First Citizens BancShares, Inc. (NASDAQ:FCNCA) Vice Chairman Hope Holding Bryant sold 2,255 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $339.85, for a total value of $766,361.75. Following the completion of the sale, the insider now owns 272,572 shares of the company’s stock, valued at $92,633,594.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hope Holding Bryant also recently made the following trade(s):

  • On Tuesday, August 22nd, Hope Holding Bryant sold 2,500 shares of First Citizens BancShares stock. The shares were sold at an average price of $345.00, for a total value of $862,500.00.
  • On Monday, August 21st, Hope Holding Bryant sold 2,500 shares of First Citizens BancShares stock. The shares were sold at an average price of $340.00, for a total value of $850,000.00.

First Citizens BancShares, Inc. (FCNCA) traded down 1.95% during mid-day trading on Tuesday, hitting $332.67. The stock had a trading volume of 29,471 shares. The firm has a market cap of $4.00 billion, a P/E ratio of 13.04 and a beta of 1.07. The stock has a 50-day moving average price of $357.84 and a 200 day moving average price of $351.99. First Citizens BancShares, Inc. has a 12-month low of $275.27 and a 12-month high of $395.15.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, September 15th. First Citizens BancShares’s dividend payout ratio is presently 4.70%.

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Institutional investors have recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. lifted its stake in shares of First Citizens BancShares by 15.8% in the second quarter. First Citizens Bank & Trust Co. now owns 6,225 shares of the bank’s stock valued at $2,320,000 after buying an additional 849 shares in the last quarter. Boston Partners lifted its stake in shares of First Citizens BancShares by 3.4% in the second quarter. Boston Partners now owns 86,935 shares of the bank’s stock valued at $32,401,000 after buying an additional 2,863 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of First Citizens BancShares in the second quarter valued at $214,000. Russell Investments Group Ltd. lifted its stake in shares of First Citizens BancShares by 146.7% in the second quarter. Russell Investments Group Ltd. now owns 7,088 shares of the bank’s stock valued at $2,643,000 after buying an additional 4,215 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its stake in shares of First Citizens BancShares by 9.6% in the second quarter. Federated Investors Inc. PA now owns 13,841 shares of the bank’s stock valued at $5,159,000 after buying an additional 1,218 shares in the last quarter. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

FCNCA has been the subject of a number of recent analyst reports. BidaskClub cut First Citizens BancShares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. ValuEngine cut First Citizens BancShares from a “buy” rating to a “hold” rating in a research report on Friday, August 18th.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

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