Financial (NYSE:FCB)

Receive News & Ratings for FCB Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply