Toth Financial Advisory Corp Has $113,000 Stock Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Toth Financial Advisory Corp lowered its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCAFree Report) by 86.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69 shares of the bank’s stock after selling 451 shares during the quarter. Toth Financial Advisory Corp’s holdings in First Citizens BancShares were worth $113,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of First Citizens BancShares by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,017,655 shares of the bank’s stock valued at $1,444,022,000 after buying an additional 6,906 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of First Citizens BancShares by 5.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 262,267 shares of the bank’s stock valued at $361,956,000 after buying an additional 13,658 shares in the last quarter. Wellington Management Group LLP increased its position in shares of First Citizens BancShares by 21.1% in the 4th quarter. Wellington Management Group LLP now owns 239,563 shares of the bank’s stock valued at $339,933,000 after buying an additional 41,793 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in First Citizens BancShares by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 186,822 shares of the bank’s stock worth $265,120,000 after purchasing an additional 534 shares in the last quarter. Finally, Norges Bank bought a new position in First Citizens BancShares during the 4th quarter worth about $180,039,000. Institutional investors own 61.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FCNCA shares. The Goldman Sachs Group started coverage on First Citizens BancShares in a report on Thursday, March 21st. They set a “buy” rating and a $1,950.00 target price for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $2,100.00 target price (up previously from $1,900.00) on shares of First Citizens BancShares in a report on Friday, April 26th. Piper Sandler cut First Citizens BancShares from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $1,850.00 to $1,950.00 in a report on Friday, April 26th. Barclays increased their target price on First Citizens BancShares from $1,850.00 to $1,950.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, DA Davidson reiterated a “neutral” rating and set a $1,650.00 target price (up previously from $1,600.00) on shares of First Citizens BancShares in a report on Monday, April 15th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,836.00.

View Our Latest Stock Analysis on First Citizens BancShares

First Citizens BancShares Trading Up 0.2 %

Shares of NASDAQ:FCNCA opened at $1,683.61 on Friday. First Citizens BancShares, Inc. has a 52-week low of $1,232.00 and a 52-week high of $1,810.03. The company has a market capitalization of $24.46 billion, a P/E ratio of 9.35 and a beta of 0.84. The company has a 50-day simple moving average of $1,701.66 and a 200 day simple moving average of $1,574.41. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 1.10.

First Citizens BancShares (NASDAQ:FCNCAGet Free Report) last issued its earnings results on Thursday, April 25th. The bank reported $52.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $44.27 by $8.65. First Citizens BancShares had a net margin of 18.22% and a return on equity of 15.48%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.30 billion. Sell-side analysts forecast that First Citizens BancShares, Inc. will post 188.62 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a $1.64 dividend. The ex-dividend date was Friday, May 31st. This represents a $6.56 annualized dividend and a yield of 0.39%. First Citizens BancShares’s dividend payout ratio (DPR) is currently 3.64%.

Insider Activity at First Citizens BancShares

In other First Citizens BancShares news, Director Ellen R. Alemany sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $1,766.24, for a total transaction of $1,766,240.00. Following the completion of the sale, the director now directly owns 2,335 shares in the company, valued at $4,124,170.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Ellen R. Alemany sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $1,766.24, for a total transaction of $1,766,240.00. Following the transaction, the director now directly owns 2,335 shares of the company’s stock, valued at $4,124,170.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen R. Alemany sold 516 shares of First Citizens BancShares stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1,750.00, for a total transaction of $903,000.00. Following the completion of the transaction, the director now directly owns 819 shares in the company, valued at $1,433,250. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,000 shares of company stock worth $5,273,568. Insiders own 13.40% of the company’s stock.

About First Citizens BancShares

(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.

Further Reading

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

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