American Trust Raises Stock Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

American Trust boosted its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCAGet Rating) by 61.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494 shares of the bank’s stock after purchasing an additional 188 shares during the period. American Trust’s holdings in First Citizens BancShares were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FCNCA. BlackRock Inc. raised its stake in shares of First Citizens BancShares by 89.6% in the 1st quarter. BlackRock Inc. now owns 1,423,199 shares of the bank’s stock valued at $947,281,000 after acquiring an additional 672,485 shares during the period. Vanguard Group Inc. raised its stake in shares of First Citizens BancShares by 106.0% in the 1st quarter. Vanguard Group Inc. now owns 1,105,554 shares of the bank’s stock valued at $735,855,000 after acquiring an additional 568,929 shares during the period. Egerton Capital UK LLP raised its stake in shares of First Citizens BancShares by 147.5% in the 1st quarter. Egerton Capital UK LLP now owns 837,088 shares of the bank’s stock valued at $557,166,000 after acquiring an additional 498,838 shares during the period. Wellington Management Group LLP raised its stake in shares of First Citizens BancShares by 30.9% in the 1st quarter. Wellington Management Group LLP now owns 594,276 shares of the bank’s stock valued at $395,550,000 after acquiring an additional 140,410 shares during the period. Finally, State Street Corp raised its stake in shares of First Citizens BancShares by 53.7% in the 1st quarter. State Street Corp now owns 402,593 shares of the bank’s stock valued at $267,966,000 after acquiring an additional 140,626 shares during the period. 66.91% of the stock is owned by hedge funds and other institutional investors.

First Citizens BancShares Price Performance

First Citizens BancShares stock opened at $826.59 on Monday. The company’s 50 day simple moving average is $785.01 and its 200-day simple moving average is $708.23. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 14.81 and a beta of 1.04. First Citizens BancShares, Inc. has a 1 year low of $598.01 and a 1 year high of $947.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.81 and a current ratio of 0.81.

First Citizens BancShares (NASDAQ:FCNCAGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The bank reported $16.86 earnings per share for the quarter, beating analysts’ consensus estimates of $13.77 by $3.09. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $949.33 million. First Citizens BancShares had a net margin of 20.83% and a return on equity of 11.47%. During the same quarter in the previous year, the business posted $15.09 earnings per share. As a group, equities research analysts expect that First Citizens BancShares, Inc. will post 76.29 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Tuesday, August 30th. First Citizens BancShares’s dividend payout ratio (DPR) is currently 3.37%.

Insider Activity at First Citizens BancShares

In related news, insider Marisa Harney sold 657 shares of First Citizens BancShares stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $842.33, for a total value of $553,410.81. Following the completion of the transaction, the insider now owns 1,011 shares in the company, valued at $851,595.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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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