First Citizens BancShares, Inc. $FCNCA Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,524 shares of the bank’s stock after buying an additional 1,209 shares during the period. Natixis Advisors LLC owned about 0.20% of First Citizens BancShares worth $45,667,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FCNCA. Goldman Sachs Group Inc. lifted its holdings in shares of First Citizens BancShares by 1.9% in the first quarter. Goldman Sachs Group Inc. now owns 37,389 shares of the bank’s stock valued at $69,324,000 after purchasing an additional 681 shares in the last quarter. Empowered Funds LLC increased its stake in shares of First Citizens BancShares by 71.9% during the 1st quarter. Empowered Funds LLC now owns 392 shares of the bank’s stock worth $727,000 after purchasing an additional 164 shares in the last quarter. Focus Partners Wealth raised its position in shares of First Citizens BancShares by 5.2% during the 1st quarter. Focus Partners Wealth now owns 241 shares of the bank’s stock worth $447,000 after purchasing an additional 12 shares during the last quarter. Atria Investments Inc raised its position in shares of First Citizens BancShares by 6.9% during the 2nd quarter. Atria Investments Inc now owns 325 shares of the bank’s stock worth $635,000 after purchasing an additional 21 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its stake in First Citizens BancShares by 5.4% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 3,276 shares of the bank’s stock valued at $6,410,000 after buying an additional 168 shares in the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Raymond James Financial upgraded First Citizens BancShares from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $2,100.00 to $2,200.00 in a report on Thursday, November 20th. Truist Financial upped their price objective on 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. Barclays decreased their price objective on First Citizens BancShares from $2,456.00 to $2,346.00 and set an “equal weight” rating on the stock in a research note on Monday, January 26th. The Goldman Sachs Group cut First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,300.00 price objective for the company. in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of First Citizens BancShares from $2,300.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,238.27.

First Citizens BancShares Trading Up 0.8%

Shares of FCNCA opened at $1,907.53 on Tuesday. First Citizens BancShares, Inc. has a fifty-two week low of $1,473.62 and a fifty-two week high of $2,232.21. The company has a market capitalization of $22.78 billion, a PE ratio of 11.51 and a beta of 0.68. The stock has a fifty day moving average of $2,073.44 and a two-hundred day moving average of $1,957.86. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.03 and a current ratio of 1.03.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings data on Friday, January 23rd. The bank reported $51.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $44.24 by $7.03. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. First Citizens BancShares had a return on equity of 11.18% and a net margin of 15.21%. As a group, analysts forecast that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

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