First Citizens BancShares, Inc. (NASDAQ:FCNCA) Vice Chairman Hope Holding Bryant sold 2,255 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $339.85, for a total transaction of $766,361.75. Following the completion of the transaction, the insider now directly owns 272,572 shares in the company, valued at $92,633,594.20. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction 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 transaction of $850,000.00.

First Citizens BancShares, Inc. (NASDAQ FCNCA) opened at 334.10 on Thursday. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 13.10 and a beta of 1.07. First Citizens BancShares, Inc. has a 52 week low of $275.27 and a 52 week high of $395.15. The company has a 50-day moving average of $355.05 and a 200-day moving average of $351.26.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, September 15th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.70%.

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Several hedge funds and other institutional investors have recently made changes to their positions in FCNCA. Captrust Financial Advisors purchased a new stake in shares of First Citizens BancShares in the second quarter valued at about $104,000. Teacher Retirement System of Texas purchased a new stake in shares of First Citizens BancShares in the second quarter valued at about $214,000. BNP Paribas Arbitrage SA lifted its holdings in shares of First Citizens BancShares by 244.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,034 shares of the bank’s stock valued at $385,000 after purchasing an additional 734 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of First Citizens BancShares by 17.3% in the second quarter. Pacer Advisors Inc. now owns 1,126 shares of the bank’s stock valued at $420,000 after purchasing an additional 166 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. lifted its holdings in shares of First Citizens BancShares by 69.2% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,650 shares of the bank’s stock valued at $615,000 after purchasing an additional 675 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors.

FCNCA has been the topic of a number of research reports. ValuEngine lowered shares of First Citizens BancShares from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

About First Citizens BancShares

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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