Symmetry Partners LLC Purchases Shares of 310 First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Symmetry Partners LLC purchased a new stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCAGet Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 310 shares of the bank’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCNCA. Amitell Capital Pte Ltd purchased a new stake in shares of First Citizens BancShares during the first quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new stake in shares of First Citizens BancShares during the first quarter valued at approximately $27,000. CWM LLC purchased a new stake in shares of First Citizens BancShares during the first quarter valued at approximately $28,000. Point72 Hong Kong Ltd purchased a new stake in shares of First Citizens BancShares during the fourth quarter valued at approximately $37,000. Finally, TCI Wealth Advisors Inc. raised its stake in shares of First Citizens BancShares by 880.0% during the first quarter. TCI Wealth Advisors Inc. now owns 49 shares of the bank’s stock valued at $33,000 after purchasing an additional 44 shares during the period. 66.91% of the stock is owned by institutional investors and hedge funds.

First Citizens BancShares Trading Down 2.8 %

FCNCA opened at $826.59 on Monday. The firm has a market capitalization of $13.23 billion, a P/E ratio of 14.81 and a beta of 1.04. The firm’s 50 day moving average is $785.01 and its 200-day moving average is $708.23. First Citizens BancShares, Inc. has a 52-week low of $598.01 and a 52-week high of $947.71. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.27.

First Citizens BancShares (NASDAQ:FCNCAGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $16.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $13.77 by $3.09. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $15.09 earnings per share. Analysts expect that First Citizens BancShares, Inc. will post 76.29 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a $0.47 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 3.37%.

Insider Buying and Selling

In related news, insider Marisa Harney sold 657 shares of First Citizens BancShares stock in a transaction 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 sale, the insider now owns 1,011 shares in the company, valued at $851,595.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.40% of the company’s stock.

First Citizens BancShares 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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