First Citizens BancShares, Inc. (NASDAQ:FCNCA – Get Free Report) Director Ellen R. Alemany sold 516 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1,750.00, for a total value of $903,000.00. Following the completion of the sale, the director now directly owns 819 shares of the company’s stock, valued at approximately $1,433,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
First Citizens BancShares Stock Down 0.8 %
FCNCA stock opened at $1,712.33 on Wednesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 9.51 and a beta of 0.86. The business’s 50 day moving average price is $1,606.26 and its two-hundred day moving average price is $1,498.75. First Citizens BancShares, Inc. has a fifty-two week low of $1,042.69 and a fifty-two week high of $1,810.03.
First Citizens BancShares Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $1.64 dividend. The ex-dividend date is Thursday, May 30th. This represents a $6.56 annualized dividend and a dividend yield of 0.38%. First Citizens BancShares’s payout ratio is currently 3.64%.
Institutional Trading of First Citizens BancShares
Analyst Ratings Changes
FCNCA has been the subject of a number of recent research reports. DA Davidson reissued a “neutral” rating and issued a $1,650.00 target price (up previously from $1,600.00) on shares of First Citizens BancShares in a research note on Monday, April 15th. Barclays upped their price target on First Citizens BancShares from $1,850.00 to $1,950.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Wedbush reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of First Citizens BancShares in a research report on Monday, January 29th. StockNews.com raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, The Goldman Sachs Group started coverage on First Citizens BancShares in a research report on Thursday, March 21st. They set a “buy” rating and a $1,950.00 price target for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,829.90.
Get Our Latest Research Report on FCNCA
About First Citizens BancShares
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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