First Citizens BancShares, Inc. (NASDAQ:FCNCA) Shares Sold by Mayport LLC

Mayport LLC lessened its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 8.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 553 shares of the bank’s stock after selling 54 shares during the quarter. Mayport LLC’s holdings in First Citizens BancShares were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FCNCA. Financial Life Planners acquired a new stake in shares of First Citizens BancShares during the fourth quarter worth $33,000. Hemington Wealth Management raised its position in shares of First Citizens BancShares by 60.0% during the fourth quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock worth $33,000 after purchasing an additional 6 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in shares of First Citizens BancShares during the fourth quarter worth $36,000. Mather Group LLC. raised its position in shares of First Citizens BancShares by 38.5% during the fourth quarter. Mather Group LLC. now owns 18 shares of the bank’s stock worth $38,000 after purchasing an additional 5 shares during the period. Finally, Asset Planning Inc acquired a new stake in shares of First Citizens BancShares during the fourth quarter worth $38,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCA opened at $1,989.62 on Tuesday. The business has a 50 day moving average price of $2,139.06 and a 200 day moving average price of $2,073.44. First Citizens BancShares, Inc. has a twelve month low of $1,505.73 and a twelve month high of $2,412.93. The company has a market cap of $27.01 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.94 and a beta of 0.85. 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 earnings per share for the quarter, beating the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. Research analysts predict that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $1.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.39%. First Citizens BancShares’s dividend payout ratio (DPR) is 4.12%.

Wall Street Analyst Weigh In

FCNCA has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their target price on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Truist Financial boosted their target price on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. UBS Group began coverage on First Citizens BancShares in a research note on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on First Citizens BancShares in a research note on Monday, December 9th. They issued a “buy” rating and a $2,600.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, First Citizens BancShares currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,323.50.

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.