The Insider Selling: FCB Financial Holdings Inc (FCB) CEO Sells $515,328.18 in Stock

The Insider Selling: FCB Financial Holdings Inc (FCB) CEO Sells $515,328.18 in Stock

Shares of FCB Financial Holdings Inc (NYSE FCB) remained flat at $46.80 during midday trading on Friday. 284,696 shares of the stock traded hands. The company has a market capitalization of $1.99 billion, a P/E ratio of 17.60 and a beta of 1.38. The firm’s 50 day moving average is $47.17 and its 200 day moving average is $47.04. FCB Financial Holdings Inc has a 12-month low of $31.98 and a 12-month high of $50.33.

FCB Financial Holdings Inc (NYSE:FCB) CEO Kent S. Ellert sold 11,111 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $46.38, for a total value of $515,328.18. Following the completion of the sale, the chief executive officer now owns 146,072 shares of the company’s stock, valued at $6,774,819.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.44 million. FCB Financial Holdings had a return on equity of 10.77% and a net margin of 28.63%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. On average, equities research analysts expect that FCB Financial Holdings Inc will post $2.65 EPS for the current fiscal year.

FCB Financial Holdings (NYSE:FCB) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $80.44 million. FCB Financial Holdings had a return on equity of 10.77% and a net margin of 28.63%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. On average, equities research analysts expect that FCB Financial Holdings Inc will post $2.65 EPS for the current fiscal year. A number of equities analysts have recently commented on the company. Zacks Investment Research cut FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 target price on shares of FCB Financial Holdings in a report on Wednesday, April 5th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $57.00 target price (up previously from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. FCB Financial Holdings presently has a consensus rating of “Buy” and a consensus price target of $50.75.

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company acquired a new position in FCB Financial Holdings during the third quarter valued at about $23,776,000. Perkins Investment Management LLC boosted its position in FCB Financial Holdings by 26.2% in the third quarter. Perkins Investment Management LLC now owns 746,998 shares of the bank’s stock valued at $28,707,000 after buying an additional 154,887 shares during the period. Oak Hill Advisors LP boosted its position in FCB Financial Holdings by 152.2% in the third quarter. Oak Hill Advisors LP now owns 2,744,824 shares of the bank’s stock valued at $105,483,000 after buying an additional 1,656,423 shares during the period. Algebris Investments UK LLP acquired a new position in FCB Financial Holdings during the third quarter valued at about $442,000. Finally, Principal Financial Group Inc. boosted its position in FCB Financial Holdings by 18.6% in the third quarter. Principal Financial Group Inc. now owns 317,219 shares of the bank’s stock valued at $12,190,000 after buying an additional 49,702 shares during the period. 95.97% of the stock is currently owned by institutional investors and hedge funds. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FCB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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