1,261 Shares in First Citizens BancShares, Inc. $FCNCA Acquired by LRT Capital Management LLC

LRT Capital Management LLC bought a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,261 shares of the bank’s stock, valued at approximately $2,706,000. First Citizens BancShares comprises about 2.3% of LRT Capital Management LLC’s portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also recently bought and sold shares of FCNCA. Hilton Head Capital Partners LLC acquired a new position in shares of First Citizens BancShares in the 4th quarter valued at $26,000. Harbor Investment Advisory LLC boosted its holdings in shares of First Citizens BancShares by 150.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 15 shares of the bank’s stock valued at $32,000 after purchasing an additional 9 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of First Citizens BancShares by 40.0% in the 3rd quarter. Fifth Third Bancorp now owns 21 shares of the bank’s stock valued at $38,000 after purchasing an additional 6 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of First Citizens BancShares by 50.0% in the 4th quarter. UMB Bank n.a. now owns 24 shares of the bank’s stock valued at $52,000 after purchasing an additional 8 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in shares of First Citizens BancShares in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

Insider Activity at First Citizens BancShares

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. bought 5,940 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $1,726.82 per share, with a total value of $10,257,310.80. Following the purchase, the chief executive officer owned 38,111 shares in the company, valued at approximately $65,810,837.02. The trade was a 18.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 7,288 shares of company stock valued at $12,725,768. Company insiders own 14.63% of the company’s stock.

First Citizens BancShares Stock Performance

Shares of FCNCA stock opened at $2,108.61 on Friday. The company’s fifty day simple moving average is $1,988.48 and its 200-day simple moving average is $2,008.21. First Citizens BancShares, Inc. has a 52 week low of $1,623.76 and a 52 week high of $2,232.21. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.67. The company has a market cap of $24.43 billion, a PE ratio of 12.13, a P/E/G ratio of 1.61 and a beta of 0.62.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Thursday, April 23rd. The bank reported $44.86 EPS for the quarter, beating analysts’ consensus estimates of $43.31 by $1.55. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the firm posted $37.79 EPS. As a group, equities research analysts anticipate that First Citizens BancShares, Inc. will post 177.84 EPS for the current year.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $2.10 dividend. This represents a $8.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th. First Citizens BancShares’s dividend payout ratio (DPR) is currently 4.83%.

Analyst Ratings Changes

FCNCA has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of First Citizens BancShares from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. TD Cowen decreased their price target on shares of First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Zacks Research upgraded shares of First Citizens BancShares from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of First Citizens BancShares from $2,375.00 to $2,300.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2,215.91.

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.