FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.11, for a total transaction of $942,200.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $94,220. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of FCB Financial Holdings, Inc. (FCB) opened at 47.35 on Monday. The company has a market cap of $2.05 billion, a PE ratio of 16.51 and a beta of 1.29. FCB Financial Holdings, Inc. has a 52-week low of $35.18 and a 52-week high of $50.33. The company has a 50 day moving average of $47.44 and a 200-day moving average of $47.53.

FCB Financial Holdings (NYSE:FCB) last released its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $83 million for the quarter, compared to analyst estimates of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.43%. FCB Financial Holdings’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Analysts forecast that FCB Financial Holdings, Inc. will post $2.80 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock valued at $140,048,000 after buying an additional 101,061 shares during the period. BlackRock Inc. increased its stake in FCB Financial Holdings by 11,599.9% in the first 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 period. Bank of New York Mellon Corp increased its stake in FCB Financial Holdings by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 1,836,037 shares of the bank’s stock valued at $90,975,000 after buying an additional 44,901 shares during the period. JPMorgan Chase & Co. increased its stake in FCB Financial Holdings by 34.1% in the first quarter. JPMorgan Chase & Co. now owns 1,672,170 shares of the bank’s stock valued at $82,857,000 after buying an additional 425,549 shares during the period. Finally, Wellington Management Group LLP increased its stake in FCB Financial Holdings by 66.6% in the first 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 period. Institutional investors and hedge funds own 95.44% of the company’s stock.

A number of analysts recently commented on FCB shares. BidaskClub cut shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Deutsche Bank AG restated a “buy” rating and issued a $57.00 price objective (up previously from $56.00) on shares of FCB Financial Holdings in a research report on Sunday, April 23rd. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, July 28th. Royal Bank Of Canada started coverage on shares of FCB Financial Holdings in a research report on Monday, July 17th. They issued an “outperform” rating and a $56.00 price objective for the company. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. FCB Financial Holdings currently has a consensus rating of “Hold” and an average price target of $51.67.

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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