101 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Purchased by PFW Advisors LLC

PFW Advisors LLC bought a new stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 101 shares of the bank’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of First Citizens BancShares by 3,577.5% during the 2nd quarter. Toronto Dominion Bank now owns 35,010 shares of the bank’s stock worth $58,943,000 after buying an additional 34,058 shares in the last quarter. FMR LLC increased its position in shares of First Citizens BancShares by 11.6% during the 3rd quarter. FMR LLC now owns 323,532 shares of the bank’s stock valued at $595,607,000 after purchasing an additional 33,713 shares during the period. Zurich Insurance Group Ltd FI raised its stake in shares of First Citizens BancShares by 225.2% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 42,159 shares of the bank’s stock worth $70,979,000 after buying an additional 29,194 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of First Citizens BancShares by 183,992.3% in the third quarter. International Assets Investment Management LLC now owns 23,932 shares of the bank’s stock valued at $440,580,000 after buying an additional 23,919 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in First Citizens BancShares by 6,773.9% during the second quarter. Thrivent Financial for Lutherans now owns 23,921 shares of the bank’s stock valued at $40,274,000 after buying an additional 23,573 shares in the last quarter. Institutional investors own 78.01% of the company’s stock.

First Citizens BancShares Price Performance

FCNCA stock traded up $21.81 during trading on Monday, hitting $2,085.61. The company had a trading volume of 67,901 shares, compared to its average volume of 66,228. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. The company has a fifty day moving average price of $2,161.81 and a two-hundred day moving average price of $2,004.66. First Citizens BancShares, Inc. has a fifty-two week low of $1,363.97 and a fifty-two week high of $2,388.78. The company has a market cap of $29.18 billion, a P/E ratio of 11.95 and a beta of 0.86.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $45.87 EPS for the quarter, missing analysts’ consensus estimates of $47.40 by ($1.53). First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm posted $55.92 EPS. Equities research analysts expect that First Citizens BancShares, Inc. will post 188.21 earnings per share for the current fiscal year.

First Citizens BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $1.95 dividend. The ex-dividend date was Friday, November 29th. This is a boost from First Citizens BancShares’s previous quarterly dividend of $1.64. This represents a $7.80 dividend on an annualized basis and a yield of 0.37%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.47%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods cut shares of First Citizens BancShares from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2,100.00 to $2,500.00 in a research report on Wednesday, December 4th. Citigroup downgraded First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. StockNews.com lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of First Citizens BancShares in a research report on Monday, December 9th. They set a “buy” rating and a $2,600.00 price objective on the stock. Finally, Barclays increased their target price on shares of First Citizens BancShares from $2,250.00 to $2,456.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2,290.75.

About First Citizens BancShares

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.