Kent S. Ellert Sells 16,206 Shares of FCB Financial Holdings Inc (FCB) Stock

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 16,206 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $50.48, for a total value of $818,078.88. Following the sale, the chief executive officer now owns 156,375 shares of the company’s stock, valued at $7,893,810. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

FCB Financial Holdings Inc (NYSE FCB) opened at $51.60 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. FCB Financial Holdings Inc has a fifty-two week low of $39.90 and a fifty-two week high of $54.10. The company has a market capitalization of $2,250.00, a price-to-earnings ratio of 18.75, a PEG ratio of 1.26 and a beta of 1.36.

FCB Financial (NYSE:FCB) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. The company had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $87.16 million. During the same quarter in the previous year, the firm earned $0.60 EPS. research analysts expect that FCB Financial Holdings Inc will post 2.84 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. raised its holdings 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 worth $426,000 after buying an additional 142 shares in the last quarter. HighTower Advisors LLC raised its holdings 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 worth $1,294,000 after buying an additional 227 shares in the last quarter. Campbell Newman Asset Management Inc. raised its holdings 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 worth $440,000 after buying an additional 426 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings 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 worth $148,000 after buying an additional 504 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings 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 worth $194,000 after buying an additional 609 shares in the last quarter. 93.72% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on FCB. Royal Bank of Canada reiterated a “buy” rating and set a $54.00 target price on shares of FCB Financial in a research report on Wednesday, October 25th. Zacks Investment Research upgraded FCB Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 target price on shares of FCB Financial in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded FCB Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. FCB Financial has an average rating of “Hold” and a consensus target price of $53.40.

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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.

Insider Buying and Selling by Quarter for FCB Financial (NYSE:FCB)

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