Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Piper Sandler lowered their target price on shares of First Citizens BancShares from $1,000.00 to $900.00 in a research note on Friday, March 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Citizens BancShares currently has an average rating of “Buy” and a consensus price target of $964.00.
Shares of FCNCA opened at $620.12 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. First Citizens BancShares has a 12-month low of $610.67 and a 12-month high of $947.71. The firm has a 50-day moving average price of $693.47 and a 200 day moving average price of $782.79. The firm has a market capitalization of $9.91 billion, a P/E ratio of 11.51 and a beta of 1.10.
In other First Citizens BancShares news, Director Harold Lee Durham, Jr. bought 2,000 shares of the stock in a transaction dated Wednesday, February 23rd. The shares were acquired at an average cost of $24.60 per share, for a total transaction of $49,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider West Ludwig bought 150 shares of the stock in a transaction dated Thursday, February 24th. The shares were acquired at an average price of $725.86 per share, for a total transaction of $108,879.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 2,322 shares of company stock worth $287,021. 13.40% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in First Citizens BancShares by 8.2% in the 4th quarter. BlackRock Inc. now owns 750,714 shares of the bank’s stock valued at $622,971,000 after buying an additional 57,112 shares during the last quarter. Egerton Capital UK LLP boosted its position in shares of First Citizens BancShares by 95.2% during the 3rd quarter. Egerton Capital UK LLP now owns 271,253 shares of the bank’s stock worth $228,712,000 after purchasing an additional 132,283 shares in the last quarter. State Street Corp boosted its position in shares of First Citizens BancShares by 6.6% during the 4th quarter. State Street Corp now owns 261,967 shares of the bank’s stock worth $217,391,000 after purchasing an additional 16,262 shares in the last quarter. Invesco Ltd. boosted its position in shares of First Citizens BancShares by 101.3% during the 3rd quarter. Invesco Ltd. now owns 183,252 shares of the bank’s stock worth $154,513,000 after purchasing an additional 92,205 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of First Citizens BancShares by 4.5% during the 4th quarter. Ceredex Value Advisors LLC now owns 178,308 shares of the bank’s stock worth $147,967,000 after purchasing an additional 7,635 shares in the last quarter. Hedge funds and other institutional investors own 62.59% of the company’s stock.
About First Citizens BancShares (Get Rating)
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.
- Get a free copy of the StockNews.com research report on First Citizens BancShares (FCNCA)
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