Kestra Advisory Services LLC Invests $204,000 in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Kestra Advisory Services LLC bought a new stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCAGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 307 shares of the bank’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in First Citizens BancShares during the first quarter valued at approximately $6,621,000. Allspring Global Investments Holdings LLC acquired a new stake in First Citizens BancShares during the fourth quarter valued at approximately $83,387,000. Davidson Kempner Capital Management LP lifted its position in shares of First Citizens BancShares by 147.2% in the 4th quarter. Davidson Kempner Capital Management LP now owns 60,084 shares of the bank’s stock valued at $49,735,000 after acquiring an additional 35,777 shares in the last quarter. Buckingham Strategic Partners purchased a new stake in shares of First Citizens BancShares in the 4th quarter valued at approximately $1,025,000. Finally, American Trust purchased a new stake in shares of First Citizens BancShares in the 4th quarter valued at approximately $254,000. 39.07% of the stock is owned by institutional investors and hedge funds.

First Citizens BancShares Stock Down 2.3 %

First Citizens BancShares stock opened at $700.72 on Wednesday. The firm has a market cap of $11.21 billion, a PE ratio of 12.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s 50 day moving average price is $668.96 and its two-hundred day moving average price is $706.59. First Citizens BancShares, Inc. has a twelve month low of $598.01 and a twelve month high of $947.71.

First Citizens BancShares (NASDAQ:FCNCAGet Rating) last released its quarterly earnings data on Thursday, April 28th. The bank reported $16.70 earnings per share for the quarter, beating the consensus estimate of $13.48 by $3.22. First Citizens BancShares had a net margin of 22.17% and a return on equity of 11.95%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $14.53 EPS. On average, research analysts predict that First Citizens BancShares, Inc. will post 63.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th.

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, CFO Craig L. Nix purchased 300 shares of the company’s stock in a transaction dated Friday, April 29th. The shares were bought at an average price of $658.96 per share, for a total transaction of $197,688.00. Following the purchase, the chief financial officer now directly owns 805 shares in the company, valued at approximately $530,462.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Craig L. Nix acquired 300 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was acquired at an average cost of $658.96 per share, with a total value of $197,688.00. Following the acquisition, the chief financial officer now owns 805 shares in the company, valued at $530,462.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert T. Newcomb acquired 750 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $669.55 per share, with a total value of $502,162.50. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at approximately $669,550. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,318 shares of company stock worth $891,448 in the last 90 days. 13.40% of the stock is owned by insiders.

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.

See Also

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

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