310 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 310 shares of the bank's stock, valued at approximately $655,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of First Citizens BancShares by 84.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,751 shares of the bank's stock valued at $2,948,000 after buying an additional 804 shares during the period. Commonwealth Equity Services LLC raised its holdings in First Citizens BancShares by 20.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 427 shares of the bank's stock worth $720,000 after purchasing an additional 72 shares during the last quarter. CIBC Asset Management Inc lifted its position in First Citizens BancShares by 39.5% during the 2nd quarter. CIBC Asset Management Inc now owns 477 shares of the bank's stock valued at $803,000 after purchasing an additional 135 shares during the period. TD Asset Management Inc boosted its stake in shares of First Citizens BancShares by 3.2% in the 2nd quarter. TD Asset Management Inc now owns 1,829 shares of the bank's stock valued at $3,079,000 after purchasing an additional 57 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of First Citizens BancShares by 17.7% during the 2nd quarter. National Bank of Canada FI now owns 73 shares of the bank's stock worth $124,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 78.01% of the company's stock.

First Citizens BancShares Stock Up 2.3 %

FCNCA stock traded up $48.06 during trading hours on Friday, reaching $2,150.62. 48,213 shares of the stock were exchanged, compared to its average volume of 48,356. The company has a market cap of $30.09 billion, a price-to-earnings ratio of 12.32 and a beta of 0.86. The firm's 50-day moving average is $2,145.56 and its 200-day moving average is $1,986.05. First Citizens BancShares, Inc. has a 12 month low of $1,363.97 and a 12 month high of $2,388.78. 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 (NASDAQ:FCNCA - Get Free Report) last released its earnings results on Thursday, October 24th. The bank reported $45.87 EPS for the quarter, missing the consensus estimate of $47.40 by ($1.53). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.36 billion. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. During the same quarter in the previous year, the firm posted $55.92 EPS. On average, equities research analysts expect that First Citizens BancShares, Inc. will post 187.88 earnings per share for the current year.

First Citizens BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $1.95 dividend. This is a positive change from First Citizens BancShares's previous quarterly dividend of $1.64. This represents a $7.80 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, November 29th. First Citizens BancShares's payout ratio is presently 4.47%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FCNCA shares. Citigroup lowered shares of First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 17th. UBS Group started coverage on First Citizens BancShares in a research report on Tuesday, December 17th. They issued a "buy" rating and a $2,700.00 price target on the stock. Wedbush dropped 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. The Goldman Sachs Group boosted their target price on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Citizens BancShares in a research report on Monday, December 9th. They issued a "buy" rating and a $2,600.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $2,243.64.

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.