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

Private Capital Advisors Inc. decreased its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its position in shares of First Citizens BancShares by 17.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 218 shares of the bank’s stock valued at $367,000 after buying an additional 32 shares during the last quarter. Bank of Montreal Can lifted its stake in First Citizens BancShares by 33.7% during the 2nd quarter. Bank of Montreal Can now owns 29,949 shares of the bank’s stock valued at $50,674,000 after acquiring an additional 7,541 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of First Citizens BancShares by 60.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,943 shares of the bank’s stock valued at $3,271,000 after acquiring an additional 732 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of First Citizens BancShares in the second quarter worth approximately $12,394,000. Finally, Toronto Dominion Bank raised its holdings in shares of First Citizens BancShares by 3,577.5% during the second quarter. Toronto Dominion Bank now owns 35,010 shares of the bank’s stock valued at $58,943,000 after purchasing an additional 34,058 shares during the last quarter. 78.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FCNCA has been the topic of several research reports. The Goldman Sachs Group raised their target price on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group initiated coverage on First Citizens BancShares in a research note on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 price target on the stock. Citigroup cut First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods upgraded shares of First Citizens BancShares from a “market perform” rating to an “outperform” rating and set a $2,500.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on First Citizens BancShares in a research note on Monday, December 9th. They issued a “buy” rating and a $2,600.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2,290.75.

First Citizens BancShares Trading Down 0.1 %

FCNCA stock opened at $2,216.49 on Friday. The firm has a fifty day moving average price of $2,169.63 and a 200 day moving average price of $2,028.74. First Citizens BancShares, Inc. has a fifty-two week low of $1,383.00 and a fifty-two week high of $2,388.78. The firm has a market cap of $31.01 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.03 and a beta of 0.86. 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 (NASDAQ:FCNCA) last released its quarterly earnings results on Friday, January 24th. The bank reported $45.10 EPS for the quarter, topping the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. Sell-side analysts anticipate that First Citizens BancShares, Inc. will post 187.95 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given 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 dividend payout ratio is currently 4.47%.

First Citizens BancShares Company Profile

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.