US Bancorp DE grew its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA – Get Rating) by 16.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 821 shares of the bank’s stock after buying an additional 114 shares during the period. US Bancorp DE’s holdings in First Citizens BancShares were worth $656,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of FCNCA. Raymond James & Associates lifted its position in shares of First Citizens BancShares by 19.9% in the 1st quarter. Raymond James & Associates now owns 2,959 shares of the bank’s stock worth $1,970,000 after buying an additional 491 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in First Citizens BancShares in the first quarter worth about $207,000. Cetera Advisor Networks LLC lifted its holdings in First Citizens BancShares by 21.0% in the first quarter. Cetera Advisor Networks LLC now owns 513 shares of the bank’s stock worth $341,000 after acquiring an additional 89 shares during the last quarter. MetLife Investment Management LLC bought a new position in First Citizens BancShares in the first quarter worth about $162,000. Finally, Rhumbline Advisers lifted its holdings in shares of First Citizens BancShares by 60.4% in the 1st quarter. Rhumbline Advisers now owns 11,614 shares of the bank’s stock worth $7,730,000 after purchasing an additional 4,374 shares during the last quarter. Institutional investors own 66.53% of the company’s stock.
Insiders Place Their Bets
In other news, insider Jeffery L. Ward bought 1,600 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was purchased at an average cost of $19.93 per share, for a total transaction of $31,888.00. Following the completion of the transaction, the insider now directly owns 5,600 shares of the company’s stock, valued at approximately $111,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.40% of the stock is owned by insiders.
First Citizens BancShares Stock Performance
First Citizens BancShares (NASDAQ:FCNCA – Get Rating) last announced its earnings results on Thursday, October 27th. The bank reported $20.77 earnings per share for the quarter, beating the consensus estimate of $19.88 by $0.89. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.02 billion. First Citizens BancShares had a return on equity of 12.43% and a net margin of 21.12%. On average, analysts predict that First Citizens BancShares, Inc. will post 79.36 earnings per share for the current year.
First Citizens BancShares Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were paid a dividend of $0.75 per share. This is a boost from First Citizens BancShares’s previous quarterly dividend of $0.47. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Tuesday, November 29th. First Citizens BancShares’s payout ratio is currently 4.77%.
Analysts Set New Price Targets
FCNCA has been the topic of several recent research reports. DA Davidson downgraded First Citizens BancShares from a “buy” rating to a “neutral” rating and set a $950.00 price target on the stock. in a report on Thursday, October 6th. StockNews.com started coverage on First Citizens BancShares in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.
First Citizens BancShares Profile
First Citizens BancShares, Inc is a bank holding company, which provides retail and commercial banking services through its subsidiaries. The company operates under the following segments: General Banking, Commercial Banking, Rail, and Corporate. The General Banking delivers services to individuals through branch networks.
- Get a free copy of the StockNews.com research report on First Citizens BancShares (FCNCA)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for First Citizens BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Citizens BancShares and related companies with MarketBeat.com's FREE daily email newsletter.