Chicago Capital LLC Purchases New Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Chicago Capital LLC acquired a new position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 100 shares of the bank’s stock, valued at approximately $211,000.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in First Citizens BancShares in the third quarter valued at about $39,000. GAMMA Investing LLC raised its position in shares of First Citizens BancShares by 129.6% in the 3rd quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock valued at $114,000 after buying an additional 35 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of First Citizens BancShares by 2,100.0% during the 3rd quarter. Private Trust Co. NA now owns 88 shares of the bank’s stock worth $162,000 after acquiring an additional 84 shares during the period. UMB Bank n.a. acquired a new stake in shares of First Citizens BancShares during the 3rd quarter worth approximately $177,000. Finally, nVerses Capital LLC bought a new position in First Citizens BancShares in the third quarter valued at approximately $184,000. Institutional investors own 78.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their target price on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft initiated coverage on First Citizens BancShares in a research report on Monday, December 9th. They issued a “buy” rating and a $2,600.00 target price on the stock. Truist Financial boosted their target price on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup cut shares of First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, First Citizens BancShares currently has an average rating of “Moderate Buy” and a consensus price target of $2,323.50.

First Citizens BancShares Stock Down 2.8 %

Shares of NASDAQ:FCNCA opened at $2,142.01 on Tuesday. The firm has a market cap of $29.97 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.00 and a beta of 0.85. First Citizens BancShares, Inc. has a 12-month low of $1,438.08 and a 12-month high of $2,412.93. The business has a fifty day simple moving average of $2,160.31 and a 200 day simple moving average of $2,054.63. 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 issued its quarterly earnings data on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. Analysts predict that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $1.95 dividend. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Friday, February 28th. First Citizens BancShares’s dividend payout ratio is currently 4.12%.

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.