FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $54.14, for a total transaction of $270,700.00. Following the completion of the transaction, the insider now owns 12,104 shares in the company, valued at approximately $655,310.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of FCB Financial Holdings Inc (NYSE FCB) remained flat at $$55.50 during midday trading on Friday. The company had a trading volume of 263,300 shares, compared to its average volume of 247,183. The stock has a market cap of $2,430.00, a P/E ratio of 18.81, a P/E/G ratio of 0.90 and a beta of 1.35. FCB Financial Holdings Inc has a 1 year low of $39.90 and a 1 year high of $56.55. 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 issued its earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $84.21 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.60 earnings per share. analysts expect that FCB Financial Holdings Inc will post 2.82 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of FCB Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $56.00.
A number of institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in FCB Financial by 4.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,184 shares of the bank’s stock valued at $9,357,000 after purchasing an additional 8,452 shares during the period. Janney Capital Management LLC lifted its position in FCB Financial by 39.0% during the third quarter. Janney Capital Management LLC now owns 8,904 shares of the bank’s stock valued at $430,000 after purchasing an additional 2,498 shares during the period. Valeo Financial Advisors LLC bought a new position in FCB Financial during the third quarter valued at approximately $146,000. Grandeur Peak Global Advisors LLC bought a new position in FCB Financial during the third quarter valued at approximately $693,000. Finally, M&R Capital Management Inc. lifted its position in FCB Financial by 150.9% during the third quarter. M&R Capital Management Inc. now owns 8,780 shares of the bank’s stock valued at $424,000 after purchasing an additional 5,280 shares during the period. Institutional investors own 93.98% of the company’s stock.
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.
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