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

Natixis Advisors LLC lifted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,221 shares of the bank’s stock after purchasing an additional 1,697 shares during the quarter. Natixis Advisors LLC’s holdings in First Citizens BancShares were worth $58,421,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of First Citizens BancShares in the 3rd quarter valued at about $27,000. Harbor Investment Advisory LLC boosted its position in shares of First Citizens BancShares by 150.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 15 shares of the bank’s stock valued at $32,000 after purchasing an additional 9 shares during the period. UMB Bank n.a. boosted its position in shares of First Citizens BancShares by 100.0% in the 3rd quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock valued at $29,000 after purchasing an additional 8 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of First Citizens BancShares by 280.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19 shares of the bank’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of First Citizens BancShares by 40.0% in the 3rd quarter. Fifth Third Bancorp now owns 21 shares of the bank’s stock valued at $38,000 after purchasing an additional 6 shares during the period. 78.01% of the stock is owned by institutional investors and hedge funds.

First Citizens BancShares Stock Down 2.1%

First Citizens BancShares stock opened at $1,955.08 on Thursday. First Citizens BancShares, Inc. has a twelve month low of $1,623.76 and a twelve month high of $2,232.21. The stock has a 50 day moving average of $1,957.58 and a two-hundred day moving average of $1,996.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $22.66 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.52 and a beta of 0.62.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $44.86 earnings per share for the quarter, topping analysts’ consensus estimates of $43.31 by $1.55. First Citizens BancShares had a return on equity of 11.48% and a net margin of 15.62%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm earned $37.79 EPS. As a group, research analysts expect that First Citizens BancShares, Inc. will post 177.84 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FCNCA shares. Keefe, Bruyette & Woods decreased their target price on First Citizens BancShares from $2,375.00 to $2,300.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Piper Sandler set a $2,050.00 target price on First Citizens BancShares in a research report on Friday, April 24th. UBS Group set a $2,325.00 target price on First Citizens BancShares in a research report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their target price on First Citizens BancShares from $2,200.00 to $2,150.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 price objective for the company. in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Citizens BancShares currently has a consensus rating of “Hold” and an average target price of $2,215.91.

Insiders Place Their Bets

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. sold 5,346 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,918.69, for a total transaction of $10,257,316.74. Following the completion of the sale, the chief executive officer directly owned 100,654 shares of the company’s stock, valued at approximately $193,123,823.26. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders purchased 6,187 shares of company stock worth $10,640,161. 14.63% of the stock is currently owned by company insiders.

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.