BNP Paribas Arbitrage SA reduced its stake in shares of FCB Financial Holdings, Inc. (NYSE:FCB) by 59.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,708 shares of the bank’s stock after selling 14,365 shares during the period. BNP Paribas Arbitrage SA’s holdings in FCB Financial Holdings were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its holdings in FCB Financial Holdings by 5.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 152,919 shares of the bank’s stock worth $7,302,000 after acquiring an additional 7,525 shares in the last quarter. Legal & General Group Plc grew its holdings in FCB Financial Holdings by 12.8% during 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 in the last quarter. SG Americas Securities LLC grew its holdings in FCB Financial Holdings by 84.8% during the 2nd quarter. SG Americas Securities LLC now owns 6,277 shares of the bank’s stock worth $300,000 after acquiring an additional 2,880 shares in the last quarter. Alpine Woods Capital Investors LLC grew its holdings in FCB Financial Holdings by 15.0% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 11,500 shares of the bank’s stock worth $549,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in FCB Financial Holdings by 12.6% during the 2nd quarter. Rhumbline Advisers now owns 41,586 shares of the bank’s stock worth $1,986,000 after acquiring an additional 4,644 shares in the last quarter. 93.76% of the stock is owned by institutional investors.

FCB Financial Holdings, Inc. (NYSE FCB) opened at 43.75 on Friday. The stock has a 50 day moving average of $44.33 and a 200 day moving average of $46.82. FCB Financial Holdings, Inc. has a 12-month low of $35.55 and a 12-month high of $50.33. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 15.25 and a beta of 1.31.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The firm had revenue of $83.00 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 11.11%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. Equities research analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 earnings per share for the current year.

In other FCB Financial Holdings news, Director Alan S. Bernikow sold 5,870 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $49.00, for a total value of $287,630.00. Following the sale, the director now owns 10,070 shares of the company’s stock, valued at approximately $493,430. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stuart I. Oran sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $47.22, for a total transaction of $141,660.00. Following the completion of the sale, the insider now directly owns 10,104 shares in the company, valued at approximately $477,110.88. The disclosure for this sale can be found here. Insiders sold a total of 748,167 shares of company stock worth $34,319,679 in the last three months. Insiders own 15.40% of the company’s stock.

Several research analysts have weighed in on FCB shares. Zacks Investment Research lowered shares of FCB Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BidaskClub lowered shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. 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 price objective for the company. ValuEngine raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of FCB Financial Holdings in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $53.40.

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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.

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

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