FCB Financial Holdings Inc (FCB) CEO Sells $853,421.80 in Stock
FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 16,610 shares of FCB Financial stock in a transaction on Monday, December 11th. The stock was sold at an average price of $51.38, for a total transaction of $853,421.80. Following the completion of the transaction, the chief executive officer now owns 146,064 shares in the company, valued at approximately $7,504,768.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of FCB Financial Holdings Inc (NYSE FCB) opened at $49.10 on Friday. The stock has a market cap of $2,226.64, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.36. FCB Financial Holdings Inc has a twelve month low of $39.90 and a twelve month high of $54.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.93.
FCB Financial (NYSE:FCB) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $84.21 million for the quarter, compared to analyst estimates of $87.16 million. FCB Financial had a net margin of 34.09% and a return on equity of 11.42%. During the same quarter last year, the firm earned $0.60 EPS. equities analysts expect that FCB Financial Holdings Inc will post 2.84 earnings per share for the current year.
A number of brokerages have issued reports on FCB. Royal Bank of Canada reissued a “buy” rating and issued a $54.00 price target on shares of FCB Financial in a report on Wednesday, October 25th. ValuEngine lowered shares of FCB Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of FCB Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of FCB Financial in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $53.40.
A number of institutional investors have recently made changes to their positions in FCB. Suntrust Banks Inc. boosted its stake in shares of FCB Financial by 1.6% during the 2nd quarter. Suntrust Banks Inc. now owns 8,937 shares of the bank’s stock valued at $426,000 after purchasing an additional 142 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of FCB Financial by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 27,280 shares of the bank’s stock valued at $1,294,000 after purchasing an additional 227 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its stake in shares of FCB Financial by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 9,211 shares of the bank’s stock valued at $440,000 after purchasing an additional 426 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of FCB Financial by 19.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the bank’s stock valued at $148,000 after purchasing an additional 504 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of FCB Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,062 shares of the bank’s stock valued at $194,000 after purchasing an additional 609 shares in the last quarter. 93.98% of the stock is currently owned by institutional investors and hedge funds.
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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.
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