First Citizens BancShares, Inc. (NASDAQ:FCNCA) Stock Position Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the bank’s stock after purchasing an additional 100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in First Citizens BancShares were worth $8,452,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Impact Investors Inc bought a new stake in shares of First Citizens BancShares during the 4th quarter worth about $1,416,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of First Citizens BancShares by 3.0% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 3,415 shares of the bank’s stock worth $7,216,000 after buying an additional 100 shares in the last quarter. Transcend Capital Advisors LLC raised its position in shares of First Citizens BancShares by 4.7% during the 4th quarter. Transcend Capital Advisors LLC now owns 180 shares of the bank’s stock worth $380,000 after buying an additional 8 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of First Citizens BancShares during the 4th quarter worth about $634,000. Finally, First Bank & Trust raised its position in shares of First Citizens BancShares by 9.2% during the 4th quarter. First Bank & Trust now owns 273 shares of the bank’s stock worth $577,000 after buying an additional 23 shares in the last quarter. 78.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on FCNCA. UBS Group began coverage on shares of First Citizens BancShares in a research report on Tuesday, December 17th. They set a “buy” rating and a $2,700.00 price target on the stock. Barclays boosted their target price on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the stock an “equal weight” rating in a report on Monday, January 27th. The Goldman Sachs Group boosted their target price on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,323.50.

First Citizens BancShares Stock Performance

First Citizens BancShares stock opened at $2,048.06 on Friday. The firm’s 50 day simple moving average is $2,140.71 and its 200-day simple moving average is $2,071.80. The company has a market cap of $28.65 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 0.94 and a beta of 0.85. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. First Citizens BancShares, Inc. has a fifty-two week low of $1,505.73 and a fifty-two week high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, topping the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. As a group, equities research analysts predict that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

The business also recently disclosed 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 0.38%. The ex-dividend date of this dividend is Friday, February 28th. First Citizens BancShares’s payout ratio 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.