Russell Investments Group Ltd. bought a new position in FCB Financial Holdings Inc (NYSE:FCB) during the fourth quarter, Holdings Channel reports. The institutional investor bought 41,403 shares of the company’s stock, valued at approximately $1,981,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP increased its position in FCB Financial Holdings by 94.9% in the third quarter. Quantbot Technologies LP now owns 2,826 shares of the company’s stock worth $108,000 after buying an additional 1,376 shares during the period. Victory Capital Management Inc. purchased a new position in FCB Financial Holdings during the third quarter worth $116,000. PNC Financial Services Group Inc. increased its position in FCB Financial Holdings by 2,654.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,820 shares of the company’s stock worth $186,000 after buying an additional 4,645 shares during the period. DIAM Co. Ltd. purchased a new position in FCB Financial Holdings during the third quarter worth $250,000. Finally, Suntrust Banks Inc. increased its position in FCB Financial Holdings by 6.6% in the third quarter. Suntrust Banks Inc. now owns 8,405 shares of the company’s stock worth $322,000 after buying an additional 519 shares during the period. Hedge funds and other institutional investors own 95.97% of the company’s stock.
Shares of FCB Financial Holdings Inc (NYSE:FCB) opened at 46.95 on Friday. FCB Financial Holdings Inc has a 1-year low of $30.23 and a 1-year high of $50.33. The company has a 50 day moving average price of $48.17 and a 200 day moving average price of $43.59. The stock has a market cap of $1.94 billion, a P/E ratio of 20.32 and a beta of 1.38.
FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business earned $78.99 million during the quarter, compared to the consensus estimate of $77.39 million. FCB Financial Holdings had a net margin of 28.63% and a return on equity of 10.77%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. On average, equities analysts anticipate that FCB Financial Holdings Inc will post $2.71 EPS for the current year.
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A number of research analysts have weighed in on the company. Raymond James Financial, Inc. assumed coverage on FCB Financial Holdings in a report on Wednesday, November 30th. They set a “mkt perform” rating on the stock. Zacks Investment Research upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Monday, December 5th. Finally, Citigroup Inc assumed coverage on FCB Financial Holdings in a research note on Wednesday, November 30th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $46.33.
In other FCB Financial Holdings news, insider Stuart I. Oran sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $45.24, for a total value of $180,960.00. Following the completion of the sale, the insider now owns 9,104 shares of the company’s stock, valued at $411,864.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stuart I. Oran sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $45.71, for a total transaction of $274,260.00. Following the completion of the sale, the insider now directly owns 11,104 shares of the company’s stock, valued at approximately $507,563.84. The disclosure for this sale can be found here. In the last three months, insiders sold 516,467 shares of company stock valued at $24,223,490. 17.70% of the stock is owned by insiders.
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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