First Citizens BancShares (FCNCA) Earns News Sentiment Rating of 0.17
News stories about First Citizens BancShares (NASDAQ:FCNCA) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Citizens BancShares earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.897786142575 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of First Citizens BancShares (FCNCA) opened at $399.53 on Wednesday. First Citizens BancShares has a twelve month low of $319.40 and a twelve month high of $417.98. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4,732.90, a price-to-earnings ratio of 14.70 and a beta of 1.15.
First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $5.58 EPS for the quarter. First Citizens BancShares had a return on equity of 10.17% and a net margin of 20.60%. The firm had revenue of $398.56 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.35%. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 15th. First Citizens BancShares’s dividend payout ratio is presently 4.48%.
First Citizens BancShares declared that its board has initiated a stock repurchase plan on Wednesday, October 25th that permits the company to repurchase 800,000 outstanding shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently commented on FCNCA. lowered First Citizens BancShares from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. lowered First Citizens BancShares from a “buy” rating to a “hold” rating in a report on Friday, August 18th.
In related news, Vice Chairman Hope Holding Bryant sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $345.00, for a total value of $862,500.00. Following the transaction, the insider now directly owns 272,572 shares of the company’s stock, valued at approximately $94,037,340. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 7,255 shares of company stock worth $2,478,862. 19.38% of the stock is owned by 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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