Anderson Hoagland & Co. Sells 18 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Anderson Hoagland & Co. cut its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,157 shares of the bank’s stock after selling 18 shares during the quarter. Anderson Hoagland & Co.’s holdings in First Citizens BancShares were worth $2,533,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of First Citizens BancShares in the third quarter valued at about $39,000. GAMMA Investing LLC raised its stake in shares of First Citizens BancShares by 129.6% in the third quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock worth $114,000 after acquiring an additional 35 shares during the last quarter. Quarry LP acquired a new position in shares of First Citizens BancShares during the second quarter worth approximately $126,000. Private Trust Co. NA grew its stake in shares of First Citizens BancShares by 2,100.0% during the third quarter. Private Trust Co. NA now owns 88 shares of the bank’s stock valued at $162,000 after purchasing an additional 84 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in First Citizens BancShares in the 3rd quarter worth approximately $177,000. 78.01% of the stock is owned by institutional investors.

First Citizens BancShares Trading Up 0.4 %

Shares of FCNCA stock opened at $2,225.00 on Friday. First Citizens BancShares, Inc. has a 12-month low of $1,383.00 and a 12-month high of $2,412.93. The company has a market capitalization of $31.13 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.03 and a beta of 0.86. The firm has a 50 day moving average price of $2,171.41 and a two-hundred day moving average price of $2,035.98. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings results on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, topping the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. As a group, analysts predict that First Citizens BancShares, Inc. will post 187.95 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $1.95 dividend. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.35%. First Citizens BancShares’s payout ratio is presently 4.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FCNCA shares. Truist Financial began coverage on First Citizens BancShares in a research report on Tuesday, January 7th. They issued a “hold” rating and a $2,303.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods upgraded shares of First Citizens BancShares from a “market perform” rating to an “outperform” rating and set a $2,500.00 target price on the stock in a research report on Tuesday, January 14th. StockNews.com lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Citizens BancShares in a research note on Monday, December 9th. They set a “buy” rating and a $2,600.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, First Citizens BancShares currently has a consensus rating of “Hold” and a consensus target price of $2,290.75.

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.