4,017 Shares in First Citizens BancShares, Inc. $FCNCA Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,017 shares of the bank’s stock, valued at approximately $7,187,000.

A number of other hedge funds have also bought and sold shares of FCNCA. Citigroup Inc. boosted its position in shares of First Citizens BancShares by 23.4% during the third quarter. Citigroup Inc. now owns 16,938 shares of the bank’s stock valued at $30,305,000 after buying an additional 3,215 shares during the period. AlphaQuest LLC lifted its stake in shares of First Citizens BancShares by 577.7% during the 3rd quarter. AlphaQuest LLC now owns 759 shares of the bank’s stock worth $1,358,000 after acquiring an additional 647 shares during the last quarter. Founders Financial Alliance LLC lifted its stake in shares of First Citizens BancShares by 484.7% during the 3rd quarter. Founders Financial Alliance LLC now owns 1,532 shares of the bank’s stock worth $2,742,000 after acquiring an additional 1,270 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in First Citizens BancShares during the 3rd quarter valued at $415,000. Finally, Thrivent Financial for Lutherans boosted its holdings in First Citizens BancShares by 8.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 43,787 shares of the bank’s stock valued at $78,341,000 after acquiring an additional 3,587 shares during the period. Institutional investors own 78.01% of the company’s stock.

First Citizens BancShares Price Performance

Shares of FCNCA stock opened at $1,768.04 on Monday. First Citizens BancShares, Inc. has a twelve month low of $1,473.62 and a twelve month high of $2,232.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.72. The stock has a fifty day simple moving average of $2,048.46 and a two-hundred day simple moving average of $1,953.45. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 10.67 and a beta of 0.68.

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

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $2.10 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $8.40 dividend on an annualized basis and a yield of 0.5%. First Citizens BancShares’s dividend payout ratio (DPR) is 5.07%.

Analyst Ratings Changes

FCNCA has been the topic of a number of recent analyst reports. Raymond James Financial upgraded First Citizens BancShares from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $2,100.00 to $2,200.00 in a research note on Thursday, November 20th. Citigroup reissued a “buy” rating on shares of First Citizens BancShares in a research note on Monday, January 26th. TD Cowen cut their price target on shares of First Citizens BancShares from $2,600.00 to $2,500.00 and set a “buy” rating on the stock in a report on Monday, January 26th. The Goldman Sachs Group lowered shares of First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,300.00 price objective for the company. in a report on Tuesday, January 6th. Finally, Zacks Research cut shares of First Citizens BancShares from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. One equities research 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 company’s stock. Based on data from MarketBeat, First Citizens BancShares presently has an average rating of “Moderate Buy” and an average price target of $2,238.27.

About First Citizens BancShares

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.