Boston Partners lifted its position in shares of First Citizens BancShares Inc. (NASDAQ:FCNCA) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,192 shares of the bank’s stock after buying an additional 96 shares during the period. Boston Partners owned about 0.49% of First Citizens BancShares worth $27,795,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of First Citizens BancShares by 88.9% during the 4th quarter. Signaturefd LLC now owns 68 shares of the bank’s stock valued at $36,000 after buying an additional 32 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of First Citizens BancShares during the 3rd quarter valued at about $59,000. SG Americas Securities LLC purchased a new position in shares of First Citizens BancShares during the 4th quarter valued at about $127,000. Parallel Advisors LLC raised its holdings in shares of First Citizens BancShares by 10.7% during the 3rd quarter. Parallel Advisors LLC now owns 330 shares of the bank’s stock valued at $156,000 after buying an additional 32 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC purchased a new position in shares of First Citizens BancShares during the 4th quarter valued at about $212,000. 46.00% of the stock is currently owned by institutional investors.
FCNCA has been the topic of a number of analyst reports. ValuEngine cut First Citizens BancShares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 29th. BidaskClub cut First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Tuesday.
Shares of First Citizens BancShares stock opened at $532.88 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50 day simple moving average is $528.75 and its two-hundred day simple moving average is $495.21. The stock has a market capitalization of $5.72 billion, a P/E ratio of 12.98 and a beta of 1.14. First Citizens BancShares Inc. has a one year low of $381.50 and a one year high of $542.12.
First Citizens BancShares (NASDAQ:FCNCA) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $9.55 EPS for the quarter. The business had revenue of $431.52 million for the quarter. First Citizens BancShares had a return on equity of 12.86% and a net margin of 25.13%.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Monday, March 16th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.30%.
About First Citizens BancShares
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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