FCB Financial Holdings Inc (FCB) CEO Sells $684,208.00 in Stock

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 13,120 shares of FCB Financial stock in a transaction on Monday, January 8th. The stock was sold at an average price of $52.15, for a total transaction of $684,208.00. Following the transaction, the chief executive officer now directly owns 263,136 shares of the company’s stock, valued at $13,722,542.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FCB Financial Holdings Inc (NYSE FCB) traded up $1.15 during trading hours on Tuesday, hitting $53.15. The stock had a trading volume of 176,600 shares, compared to its average volume of 208,167. 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 P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 0.94.

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

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of FCB Financial by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock worth $147,518,000 after purchasing an additional 262,969 shares during the last quarter. BlackRock Inc. lifted its position in shares of FCB Financial by 6.8% during the second quarter. BlackRock Inc. now owns 2,405,513 shares of the bank’s stock worth $114,862,000 after purchasing an additional 153,627 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FCB Financial by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,457,037 shares of the bank’s stock worth $70,374,000 after purchasing an additional 173,511 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of FCB Financial by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,228,478 shares of the bank’s stock worth $58,968,000 after purchasing an additional 6,191 shares during the last quarter. Finally, Boston Partners lifted its position in shares of FCB Financial by 3.3% during the third quarter. Boston Partners now owns 850,100 shares of the bank’s stock worth $41,059,000 after purchasing an additional 26,987 shares during the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

Several research firms have commented on FCB. Royal Bank of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of FCB Financial in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of FCB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. FCB Financial currently has an average rating of “Hold” and an average target price of $54.60.

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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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