Citadel Advisors LLC lifted its stake in shares of First Citizens BancShares Inc. Class A (NASDAQ:FCNCA) by 79.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,433 shares of the bank’s stock after purchasing an additional 1,077 shares during the period. Citadel Advisors LLC’s holdings in First Citizens BancShares Inc. Class A were worth $981,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado acquired a new stake in shares of First Citizens BancShares Inc. Class A during the second quarter worth $118,000. Bank of Montreal Can acquired a new stake in shares of First Citizens BancShares Inc. Class A during the second quarter worth $208,000. Meeder Asset Management Inc. raised its position in shares of First Citizens BancShares Inc. Class A by 867.2% during the second quarter. Meeder Asset Management Inc. now owns 619 shares of the bank’s stock worth $250,000 after purchasing an additional 555 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of First Citizens BancShares Inc. Class A during the first quarter worth $258,000. Finally, Triangle Securities Wealth Management acquired a new stake in shares of First Citizens BancShares Inc. Class A during the second quarter worth $258,000. 44.84% of the stock is currently owned by institutional investors.

Separately, BidaskClub raised First Citizens BancShares Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, August 17th.

In other First Citizens BancShares Inc. Class A news, CFO Craig L. Nix purchased 60 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average cost of $471.75 per share, with a total value of $28,305.00. Following the completion of the transaction, the chief financial officer now owns 60 shares of the company’s stock, valued at $28,305. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.20% of the stock is owned by insiders.

Shares of First Citizens BancShares Inc. Class A stock opened at $463.34 on Friday. The firm has a market cap of $5.58 billion, a PE ratio of 16.39 and a beta of 1.11. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. First Citizens BancShares Inc. Class A has a 12-month low of $334.52 and a 12-month high of $488.44.

First Citizens BancShares Inc. Class A (NASDAQ:FCNCA) last announced its earnings results on Thursday, July 26th. The bank reported $7.77 earnings per share (EPS) for the quarter. The company had revenue of $397.15 million for the quarter. First Citizens BancShares Inc. Class A had a return on equity of 10.12% and a net margin of 18.68%.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Friday, September 14th.

First Citizens BancShares Inc. Class A Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.

Recommended Story: Penny Stocks, Risk and Reward Factors

Want to see what other hedge funds are holding FCNCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Citizens BancShares Inc. Class A (NASDAQ:FCNCA).

Institutional Ownership by Quarter for First Citizens BancShares Inc. Class A (NASDAQ:FCNCA)

Receive News & Ratings for First Citizens BancShares Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Citizens BancShares Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.