40 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC acquired a new position in First Citizens BancShares, Inc. (NASDAQ:FCNCAGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 40 shares of the bank’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amitell Capital Pte Ltd purchased a new position in First Citizens BancShares in the first quarter worth $27,000. CWM LLC purchased a new position in First Citizens BancShares in the first quarter worth $28,000. TCI Wealth Advisors Inc. boosted its position in First Citizens BancShares by 880.0% in the first quarter. TCI Wealth Advisors Inc. now owns 49 shares of the bank’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in First Citizens BancShares in the first quarter worth $36,000. Finally, Point72 Hong Kong Ltd purchased a new position in First Citizens BancShares in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 66.91% of the company’s stock.

First Citizens BancShares Stock Down 2.8 %

Shares of NASDAQ FCNCA opened at $826.59 on Monday. First Citizens BancShares, Inc. has a one year low of $598.01 and a one year high of $947.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $785.01 and its 200-day moving average price is $708.23. The stock has a market capitalization of $13.23 billion, a PE ratio of 14.81 and a beta of 1.04.

First Citizens BancShares (NASDAQ:FCNCAGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The bank reported $16.86 EPS for the quarter, beating analysts’ consensus estimates of $13.77 by $3.09. First Citizens BancShares had a return on equity of 11.47% and a net margin of 20.83%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $949.33 million. During the same quarter in the prior year, the firm earned $15.09 EPS. On average, equities research analysts anticipate that First Citizens BancShares, Inc. will post 76.29 EPS for the current year.

First Citizens BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.23%. First Citizens BancShares’s dividend payout ratio is presently 3.37%.

Insider Activity

In related news, insider Marisa Harney sold 657 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $842.33, for a total transaction of $553,410.81. Following the sale, the insider now directly owns 1,011 shares in the company, valued at approximately $851,595.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.40% of the company’s stock.

First Citizens BancShares Company Profile

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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.

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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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