Venturi Wealth Management LLC Purchases 20 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Venturi Wealth Management LLC lifted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213 shares of the bank’s stock after buying an additional 20 shares during the period. Venturi Wealth Management LLC’s holdings in First Citizens BancShares were worth $450,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Financial Life Planners bought a new position in First Citizens BancShares during the 4th quarter worth about $33,000. Hemington Wealth Management increased its holdings in 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 purchasing an additional 6 shares in the last quarter. Mather Group LLC. increased its holdings in 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 purchasing an additional 5 shares in the last quarter. Asset Planning Inc bought a new position in First Citizens BancShares during the 4th quarter worth about $38,000. Finally, Brooklyn Investment Group bought a new position in First Citizens BancShares during the 3rd quarter worth about $39,000. Institutional investors own 78.01% of the company’s stock.

First Citizens BancShares Trading Down 0.4 %

Shares of FCNCA stock opened at $2,156.78 on Thursday. The firm has a 50 day moving average price of $2,145.69 and a two-hundred day moving average price of $2,068.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $30.17 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85. First Citizens BancShares, Inc. has a 12-month low of $1,475.85 and a 12-month high of $2,412.93.

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 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, analysts predict that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $1.95 per share. The ex-dividend date is Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.36%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.12%.

Analysts Set New Price Targets

A number of research firms have issued reports on FCNCA. UBS Group began coverage on First Citizens BancShares in a report on Tuesday, December 17th. They set a “buy” rating and a $2,700.00 target price for the company. Wedbush decreased their price objective on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays raised their price objective on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods raised their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on First Citizens BancShares in a report on Monday, December 9th. They issued a “buy” rating and a $2,600.00 price objective for the company. Seven 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 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.