Tradewinds LLC. Invests $5.35 Million in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Tradewinds LLC. acquired a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,473 shares of the bank's stock, valued at approximately $5,347,000. First Citizens BancShares accounts for about 1.5% of Tradewinds LLC.'s portfolio, making the stock its 21st largest position.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Truist Financial increased their target price on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their price target on First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Barclays increased their price objective on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the stock an "equal weight" rating in a research note on Monday, January 27th. Finally, StockNews.com raised shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $2,288.08.

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First Citizens BancShares Trading Down 3.7 %

Shares of FCNCA stock traded down $60.85 during mid-day trading on Friday, reaching $1,571.21. 259,608 shares of the stock traded hands, compared to its average volume of 80,943. The company has a market cap of $21.33 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66. 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 stock's fifty day simple moving average is $1,991.87 and its two-hundred day simple moving average is $2,051.38. First Citizens BancShares, Inc. has a 1-year low of $1,473.62 and a 1-year high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The bank reported $45.10 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%. On average, research analysts anticipate that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $1.95 per share. The ex-dividend date was Friday, February 28th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.50%. First Citizens BancShares's dividend payout ratio (DPR) is 4.12%.

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, CFO Craig L. Nix bought 17 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $1,881.13 per share, for a total transaction of $31,979.21. Following the transaction, the chief financial officer now directly owns 1,141 shares in the company, valued at approximately $2,146,369.33. This trade represents a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.19% of the stock is owned by corporate insiders.

First Citizens BancShares 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.