Farther Finance Advisors LLC Has $448,000 Stock Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Farther Finance Advisors LLC lifted its stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 360.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212 shares of the bank’s stock after purchasing an additional 166 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Citizens BancShares were worth $448,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FCNCA. Financial Life Planners acquired a new stake in shares of First Citizens BancShares during the 4th quarter worth $33,000. Hemington Wealth Management lifted its position in shares of First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock worth $33,000 after buying an additional 6 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of First Citizens BancShares during the 4th quarter worth $36,000. Mather Group LLC. lifted its position in shares of First Citizens BancShares by 38.5% during the 4th quarter. Mather Group LLC. now owns 18 shares of the bank’s stock worth $38,000 after buying an additional 5 shares during the last quarter. Finally, Asset Planning Inc bought a new stake in shares of First Citizens BancShares during the 4th quarter worth $38,000. 78.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other First Citizens BancShares news, CFO Craig L. Nix bought 17 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the completion of the purchase, the chief financial officer now directly owns 1,141 shares of the company’s stock, valued at approximately $2,146,369.33. This trade represents a 1.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 13.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on FCNCA shares. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Citigroup downgraded First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods upped their price objective on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Truist Financial upped their price objective on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their target price on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, First Citizens BancShares presently has an average rating of “Moderate Buy” and a consensus target price of $2,323.50.

First Citizens BancShares Trading Up 4.0 %

Shares of FCNCA stock opened at $1,807.49 on Monday. The stock has a market cap of $24.54 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.94 and a beta of 0.81. The stock has a 50-day moving average of $2,078.08 and a 200-day moving average of $2,061.30. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. First Citizens BancShares, Inc. has a 1-year low of $1,517.99 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. On average, equities research analysts forecast that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $1.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.43%. First Citizens BancShares’s dividend payout ratio is currently 4.12%.

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.