FCB Financial Holdings, Inc. (FCB) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. lifted its holdings in FCB Financial Holdings, Inc. (NYSE:FCB) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,937 shares of the bank’s stock after buying an additional 142 shares during the period. Suntrust Banks Inc.’s holdings in FCB Financial Holdings were worth $426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of FCB Financial Holdings by 23.6% in the 1st quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock worth $168,000 after buying an additional 649 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of FCB Financial Holdings by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock worth $2,406,000 after buying an additional 1,278 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of FCB Financial Holdings by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock worth $140,048,000 after buying an additional 101,061 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of FCB Financial Holdings by 33.1% in the 2nd quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock worth $30,346,000 after buying an additional 158,130 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of FCB Financial Holdings by 1.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,660 shares of the bank’s stock worth $1,420,000 after buying an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 94.00% of the company’s stock.

In other FCB Financial Holdings news, insider Stuart I. Oran sold 11,142 shares of FCB Financial Holdings stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $48.90, for a total value of $544,843.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan S. Bernikow sold 44,130 shares of FCB Financial Holdings stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $49.00, for a total transaction of $2,162,370.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 939,790 shares of company stock valued at $43,358,114. 15.40% of the stock is currently owned by insiders.

A number of brokerages have recently weighed in on FCB. Zacks Investment Research upgraded FCB Financial Holdings from a “sell” rating to a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of FCB Financial Holdings in a research note on Tuesday, October 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $54.00 target price on shares of FCB Financial Holdings in a research note on Friday, September 8th. ValuEngine downgraded FCB Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded FCB Financial Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.40.

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FCB Financial Holdings, Inc. (FCB) opened at 48.25 on Thursday. The stock has a market cap of $2.09 billion, a P/E ratio of 16.82 and a beta of 1.34. The company has a 50-day moving average price of $45.33 and a 200 day moving average price of $46.66. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33.

FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The business had revenue of $83.00 million during the quarter, compared to the consensus estimate of $83.47 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. Equities analysts expect that FCB Financial Holdings, Inc. will post $2.76 earnings per share for the current fiscal year.

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)

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