Hemington Wealth Management Has $33,000 Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Hemington Wealth Management grew its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 60.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16 shares of the bank’s stock after purchasing an additional 6 shares during the period. Hemington Wealth Management’s holdings in First Citizens BancShares were worth $33,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in shares of First Citizens BancShares by 4.5% during the third quarter. Creative Planning now owns 1,138 shares of the bank’s stock worth $2,095,000 after purchasing an additional 49 shares during the period. SeaCrest Wealth Management LLC increased its stake in First Citizens BancShares by 7.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 177 shares of the bank’s stock worth $326,000 after purchasing an additional 12 shares in the last quarter. nVerses Capital LLC acquired a new stake in First Citizens BancShares during the 3rd quarter worth approximately $184,000. Stonegate Investment Group LLC lifted its stake in First Citizens BancShares by 42.8% in the third quarter. Stonegate Investment Group LLC now owns 267 shares of the bank’s stock valued at $492,000 after buying an additional 80 shares in the last quarter. Finally, Generate Investment Management Ltd boosted its holdings in shares of First Citizens BancShares by 21.3% in the third quarter. Generate Investment Management Ltd now owns 15,649 shares of the bank’s stock valued at $28,809,000 after buying an additional 2,746 shares during the period. 78.01% of the stock is owned by institutional investors.

First Citizens BancShares Price Performance

Shares of FCNCA opened at $2,107.02 on Friday. 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’s fifty day simple moving average is $2,146.68 and its 200 day simple moving average is $2,065.53. First Citizens BancShares, Inc. has a 1-year low of $1,467.51 and a 1-year high of $2,412.93. The company has a market cap of $29.48 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.00 and a beta of 0.85.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data 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%. On average, research analysts forecast that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $1.95 dividend. The ex-dividend date is Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.37%. First Citizens BancShares’s dividend payout ratio is 4.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of First Citizens BancShares in a research report on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 price objective on the stock. Citigroup lowered First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their price objective on 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. Barclays boosted 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 note on Monday, January 27th. Finally, Wedbush decreased their price target 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,323.50.

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.