FCB Financial Holdings, Inc. (FCB) Director Alan S. Bernikow Sells 44,130 Shares of Stock

FCB Financial Holdings, Inc. (NYSE:FCB) Director Alan S. Bernikow sold 44,130 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $49.00, for a total value of $2,162,370.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of FCB Financial Holdings, Inc. (NYSE:FCB) opened at 48.95 on Wednesday. The firm has a market cap of $2.12 billion, a P/E ratio of 17.06 and a beta of 1.34. FCB Financial Holdings, Inc. has a one year low of $35.55 and a one year high of $50.33. The firm’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 announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $83.00 million during the quarter, compared to the consensus estimate of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. Analysts predict that FCB Financial Holdings, Inc. will post $2.76 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of FCB. BlackRock Inc. lifted its position in shares of FCB Financial Holdings by 11,599.9% during the 1st quarter. BlackRock Inc. now owns 2,251,886 shares of the bank’s stock valued at $111,582,000 after buying an additional 2,232,639 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of FCB Financial Holdings by 66.6% during the 1st quarter. Wellington Management Group LLP now owns 1,606,383 shares of the bank’s stock valued at $79,596,000 after buying an additional 641,937 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of FCB Financial Holdings during the 2nd quarter valued at $17,499,000. TimesSquare Capital Management LLC lifted its position in shares of FCB Financial Holdings by 217.4% during the 2nd quarter. TimesSquare Capital Management LLC now owns 532,600 shares of the bank’s stock valued at $25,432,000 after buying an additional 364,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of FCB Financial Holdings by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,089,371 shares of the bank’s stock valued at $147,518,000 after buying an additional 262,969 shares during the last quarter. 94.00% of the stock is currently owned by hedge funds and other institutional investors.

FCB has been the subject of several recent analyst reports. BidaskClub downgraded FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price target on shares of FCB Financial Holdings in a report on Tuesday, October 3rd. Zacks Investment Research downgraded FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. ValuEngine downgraded FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, 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 price target for the company. 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 stock. FCB Financial Holdings currently has an average rating of “Hold” and a consensus price target of $53.40.

About FCB Financial Holdings

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 Holdings (NYSE:FCB)

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