FCB Financial Holdings, Inc. (FCB) Shares Bought by M&R Capital Management Inc.

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/10/11/fcb-financial-holdings-inc-fcb-shares-bought-by-mr-capital-management-inc.html.

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.

Institutional Ownership by Quarter for FCB Financial Holdings (NYSE:FCB)

What are top analysts saying about FCB Financial Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FCB Financial Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit