Somewhat Positive Press Coverage Somewhat Unlikely to Impact First Citizens BancShares (FCNCA) Share Price
Media coverage about First Citizens BancShares (NASDAQ:FCNCA) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Citizens BancShares earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 47.6674519102431 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of First Citizens BancShares (NASDAQ FCNCA) traded down $9.20 during mid-day trading on Tuesday, hitting $427.60. The stock had a trading volume of 17,060 shares, compared to its average volume of 32,758. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5,245.97, a PE ratio of 15.87 and a beta of 1.13. First Citizens BancShares has a 12 month low of $319.40 and a 12 month high of $459.27.
First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Wednesday, January 31st. The bank reported $6.68 EPS for the quarter. The company had revenue of $414.92 million for the quarter. First Citizens BancShares had a return on equity of 10.86% and a net margin of 20.11%.
First Citizens BancShares announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 25th that allows the company to buyback 800,000 outstanding shares. This buyback authorization allows the bank to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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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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