2,933 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,933 shares of the bank’s stock, valued at approximately $5,400,000.

A number of other large investors have also recently made changes to their positions in FCNCA. M&T Bank Corp grew its position in shares of First Citizens BancShares by 0.8% during the 3rd quarter. M&T Bank Corp now owns 607 shares of the bank’s stock valued at $1,117,000 after purchasing an additional 5 shares in the last quarter. Wedbush Securities Inc. lifted its position in First Citizens BancShares by 0.5% during the second quarter. Wedbush Securities Inc. now owns 1,199 shares of the bank’s stock valued at $2,019,000 after purchasing an additional 6 shares during the last quarter. Metis Global Partners LLC grew its position in First Citizens BancShares by 4.9% in the third quarter. Metis Global Partners LLC now owns 129 shares of the bank’s stock worth $237,000 after acquiring an additional 6 shares in the last quarter. HB Wealth Management LLC lifted its stake in First Citizens BancShares by 3.9% during the second quarter. HB Wealth Management LLC now owns 187 shares of the bank’s stock worth $315,000 after purchasing an additional 7 shares during the last quarter. Finally, Tandem Capital Management Corp ADV increased its position in shares of First Citizens BancShares by 1.8% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 459 shares of the bank’s stock valued at $845,000 after purchasing an additional 8 shares during the last quarter. 78.01% of the stock is owned by institutional investors.

First Citizens BancShares Trading Down 1.1 %

First Citizens BancShares stock opened at $2,074.88 on Friday. First Citizens BancShares, Inc. has a one year low of $1,363.97 and a one year high of $2,388.78. The business’s fifty day moving average is $2,110.72 and its 200 day moving average is $1,936.47. The stock has a market capitalization of $29.03 billion, a PE ratio of 11.89 and a beta of 0.83. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $47.40 by ($1.53). The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.36 billion. First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. During the same quarter in the prior year, the business posted $55.92 EPS. On average, sell-side analysts predict that First Citizens BancShares, Inc. will post 187.88 EPS for the current year.

First Citizens BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $1.95 dividend. This represents a $7.80 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, November 29th. This is a boost from First Citizens BancShares’s previous quarterly dividend of $1.64. First Citizens BancShares’s dividend payout ratio is 4.47%.

Analyst Ratings Changes

Several equities analysts recently commented on FCNCA shares. Citigroup raised shares of First Citizens BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday. StockNews.com raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Wedbush dropped their target price on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Keefe, Bruyette & Woods downgraded First Citizens BancShares from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $2,100.00 to $2,500.00 in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on First Citizens BancShares in a research report on Monday. They issued a “buy” rating and a $2,600.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,157.64.

First Citizens BancShares Company Profile

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.