Amalgamated Bank Decreases Position in First Citizens BancShares, Inc. (FCNCA)
Amalgamated Bank trimmed its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 949 shares of the bank’s stock after selling 4 shares during the period. Amalgamated Bank’s holdings in First Citizens BancShares were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in First Citizens BancShares during the 2nd quarter worth $104,000. Teacher Retirement System of Texas purchased a new stake in First Citizens BancShares during the 2nd quarter worth $214,000. BNP Paribas Arbitrage SA boosted its position in First Citizens BancShares by 244.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,034 shares of the bank’s stock worth $385,000 after purchasing an additional 734 shares during the period. Pacer Advisors Inc. boosted its position in First Citizens BancShares by 17.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,126 shares of the bank’s stock worth $420,000 after purchasing an additional 166 shares during the period. Finally, Cannell Peter B & Co. Inc. boosted its position in First Citizens BancShares by 69.2% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 1,650 shares of the bank’s stock worth $615,000 after purchasing an additional 675 shares during the period. 44.92% of the stock is owned by hedge funds and other institutional investors.
Shares of First Citizens BancShares, Inc. (FCNCA) opened at 378.10 on Monday. The stock has a market capitalization of $4.54 billion, a PE ratio of 14.82 and a beta of 1.09. The company’s 50-day moving average is $350.34 and its 200-day moving average is $351.27. First Citizens BancShares, Inc. has a 12 month low of $280.98 and a 12 month high of $395.15.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.32%. First Citizens BancShares’s dividend payout ratio (DPR) is 4.70%.
A number of analysts recently weighed in on FCNCA shares. BidaskClub cut shares of First Citizens BancShares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. ValuEngine cut shares of First Citizens BancShares from a “buy” rating to a “hold” rating in a research report on Friday, August 18th.
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In other news, Vice Chairman Hope Holding Bryant sold 2,500 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $340.00, for a total transaction of $850,000.00. Following the transaction, the insider now owns 272,572 shares in the company, valued at approximately $92,674,480. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Olivia Britton Holding sold 5,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $366.26, for a total transaction of $1,831,300.00. Following the transaction, the insider now owns 343,898 shares in the company, valued at approximately $125,956,081.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,500 shares of company stock worth $4,398,866. 19.38% of the stock is currently owned by company insiders.
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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