Private Capital Advisors Inc. Sells 81 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Private Capital Advisors Inc. trimmed its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197 shares of the bank’s stock after selling 81 shares during the period. Private Capital Advisors Inc.’s holdings in First Citizens BancShares were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in First Citizens BancShares during the third quarter worth about $39,000. GAMMA Investing LLC lifted its position in First Citizens BancShares by 129.6% in the 3rd quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock worth $114,000 after buying an additional 35 shares during the last quarter. Quarry LP bought a new stake in First Citizens BancShares in the 2nd quarter worth approximately $126,000. Private Trust Co. NA boosted its stake in First Citizens BancShares by 2,100.0% in the third quarter. Private Trust Co. NA now owns 88 shares of the bank’s stock worth $162,000 after buying an additional 84 shares in the last quarter. Finally, UMB Bank n.a. bought a new position in First Citizens BancShares during the third quarter valued at approximately $177,000. 78.01% of the stock is owned by hedge funds and other institutional investors.

First Citizens BancShares Trading Down 0.1 %

NASDAQ FCNCA opened at $2,216.49 on Friday. The firm has a market capitalization of $31.01 billion, a PE ratio of 12.70, a P/E/G ratio of 1.03 and a beta of 0.86. The stock’s 50 day moving average is $2,169.63 and its 200 day moving average is $2,028.74. First Citizens BancShares, Inc. has a twelve month low of $1,383.00 and a twelve month high of $2,388.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Friday, January 24th. The bank reported $45.10 EPS for the quarter, beating analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. Research analysts forecast that First Citizens BancShares, Inc. will post 187.95 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a dividend yield of 0.35%. First Citizens BancShares’s payout ratio is 4.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FCNCA shares. Wedbush lowered their price objective on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a report on Friday, October 25th. StockNews.com lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. The Goldman Sachs Group increased their target price on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Truist Financial began coverage on First Citizens BancShares in a research report on Tuesday, January 7th. They issued a “hold” rating and a $2,303.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2,290.75.

About First Citizens BancShares

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.