M&R Capital Management Inc. boosted its position in FCB Financial Holdings, Inc. (NYSE:FCB) by 600.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the bank’s stock after buying an additional 3,000 shares during the quarter. M&R Capital Management Inc.’s holdings in FCB Financial Holdings were worth $152,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in FCB. Swiss National Bank increased its holdings in FCB Financial Holdings by 2.5% in the first quarter. Swiss National Bank now owns 57,300 shares of the bank’s stock valued at $2,839,000 after buying an additional 1,400 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in FCB Financial Holdings by 57.5% in the first quarter. UBS Asset Management Americas Inc. now owns 20,322 shares of the bank’s stock valued at $1,007,000 after buying an additional 7,418 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in FCB Financial Holdings by 1.0% in the first quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock valued at $1,420,000 after buying an additional 285 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in FCB Financial Holdings in the first quarter valued at about $128,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in FCB Financial Holdings in the first quarter valued at about $296,000. 94.00% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Paul A. Novelly sold 1,813 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $43.98, for a total value of $79,735.74. Following the completion of the sale, the director now owns 2,000 shares of the company’s stock, valued at $87,960. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Les J. Lieberman sold 60,388 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.19, for a total transaction of $2,849,709.72. Following the completion of the sale, the insider now directly owns 400,995 shares of the company’s stock, valued at approximately $18,922,954.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 939,790 shares of company stock valued at $43,358,114. Company insiders own 15.40% of the company’s stock.
Shares of FCB Financial Holdings, Inc. (FCB) traded down 0.51% during trading on Wednesday, hitting $48.70. The stock had a trading volume of 23,794 shares. FCB Financial Holdings, Inc. has a one year low of $35.55 and a one year high of $50.33. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 17.03 and a beta of 1.34. The stock’s 50-day moving average price is $45.19 and its 200 day moving average price is $46.65.
FCB Financial Holdings (NYSE:FCB) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $83.00 million during the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. On average, equities analysts forecast that FCB Financial Holdings, Inc. will post $2.76 EPS for the current year.
Several equities analysts have recently commented on FCB shares. BidaskClub lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. ValuEngine raised FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised FCB Financial Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Royal Bank Of Canada started coverage on FCB Financial Holdings in a report on Monday, July 17th. They set an “outperform” rating and a $56.00 target price for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 target price on shares of FCB Financial Holdings in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.40.
FCB Financial Holdings 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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