FCB Financial Stake Inc (FCB) Shares Reduced by Ameriprise Financial Inc.

FCB Financial Stake Inc (FCB) Shares Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of FCB Financial Holdings Inc (NYSE:FCB) by 17.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,493 shares of the bank’s stock after selling 78,221 shares during the period. Ameriprise Financial Inc.’s holdings in FCB Financial Holdings were worth $17,962,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Oak Hill Advisors LP raised its stake in shares of 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 worth $105,483,000 after buying an additional 1,656,423 shares during the last quarter. Bank of New York Mellon Corp raised 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 last quarter. Silvercrest Asset Management Group LLC acquired a new stake in FCB Financial Holdings during the fourth quarter valued at approximately $71,361,000. Dimensional Fund Advisors LP raised its stake in FCB Financial Holdings by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 984,917 shares of the bank’s stock valued at $46,981,000 after buying an additional 175,646 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in FCB Financial Holdings by 8.3% in the first quarter. American Century Companies Inc. now owns 905,504 shares of the bank’s stock valued at $44,868,000 after buying an additional 69,115 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FCB Financial Holdings Inc (FCB) opened at 46.80 on Monday. The stock has a market cap of $1.99 billion, a P/E ratio of 17.60 and a beta of 1.38. The company’s 50-day moving average is $47.17 and its 200-day moving average is $47.04. FCB Financial Holdings Inc has a 1-year low of $31.98 and a 1-year high of $50.33.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings results on Thursday, April 20th. The bank reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 net margin of 28.63% and a return on equity of 10.77%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Equities analysts expect that FCB Financial Holdings Inc will post $2.65 EPS for the current fiscal year.

FCB has been the subject of several recent analyst reports. Zacks Investment Research raised 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 Tuesday, March 28th. Deutsche Bank AG reissued a “buy” rating and set a $57.00 price objective (up from $56.00) on shares of FCB Financial Holdings in a report on Sunday, April 23rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 price objective on shares of FCB Financial Holdings in a report on Wednesday, April 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $50.75.

In related news, insider Les J. Lieberman sold 813 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $47.04, for a total value of $38,243.52. Following the sale, the insider now directly owns 299,020 shares in the company, valued at approximately $14,065,900.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stuart I. Oran sold 3,000 shares of the business’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $49.52, for a total transaction of $148,560.00. Following the completion of the sale, the insider now owns 10,104 shares in the company, valued at $500,350.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 568,119 shares of company stock worth $27,138,227. Corporate insiders own 17.70% 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.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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