FCB Financial Holdings Inc (FCB) Stake Decreased by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its holdings in FCB Financial Holdings Inc (NYSE:FCB) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,000 shares of the bank’s stock after selling 12,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in FCB Financial were worth $8,128,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FCB. Schwab Charles Investment Management Inc. boosted its position in shares of FCB Financial by 8.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 166,261 shares of the bank’s stock worth $7,939,000 after purchasing an additional 12,672 shares in the last quarter. Legal & General Group Plc raised its stake in FCB Financial by 12.8% in the 2nd quarter. Legal & General Group Plc now owns 13,837 shares of the bank’s stock worth $660,000 after acquiring an additional 1,570 shares during the last quarter. Swiss National Bank raised its stake in FCB Financial by 14.0% in the 2nd quarter. Swiss National Bank now owns 65,300 shares of the bank’s stock worth $3,118,000 after acquiring an additional 8,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in FCB Financial by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 246,281 shares of the bank’s stock worth $11,760,000 after acquiring an additional 16,767 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in FCB Financial by 34.2% in the 2nd quarter. Nationwide Fund Advisors now owns 51,230 shares of the bank’s stock worth $2,446,000 after acquiring an additional 13,057 shares during the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on FCB. Zacks Investment Research upgraded FCB Financial from a “hold” rating to a “strong-buy” rating and set a $62.00 target price for the company in a research note on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $54.00 target price on shares of FCB Financial in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of FCB Financial in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $56.00.

In other FCB Financial news, Chairman Vincent Tese sold 219,554 shares of FCB Financial stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $52.85, for a total transaction of $11,603,428.90. Following the completion of the transaction, the chairman now owns 393,818 shares in the company, valued at approximately $20,813,281.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Les J. Lieberman sold 7,407 shares of FCB Financial stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $51.74, for a total value of $383,238.18. Following the transaction, the insider now owns 305,605 shares of the company’s stock, valued at approximately $15,812,002.70. The disclosure for this sale can be found here. Insiders have sold a total of 778,993 shares of company stock valued at $40,530,204 in the last quarter. Company insiders own 15.40% of the company’s stock.

FCB Financial Holdings Inc (NYSE FCB) opened at $56.30 on Wednesday. The stock has a market capitalization of $2,519.35, a price-to-earnings ratio of 19.02, a P/E/G ratio of 0.92 and a beta of 1.35. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93. FCB Financial Holdings Inc has a 52 week low of $39.90 and a 52 week high of $56.65.

FCB Financial (NYSE:FCB) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. FCB Financial had a return on equity of 11.42% and a net margin of 34.09%. During the same period last year, the business posted $0.62 earnings per share. analysts forecast that FCB Financial Holdings Inc will post 2.82 earnings per share for the current fiscal year.

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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.

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

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