200 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Bought by Compound Global Advisors LLC

Compound Global Advisors LLC purchased a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 200 shares of the bank's stock, valued at approximately $423,000. First Citizens BancShares comprises approximately 1.7% of Compound Global Advisors LLC's portfolio, making the stock its 25th biggest holding.

A number of other large investors have also bought and sold shares of the stock. Raymond James & Associates grew its stake in shares of First Citizens BancShares by 5.1% in the third quarter. Raymond James & Associates now owns 16,826 shares of the bank's stock worth $30,976,000 after purchasing an additional 811 shares during the last quarter. Balentine LLC purchased a new stake in First Citizens BancShares in the 3rd quarter worth approximately $3,564,000. Hiddenite Capital Partners LP lifted its holdings in First Citizens BancShares by 14.1% in the 3rd quarter. Hiddenite Capital Partners LP now owns 3,230 shares of the bank's stock worth $5,946,000 after buying an additional 400 shares during the period. Retireful LLC bought a new stake in shares of First Citizens BancShares in the 3rd quarter worth approximately $801,000. Finally, Oliver Luxxe Assets LLC increased its stake in shares of 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 buying an additional 537 shares during the period. 78.01% of the stock is owned by hedge funds and other institutional investors.

First Citizens BancShares Stock Performance

Shares of FCNCA traded up $34.47 on Friday, reaching $2,141.49. The company's stock had a trading volume of 34,868 shares, compared to its average volume of 68,331. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $29.96 billion, a P/E ratio of 11.30, a PEG ratio of 1.00 and a beta of 0.85. The stock's 50 day simple moving average is $2,143.80 and its two-hundred day simple moving average is $2,066.14. 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 - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. Research analysts forecast that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, February 28th. First Citizens BancShares's dividend payout ratio is currently 4.12%.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their price objective 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. Barclays raised 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. 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. JPMorgan Chase & Co. raised their price objective on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, StockNews.com raised shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Seven equities research analysts have rated the stock with a hold rating and seven have given 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 price target of $2,323.50.

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.