First Citizens BancShares Inc. (NASDAQ:FCNCA) Director Harold Lee Durham, Jr. bought 50 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $420.00 per share, for a total transaction of $21,000.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at $210,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
First Citizens BancShares Inc. (FCNCA) opened at $419.80 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.85. First Citizens BancShares Inc. has a 12-month low of $319.40 and a 12-month high of $459.27. The stock has a market capitalization of $5,430.00, a price-to-earnings ratio of 15.57 and a beta of 1.13.
First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Wednesday, January 31st. The bank reported $6.68 earnings per share (EPS) for the quarter. First Citizens BancShares had a return on equity of 10.86% and a net margin of 20.11%. The firm had revenue of $414.92 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, March 16th. First Citizens BancShares’s payout ratio is 5.19%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower View Investment Management & Research LLC acquired a new stake in First Citizens BancShares during the 4th quarter worth about $121,000. Cardinal Capital Management acquired a new stake in First Citizens BancShares during the 4th quarter worth about $201,000. Principal Financial Group Inc. grew its position in First Citizens BancShares by 27.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,171 shares of the bank’s stock worth $438,000 after purchasing an additional 249 shares during the period. Pacer Advisors Inc. grew its position in First Citizens BancShares by 28.5% during the 3rd quarter. Pacer Advisors Inc. now owns 1,447 shares of the bank’s stock worth $541,000 after purchasing an additional 321 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in First Citizens BancShares during the 3rd quarter worth about $747,000. 44.89% of the stock is currently owned by hedge funds and other institutional investors.
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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