Corient Private Wealth LLC Has $2.38 Million Stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Corient Private Wealth LLC grew its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCAFree Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,675 shares of the bank’s stock after acquiring an additional 89 shares during the quarter. Corient Private Wealth LLC’s holdings in First Citizens BancShares were worth $2,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake in First Citizens BancShares by 83.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,212 shares of the bank’s stock worth $21,586,000 after acquiring an additional 6,931 shares in the last quarter. Balentine LLC raised its position in First Citizens BancShares by 8.7% in the 4th quarter. Balentine LLC now owns 199 shares of the bank’s stock valued at $282,000 after buying an additional 16 shares during the last quarter. Coldstream Capital Management Inc. raised its position in First Citizens BancShares by 51.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 257 shares of the bank’s stock valued at $365,000 after buying an additional 87 shares during the last quarter. PNC Financial Services Group Inc. raised its position in First Citizens BancShares by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 832 shares of the bank’s stock valued at $1,181,000 after buying an additional 34 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in First Citizens BancShares by 10.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,236 shares of the bank’s stock valued at $17,363,000 after buying an additional 1,176 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, Director Ellen R. Alemany sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $1,559.09, for a total transaction of $935,454.00. Following the sale, the director now directly owns 4,842 shares in the company, valued at $7,549,113.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Ellen R. Alemany sold 1,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $1,757.27, for a total transaction of $1,757,270.00. Following the transaction, the director now directly owns 1,335 shares in the company, valued at approximately $2,345,955.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen R. Alemany sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $1,559.09, for a total value of $935,454.00. Following the transaction, the director now owns 4,842 shares of the company’s stock, valued at approximately $7,549,113.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,600 shares of company stock valued at $6,209,022. 13.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

FCNCA has been the subject of a number of recent analyst reports. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Barclays upped their price objective on First Citizens BancShares from $1,850.00 to $1,950.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $2,100.00 price target (up previously from $1,900.00) on shares of First Citizens BancShares in a research note on Friday, April 26th. The Goldman Sachs Group assumed coverage on First Citizens BancShares in a research note on Thursday, March 21st. They issued a “buy” rating and a $1,950.00 target price for the company. Finally, DA Davidson restated 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. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,829.90.

Read Our Latest Analysis on First Citizens BancShares

First Citizens BancShares Stock Performance

Shares of NASDAQ FCNCA opened at $1,725.00 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.77. First Citizens BancShares, Inc. has a 12-month low of $1,181.71 and a 12-month high of $1,810.03. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 9.58 and a beta of 0.86. The firm has a 50 day moving average of $1,669.53 and a 200 day moving average of $1,540.23.

First Citizens BancShares (NASDAQ:FCNCAGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $52.92 earnings per share for the quarter, beating analysts’ consensus estimates of $44.27 by $8.65. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.30 billion. First Citizens BancShares had a return on equity of 15.48% and a net margin of 18.22%. On average, research analysts anticipate that First Citizens BancShares, Inc. will post 188.62 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $6.56 dividend on an annualized basis and a dividend yield of 0.38%. First Citizens BancShares’s payout ratio is 3.64%.

First Citizens BancShares Company Profile

(Free Report)

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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