FCB Financial Holdings, Inc. (NYSE:FCB) insider Vincent Tese sold 56,429 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $47.13, for a total transaction of $2,659,498.77. Following the sale, the insider now owns 388,799 shares of the company’s stock, valued at $18,324,096.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vincent Tese also recently made the following trade(s):

  • On Thursday, August 3rd, Vincent Tese sold 8,508 shares of FCB Financial Holdings stock. The stock was sold at an average price of $47.03, for a total transaction of $400,131.24.
  • On Wednesday, August 2nd, Vincent Tese sold 10,487 shares of FCB Financial Holdings stock. The stock was sold at an average price of $47.10, for a total transaction of $493,937.70.
  • On Monday, June 5th, Vincent Tese sold 9,804 shares of FCB Financial Holdings stock. The stock was sold at an average price of $47.12, for a total transaction of $461,964.48.

FCB Financial Holdings, Inc. (NYSE:FCB) opened at 46.70 on Wednesday. The company has a 50-day moving average of $47.40 and a 200-day moving average of $47.52. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 16.28 and a beta of 1.29. FCB Financial Holdings, Inc. has a 1-year low of $35.55 and a 1-year high of $50.33.

FCB Financial Holdings (NYSE:FCB) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $83 million during the quarter, compared to analysts’ expectations of $83.47 million. FCB Financial Holdings had a net margin of 33.95% and a return on equity of 11.11%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts predict that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hilton Capital Management LLC boosted its position in FCB Financial Holdings by 46.7% in the second quarter. Hilton Capital Management LLC now owns 8,230 shares of the bank’s stock valued at $393,000 after buying an additional 2,620 shares during the period. Royce & Associates LP bought a new position in FCB Financial Holdings during the second quarter valued at $1,141,000. Victory Capital Management Inc. boosted its position in FCB Financial Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after buying an additional 609 shares during the period. Federated Investors Inc. PA boosted its position in FCB Financial Holdings by 392.9% in the second quarter. Federated Investors Inc. PA now owns 108,271 shares of the bank’s stock valued at $5,170,000 after buying an additional 86,303 shares during the period. Finally, Truepoint Inc. bought a new position in FCB Financial Holdings during the second quarter valued at $267,000. Institutional investors own 95.44% of the company’s stock.

FCB Financial Holdings 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 Holdings (NYSE:FCB)

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