FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 16,610 shares of FCB Financial stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.38, for a total transaction of $853,421.80. Following the completion of the transaction, the chief executive officer now owns 146,064 shares in the company, valued at approximately $7,504,768.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of FCB Financial Holdings Inc (NYSE FCB) opened at $49.10 on Friday. The stock has a market cap of $2,226.64, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.36. FCB Financial Holdings Inc has a twelve month low of $39.90 and a twelve month high of $54.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93.
FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $84.21 million for the quarter, compared to analyst estimates of $87.16 million. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. During the same quarter last year, the firm earned $0.60 EPS. equities analysts expect that FCB Financial Holdings Inc will post 2.84 earnings per share for the current year.
A number of brokerages have issued reports on FCB. Royal Bank of Canada reissued a “buy” rating and issued a $54.00 price target on shares of FCB Financial in a report on Wednesday, October 25th. ValuEngine lowered shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of FCB Financial in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $53.40.
A number of institutional investors have recently made changes to their positions in FCB. Suntrust Banks Inc. boosted its stake in shares of FCB Financial by 1.6% during the 2nd quarter. Suntrust Banks Inc. now owns 8,937 shares of the bank’s stock valued at $426,000 after purchasing an additional 142 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of FCB Financial by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 27,280 shares of the bank’s stock valued at $1,294,000 after purchasing an additional 227 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its stake in shares of FCB Financial by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 9,211 shares of the bank’s stock valued at $440,000 after purchasing an additional 426 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of FCB Financial by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after purchasing an additional 504 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of FCB Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after purchasing an additional 609 shares in the last quarter. 93.98% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “FCB Financial Holdings Inc (FCB) CEO Sells $853,421.80 in Stock” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/12/15/fcb-financial-holdings-inc-fcb-ceo-sells-853421-80-in-stock.html.
FCB Financial Company Profile
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.
Receive News & Ratings for FCB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FCB Financial and related companies with MarketBeat.com's FREE daily email newsletter.