Tredje AP fonden Buys 342 Shares of First Citizens BancShares, Inc. $FCNCA

Tredje AP fonden grew its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 42.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,153 shares of the bank’s stock after purchasing an additional 342 shares during the quarter. Tredje AP fonden’s holdings in First Citizens BancShares were worth $2,063,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC increased its holdings in shares of First Citizens BancShares by 577.7% in the third quarter. AlphaQuest LLC now owns 759 shares of the bank’s stock worth $1,358,000 after buying an additional 647 shares during the period. Founders Financial Alliance LLC grew its holdings in shares of First Citizens BancShares by 484.7% in the third quarter. Founders Financial Alliance LLC now owns 1,532 shares of the bank’s stock worth $2,742,000 after purchasing an additional 1,270 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in shares of First Citizens BancShares in the third quarter worth $415,000. Thrivent Financial for Lutherans raised its holdings in First Citizens BancShares by 8.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 43,787 shares of the bank’s stock valued at $78,341,000 after buying an additional 3,587 shares during the last quarter. Finally, Live Oak Private Wealth LLC raised its holdings in First Citizens BancShares by 58.1% during the 3rd quarter. Live Oak Private Wealth LLC now owns 3,297 shares of the bank’s stock valued at $5,899,000 after buying an additional 1,211 shares during the last quarter. Institutional investors own 78.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on FCNCA. Truist Financial boosted their price objective on shares of First Citizens BancShares from $2,050.00 to $2,150.00 and gave the company a “hold” rating in a research report on Monday, January 26th. The Goldman Sachs Group downgraded First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,300.00 price target on the stock. in a report on Tuesday, January 6th. Barclays lowered their price target on First Citizens BancShares from $2,456.00 to $2,346.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Citizens BancShares in a research report on Monday, December 29th. Finally, Zacks Research cut First Citizens BancShares from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,238.27.

Insider Transactions at First Citizens BancShares

In related news, CEO Frank B. Holding, Jr. bought 135 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $1,629.67 per share, with a total value of $220,005.45. Following the completion of the acquisition, the chief executive officer owned 2,527 shares of the company’s stock, valued at $4,118,176.09. The trade was a 5.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.19% of the company’s stock.

First Citizens BancShares Trading Down 1.4%

Shares of NASDAQ FCNCA opened at $2,016.58 on Monday. First Citizens BancShares, Inc. has a 1 year low of $1,473.62 and a 1 year high of $2,232.21. The stock has a market cap of $25.09 billion, a P/E ratio of 12.17 and a beta of 0.70. The firm has a 50-day moving average of $2,115.99 and a 200 day moving average of $1,952.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.03 and a quick ratio of 1.03.

First Citizens BancShares (NASDAQ:FCNCA) last announced its quarterly earnings data on Friday, January 23rd. The bank reported $51.27 earnings per share for the quarter, topping analysts’ consensus estimates of $44.24 by $7.03. First Citizens BancShares had a net margin of 15.21% and a return on equity of 11.12%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $2.24 billion. As a group, sell-side analysts expect that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $2.10 per share. The ex-dividend date is Friday, February 27th. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. First Citizens BancShares’s payout ratio is presently 5.07%.

First Citizens BancShares Company 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.