B. Metzler seel. Sohn & Co. Holding AG Makes New $414,000 Investment in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 225 shares of the bank's stock, valued at approximately $414,000.

Several other institutional investors have also modified their holdings of the stock. LRI Investments LLC purchased a new position in First Citizens BancShares during the 1st quarter worth approximately $33,000. V Square Quantitative Management LLC acquired a new stake in First Citizens BancShares during the 2nd quarter worth $35,000. Gradient Investments LLC acquired a new stake in First Citizens BancShares during the 2nd quarter worth $52,000. GAMMA Investing LLC grew its position in First Citizens BancShares by 129.6% during the 3rd quarter. GAMMA Investing LLC now owns 62 shares of the bank's stock worth $114,000 after purchasing an additional 35 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in First Citizens BancShares by 120.0% in the second quarter. Blue Trust Inc. now owns 66 shares of the bank's stock valued at $108,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 61.18% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of First Citizens BancShares from $2,550.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Wedbush dropped their price target on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. StockNews.com raised shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Finally, Barclays lifted their price objective on First Citizens BancShares from $1,950.00 to $2,250.00 and gave the company an "equal weight" rating in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,025.90.

First Citizens BancShares Price Performance

Shares of FCNCA traded down $12.06 on Monday, reaching $2,341.02. The stock had a trading volume of 178,087 shares, compared to its average volume of 87,968. First Citizens BancShares, Inc. has a twelve month low of $1,363.97 and a twelve month high of $2,388.78. The firm has a market capitalization of $32.75 billion, a PE ratio of 13.41 and a beta of 0.80. The firm has a 50-day moving average of $2,016.00 and a 200 day moving average of $1,893.32. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share 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 analyst estimates 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 period last year, the company posted $55.92 EPS. Sell-side analysts expect that First Citizens BancShares, Inc. will post 187.88 EPS for the current year.

First Citizens BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.33%. This is a boost from First Citizens BancShares's previous quarterly dividend of $1.64. The ex-dividend date is Friday, November 29th. First Citizens BancShares's dividend payout ratio (DPR) is 3.76%.

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.