Latest Stocks: FCB Financial Holdings Inc (FCB) Insider Stuart I. Oran Sells 3,000 Shares

Latest Stocks: FCB Financial Holdings Inc (FCB) Insider Stuart I. Oran Sells 3,000 Shares

FCB Financial Holdings Inc (NYSE:FCB) insider Stuart I. Oran sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $47.42, for a total transaction of $142,260.00. Following the sale, the insider now directly owns 10,104 shares in the company, valued at $479,131.68. The sale was disclosed in a legal filing with the SEC, which is available through this link.

FCB Financial Holdings Inc (NYSE FCB) opened at 46.80 on Tuesday. FCB Financial Holdings Inc has a 52 week low of $31.98 and a 52 week high of $50.33. The company has a 50-day moving average of $47.16 and a 200-day moving average of $47.19. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 17.60 and a beta of 1.38.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Thursday, April 20th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. FCB Financial Holdings had a net margin of 28.63% and a return on equity of 10.77%. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.44 million. During the same period in the prior year, the firm posted $0.53 EPS. FCB Financial Holdings’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts forecast that FCB Financial Holdings Inc will post $2.65 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock valued at $140,048,000 after buying an additional 101,061 shares during the period. Oak Hill Advisors LP increased 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 valued at $105,483,000 after buying an additional 1,656,423 shares during the period. BlackRock Inc. increased its stake in shares of FCB Financial Holdings by 11,599.9% in the first quarter. BlackRock Inc. now owns 2,251,886 shares of the bank’s stock valued at $111,582,000 after buying an additional 2,232,639 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 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 period. Finally, JPMorgan Chase & Co. increased its stake in shares of FCB Financial Holdings by 34.1% in the first quarter. JPMorgan Chase & Co. now owns 1,672,170 shares of the bank’s stock valued at $82,857,000 after buying an additional 425,549 shares during the period. 95.97% of the stock is currently owned by institutional investors. A number of equities research analysts have recently issued reports on FCB shares. 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. Zacks Investment Research cut shares of FCB Financial Holdings from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $57.00 target price (up 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 stock. The stock currently has an average rating of “Buy” and an average target price of $50.75.

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