AG Campbell Advisory LLC Purchases Shares of 1,010 First Citizens BancShares, Inc. $FCNCA

AG Campbell Advisory LLC bought a new stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,010 shares of the bank’s stock, valued at approximately $2,168,000. First Citizens BancShares makes up about 0.7% of AG Campbell Advisory LLC’s investment portfolio, making the stock its 16th biggest position.

Several other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of First Citizens BancShares by 117,518.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 205,833 shares of the bank’s stock valued at $441,755,000 after acquiring an additional 205,658 shares during the period. Norges Bank acquired a new stake in shares of First Citizens BancShares in the fourth quarter worth approximately $116,565,000. River Road Asset Management LLC increased its position in shares of First Citizens BancShares by 574.0% during the fourth quarter. River Road Asset Management LLC now owns 55,402 shares of the bank’s stock worth $118,903,000 after purchasing an additional 47,182 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in First Citizens BancShares by 2,057.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 47,506 shares of the bank’s stock valued at $92,944,000 after purchasing an additional 45,304 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of First Citizens BancShares by 13,512.7% in the fourth quarter. M&T Bank Corp now owns 38,524 shares of the bank’s stock valued at $82,679,000 after buying an additional 38,241 shares during the last quarter. 78.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FCNCA shares. Zacks Research raised First Citizens BancShares from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler set a $2,050.00 price target on shares of First Citizens BancShares in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 price target on the stock. in a research report on Wednesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of First Citizens BancShares from $2,200.00 to $2,150.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Finally, Weiss Ratings downgraded shares of First Citizens BancShares from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, First Citizens BancShares currently has an average rating of “Hold” and a consensus target price of $2,215.91.

First Citizens BancShares Stock Performance

NASDAQ:FCNCA opened at $2,071.62 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.67. First Citizens BancShares, Inc. has a fifty-two week low of $1,623.76 and a fifty-two week high of $2,232.21. The stock has a market cap of $24.01 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62. The firm’s fifty day simple moving average is $2,004.04 and its 200-day simple moving average is $2,015.24.

First Citizens BancShares (NASDAQ:FCNCA) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $44.86 EPS for the quarter, beating the consensus estimate of $43.31 by $1.55. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the business earned $37.79 earnings per share. Analysts expect that First Citizens BancShares, Inc. will post 175.61 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $2.10 dividend. The ex-dividend date was Friday, May 29th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio is currently 4.83%.

Insider Buying and Selling at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. acquired 528 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $1,813.37 per share, with a total value of $957,459.36. Following the purchase, the chief executive officer directly owned 64,100 shares of the company’s stock, valued at approximately $116,237,017. This trade represents a 0.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 7,190 shares of company stock valued at $12,573,868. Corporate insiders own 14.63% of the company’s stock.

First Citizens BancShares Profile

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.