First Citizens BancShares, Inc. (NASDAQ:FCNCA) Position Increased by Stephens Inc. AR

Stephens Inc. AR grew its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,320 shares of the bank’s stock after buying an additional 5 shares during the quarter. Stephens Inc. AR’s holdings in First Citizens BancShares were worth $7,015,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in First Citizens BancShares by 129.6% during the third quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock valued at $114,000 after buying an additional 35 shares during the period. UMB Bank n.a. acquired a new stake in shares of First Citizens BancShares during the third quarter worth approximately $177,000. Oliver Luxxe Assets LLC grew its position in First Citizens BancShares by 22.6% during the third quarter. Oliver Luxxe Assets LLC now owns 2,916 shares of the bank’s stock valued at $5,368,000 after purchasing an additional 537 shares in the last quarter. Affinity Wealth Management LLC lifted its position in First Citizens BancShares by 116.4% in the 3rd quarter. Affinity Wealth Management LLC now owns 448 shares of the bank’s stock worth $825,000 after buying an additional 241 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of First Citizens BancShares by 4.5% during the 3rd quarter. Creative Planning now owns 1,138 shares of the bank’s stock valued at $2,095,000 after buying an additional 49 shares during the period. 78.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FCNCA shares. The Goldman Sachs Group lifted their price objective on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. StockNews.com raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. JPMorgan Chase & Co. increased their price objective on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Wedbush reduced their target price on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their price target on shares of First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, First Citizens BancShares currently has an average rating of “Moderate Buy” and a consensus target price of $2,323.50.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCA opened at $2,218.40 on Monday. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.00 and a beta of 0.85. The business has a 50 day moving average price of $2,150.58 and a 200 day moving average price of $2,064.06. 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, Inc. has a twelve month low of $1,460.76 and a twelve month high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings results on Friday, January 24th. The bank reported $45.10 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%. Research 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Friday, February 28th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 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.