Todays Report: Today, Nationwide Fund Advisors invests in FCB Financial Holdings Inc. (FCB) Shares

Today, Nationwide Fund Advisors invests in FCB Financial Holdings Inc. (FCB) Shares

Nationwide Fund Advisors increased its position in FCB Financial Holdings Inc. (NYSE:FCB) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,308 shares of the company’s stock after buying an additional 6,498 shares during the period. Nationwide Fund Advisors owned about 0.11% of FCB Financial Holdings worth $1,540,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Suntrust Banks Inc. raised its stake in shares of FCB Financial Holdings by 13.3% in the second quarter. Suntrust Banks Inc. now owns 7,886 shares of the company’s stock valued at $268,000 after buying an additional 925 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of FCB Financial Holdings during the second quarter valued at about $316,000. State Board of Administration of Florida Retirement System raised its stake in shares of FCB Financial Holdings by 7.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 10,645 shares of the company’s stock valued at $362,000 after buying an additional 770 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of FCB Financial Holdings during the second quarter valued at about $381,000. Finally, Forward Management LLC raised its stake in shares of FCB Financial Holdings by 8.6% in the first quarter. Forward Management LLC now owns 24,348 shares of the company’s stock valued at $810,000 after buying an additional 1,918 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.

FCB Financial Holdings Inc. (NYSE:FCB) opened at 37.50 on Tuesday. The stock has a market cap of $1.52 billion, a P/E ratio of 16.84 and a beta of 1.23. FCB Financial Holdings Inc. has a 12-month low of $28.64 and a 12-month high of $39.44. The stock has a 50 day moving average of $38.23 and a 200 day moving average of $35.83.

FCB Financial Holdings (NYSE:FCB) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. FCB Financial Holdings had a net margin of 30.51% and a return on equity of 10.21%. On average, equities research analysts anticipate that FCB Financial Holdings Inc. will post $2.24 earnings per share for the current fiscal year.

FCB has been the subject of several recent research reports. Zacks Investment Research upgraded shares of FCB Financial Holdings from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, June 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of FCB Financial Holdings in a report on Sunday, July 10th. TheStreet raised shares of FCB Financial Holdings from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Hovde Group lifted their price target on shares of FCB Financial Holdings from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, August 22nd. Finally, Deutsche Bank AG lifted their price target on shares of FCB Financial Holdings from $41.00 to $44.00 and gave the company a “buy” rating in a report on Friday, September 23rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. FCB Financial Holdings currently has an average rating of “Buy” and a consensus price target of $41.75.

In related news, insider Stuart I. Oran sold 4,849 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $35.85, for a total value of $173,836.65. Following the transaction, the insider now owns 9,953 shares in the company, valued at approximately $356,815.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul A. Novelly sold 14,885 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $36.00, for a total transaction of $535,860.00. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.

FCB Financial Holdings Company Profile

FCB Financial Holdings, Inc is a bank holding company with one 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. The Company provides a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through approximately 50 branches in south and central Florida.

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