First Citizens BancShares, Inc. $FCNCA Shares Sold by Barclays PLC

Barclays PLC lessened its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 18.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,005 shares of the bank’s stock after selling 6,198 shares during the quarter. Barclays PLC owned 0.21% of First Citizens BancShares worth $48,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of First Citizens BancShares by 35.3% during the 2nd quarter. Allworth Financial LP now owns 23 shares of the bank’s stock worth $45,000 after buying an additional 6 shares in the last quarter. Personal CFO Solutions LLC raised its position in First Citizens BancShares by 4.0% in the second quarter. Personal CFO Solutions LLC now owns 156 shares of the bank’s stock worth $305,000 after acquiring an additional 6 shares in the last quarter. Alteri Wealth LLC lifted its holdings in First Citizens BancShares by 4.1% in the third quarter. Alteri Wealth LLC now owns 154 shares of the bank’s stock valued at $276,000 after acquiring an additional 6 shares during the period. Fifth Third Bancorp lifted its holdings in First Citizens BancShares by 40.0% in the third quarter. Fifth Third Bancorp now owns 21 shares of the bank’s stock valued at $38,000 after acquiring an additional 6 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of First Citizens BancShares by 0.6% during the 2nd quarter. Corient Private Wealth LLC now owns 1,049 shares of the bank’s stock worth $2,051,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 78.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FCNCA. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Citizens BancShares in a research note on Monday, December 29th. TD Cowen decreased their price target on First Citizens BancShares from $2,600.00 to $2,500.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Piper Sandler upped their price target on First Citizens BancShares from $2,000.00 to $2,100.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Citigroup reaffirmed a “buy” rating on shares of First Citizens BancShares in a report on Monday, January 26th. Finally, UBS Group set a $2,325.00 target price on First Citizens BancShares in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, First Citizens BancShares currently has an average rating of “Moderate Buy” and a consensus target price of $2,238.27.

First Citizens BancShares Trading Up 0.8%

First Citizens BancShares stock opened at $1,907.53 on Tuesday. The stock has a 50-day moving average price of $2,073.44 and a 200 day moving average price of $1,957.86. First Citizens BancShares, Inc. has a 52 week low of $1,473.62 and a 52 week high of $2,232.21. The stock has a market cap of $22.78 billion, a PE ratio of 11.51 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.72.

First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Friday, January 23rd. The bank reported $51.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $44.24 by $7.03. First Citizens BancShares had a net margin of 15.21% and a return on equity of 11.18%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. Equities research analysts predict that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $2.10 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio is presently 5.07%.

First Citizens BancShares Profile

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.