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 the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $52.15, for a total transaction of $684,208.00. Following the sale, the chief executive officer now directly owns 263,136 shares of the company’s stock, valued at approximately $13,722,542.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of FCB Financial Holdings Inc (FCB) opened at $53.85 on Thursday. 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 1 year low of $39.90 and a 1 year high of $54.60. The firm has a market cap of $2,330.00, a P/E ratio of 18.25, a P/E/G ratio of 1.16 and a beta of 1.35.

FCB Financial (NYSE:FCB) last posted its 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 net margin of 34.09% and a return on equity of 11.42%. The business had revenue of $84.21 million during the quarter, compared to the consensus estimate of $87.16 million. During the same quarter in the previous year, the firm posted $0.60 EPS. research analysts forecast that FCB Financial Holdings Inc will post 2.84 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in FCB Financial in the 2nd quarter worth approximately $109,000. Valeo Financial Advisors LLC bought a new stake in FCB Financial in the 3rd quarter worth approximately $146,000. Ameritas Investment Partners Inc. grew its position in FCB Financial by 19.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock worth $148,000 after purchasing an additional 504 shares during the period. M&R Capital Management Inc. grew its position in FCB Financial by 600.0% in the 2nd quarter. M&R Capital Management Inc. now owns 3,500 shares of the bank’s stock worth $152,000 after purchasing an additional 3,000 shares during the period. Finally, Victory Capital Management Inc. grew its position in FCB Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock worth $194,000 after purchasing an additional 609 shares during the period. 93.72% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on FCB. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Royal Bank of Canada reissued a “buy” rating and set a $54.00 price target on shares of FCB Financial in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of FCB Financial in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. FCB Financial currently has an average rating of “Hold” and a consensus price target 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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