Strs Ohio lowered its stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the bank’s stock after selling 200 shares during the period. Strs Ohio’s holdings in First Citizens BancShares were worth $1,416,000 at the end of the most recent reporting period.

Separately, First Citizens Bank & Trust Co. increased its stake in First Citizens BancShares by 15.8% in the second quarter. First Citizens Bank & Trust Co. now owns 6,225 shares of the bank’s stock worth $2,320,000 after buying an additional 849 shares during the period. 45.88% of the stock is owned by institutional investors.

Shares of First Citizens BancShares, Inc. (FCNCA) opened at 345.06 on Friday. First Citizens BancShares, Inc. has a 52-week low of $270.57 and a 52-week high of $395.15. The company’s 50-day moving average price is $370.78 and its 200-day moving average price is $354.19. The firm has a market capitalization of $4.14 billion, a P/E ratio of 13.53 and a beta of 1.05.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a $0.30 dividend. The ex-dividend date is Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.35%. First Citizens BancShares’s dividend payout ratio is currently 4.70%.

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A number of research firms recently weighed in on FCNCA. BidaskClub downgraded First Citizens BancShares from a “sell” rating to a “strong sell” rating in a research report on Saturday. ValuEngine raised First Citizens BancShares from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th.

In other First Citizens BancShares news, major shareholder Olivia Britton Holding sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $366.26, for a total value of $1,831,300.00. Following the sale, the insider now owns 343,898 shares in the company, valued at $125,956,081.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.38% of the company’s stock.

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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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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