First Citizens BancShares (FCNCA) Receives Daily Media Sentiment Rating of 0.15
Press coverage about First Citizens BancShares (NASDAQ:FCNCA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty 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 coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 44.9643811813493 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of First Citizens BancShares (NASDAQ:FCNCA) traded up $2.65 during trading hours on Friday, reaching $447.01. 56,420 shares of the company were exchanged, compared to its average volume of 31,956. The company has a market capitalization of $5,580.00, a PE ratio of 16.67 and a beta of 1.15. First Citizens BancShares has a 12-month low of $319.40 and a 12-month high of $459.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.85.
First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $5.58 earnings per share (EPS) for the quarter. The firm had revenue of $398.56 million during the quarter. First Citizens BancShares had a net margin of 20.60% and a return on equity of 10.17%.
First Citizens BancShares announced that its Board of Directors has initiated a share buyback program on Wednesday, October 25th that allows the company to repurchase 800,000 shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 15th. This is a boost from First Citizens BancShares’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. First Citizens BancShares’s dividend payout ratio is currently 5.22%.
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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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