First Citizens BancShares, Inc. (NASDAQ:FCNCA) Shares Bought by Xponance Inc.

Xponance Inc. grew its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 15.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,119 shares of the bank’s stock after buying an additional 152 shares during the period. Xponance Inc.’s holdings in First Citizens BancShares were worth $2,364,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FCNCA. Financial Life Planners purchased a new stake in First Citizens BancShares in the 4th quarter valued at approximately $33,000. Hemington Wealth Management lifted its position in shares of First Citizens BancShares by 60.0% in the fourth quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock valued at $33,000 after acquiring an additional 6 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of First Citizens BancShares during the fourth quarter valued at $36,000. Mather Group LLC. boosted its stake 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 valued at $38,000 after acquiring an additional 5 shares during the last quarter. Finally, Asset Planning Inc purchased a new stake in First Citizens BancShares during the 4th quarter worth about $38,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.

First Citizens BancShares Trading Up 0.4 %

NASDAQ FCNCA opened at $1,851.20 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. First Citizens BancShares, Inc. has a one year low of $1,518.00 and a one year high of $2,412.93. The company’s 50 day moving average price is $2,052.67 and its 200 day moving average price is $2,054.85. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.94 and a beta of 0.81.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data on Friday, January 24th. The bank reported $45.10 EPS for the quarter, topping analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. On average, sell-side analysts predict that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Friday, February 28th. First Citizens BancShares’s payout ratio is 4.12%.

Analyst Upgrades and Downgrades

FCNCA has been the topic of several analyst reports. Citigroup cut shares of First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods raised their price objective on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Truist Financial raised their price target on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group lowered their price target on First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating for the company in a report on Tuesday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,288.08.

Insider Buying and Selling

In other First Citizens BancShares news, CFO Craig L. Nix acquired 17 shares of the company’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $1,881.13 per share, for a total transaction of $31,979.21. Following the acquisition, the chief financial officer now directly owns 1,141 shares of the company’s stock, valued at $2,146,369.33. This trade represents a 1.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.40% of the stock is currently owned by insiders.

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.