First Citizens BancShares, Inc. $FCNCA Shares Bought by Andra AP fonden

Andra AP fonden grew its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 48.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,700 shares of the bank’s stock after buying an additional 1,200 shares during the period. Andra AP fonden’s holdings in First Citizens BancShares were worth $6,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in First Citizens BancShares during the 3rd quarter valued at about $27,000. UMB Bank n.a. boosted its holdings in shares of First Citizens BancShares by 100.0% during the 3rd quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock worth $29,000 after purchasing an additional 8 shares during the last quarter. MAI Capital Management boosted its holdings in shares of First Citizens BancShares by 500.0% during the 2nd quarter. MAI Capital Management now owns 18 shares of the bank’s stock worth $35,000 after purchasing an additional 15 shares during the last quarter. Steph & Co. purchased a new stake in shares of First Citizens BancShares in the third quarter valued at approximately $32,000. Finally, Root Financial Partners LLC acquired a new stake in shares of First Citizens BancShares in the third quarter valued at approximately $32,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.

First Citizens BancShares Stock Down 5.1%

Shares of FCNCA opened at $1,898.15 on Friday. The company’s 50-day moving average price is $2,102.42 and its 200 day moving average price is $1,956.50. First Citizens BancShares, Inc. has a 12-month low of $1,473.62 and a 12-month high of $2,232.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.72. The firm has a market cap of $23.61 billion, a P/E ratio of 11.45 and a beta of 0.70.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Friday, January 23rd. The bank reported $51.27 earnings per share for the quarter, topping the consensus estimate of $44.24 by $7.03. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.24 billion. First Citizens BancShares had a net margin of 15.21% and a return on equity of 11.18%. On average, sell-side analysts forecast that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, February 27th. First Citizens BancShares’s dividend payout ratio (DPR) is 5.07%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FCNCA shares. Barclays dropped their target price on First Citizens BancShares from $2,456.00 to $2,346.00 and set an “equal weight” rating for the company in a report on Monday, January 26th. Raymond James Financial raised shares of First Citizens BancShares from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $2,100.00 to $2,200.00 in a research report on Thursday, November 20th. Wall Street Zen upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group downgraded shares of First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,300.00 target price on the stock. in a research note on Tuesday, January 6th. Finally, UBS Group set a $2,325.00 target price on shares of First Citizens BancShares in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, First Citizens BancShares presently has an average rating of “Moderate Buy” and an average price target of $2,238.27.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.