First Citizens BancShares Inc. (NASDAQ:FCNCA) VP Stephen E. Wakefield sold 3,341 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $50.54, for a total value of $168,854.14.
NASDAQ FCNCA traded up $7.00 during trading hours on Friday, hitting $475.00. The company’s stock had a trading volume of 27,602 shares, compared to its average volume of 45,245. First Citizens BancShares Inc. has a 52 week low of $355.18 and a 52 week high of $486.14. The company’s 50-day simple moving average is $461.53 and its two-hundred day simple moving average is $446.15. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $5.17 billion, a PE ratio of 12.37 and a beta of 1.16.
First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Tuesday, July 30th. The bank reported $10.56 EPS for the quarter. The firm had revenue of $434.22 million for the quarter. First Citizens BancShares had a net margin of 25.38% and a return on equity of 12.42%.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.34%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank purchased a new position in shares of First Citizens BancShares during the 1st quarter valued at $35,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of First Citizens BancShares by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 381 shares of the bank’s stock worth $172,000 after acquiring an additional 36 shares during the last quarter. Pettinga Financial Advisors LLC bought a new stake in shares of First Citizens BancShares during the 2nd quarter worth $218,000. Commonwealth Bank of Australia lifted its holdings in shares of First Citizens BancShares by 75.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 700 shares of the bank’s stock worth $315,000 after acquiring an additional 300 shares during the last quarter. Finally, CSat Investment Advisory L.P. bought a new stake in shares of First Citizens BancShares during the 2nd quarter worth $316,000. Institutional investors and hedge funds own 44.22% of the company’s stock.
Several brokerages have recently commented on FCNCA. BidaskClub upgraded First Citizens BancShares from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. ValuEngine cut shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
First Citizens BancShares Company Profile
First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.
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