Barclays PLC Acquires 1,300 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Barclays PLC boosted its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,495 shares of the bank's stock after purchasing an additional 1,300 shares during the quarter. Barclays PLC owned approximately 0.06% of First Citizens BancShares worth $17,949,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. grew its stake in First Citizens BancShares by 38.5% in the 4th quarter. Mather Group LLC. now owns 18 shares of the bank's stock worth $38,000 after acquiring an additional 5 shares during the period. Private Advisor Group LLC raised its position in First Citizens BancShares by 3.0% in the fourth quarter. Private Advisor Group LLC now owns 172 shares of the bank's stock valued at $363,000 after purchasing an additional 5 shares during the period. Exencial Wealth Advisors LLC lifted its position in First Citizens BancShares by 1.2% during the 4th quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank's stock worth $904,000 after acquiring an additional 5 shares in the last quarter. Hemington Wealth Management boosted its holdings in First Citizens BancShares by 60.0% in the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank's stock worth $33,000 after acquiring an additional 6 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in First Citizens BancShares by 0.3% in the 4th quarter. Sanctuary Advisors LLC now owns 2,309 shares of the bank's stock worth $5,122,000 after acquiring an additional 6 shares during the period. 78.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FCNCA has been the topic of a number of recent research reports. Piper Sandler raised shares of First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 target price on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. boosted their price objective on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their target price 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. StockNews.com upgraded First Citizens BancShares from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Finally, Truist Financial raised their price objective on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,330.82.

Insider Buying and Selling at First Citizens BancShares

In related news, CFO Craig L. Nix purchased 17 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $1,881.13 per share, for a total transaction of $31,979.21. Following the completion of the acquisition, the chief financial officer now owns 1,141 shares in the company, valued at $2,146,369.33. This trade represents a 1.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.19% of the company's stock.

First Citizens BancShares Trading Down 0.2 %

Shares of NASDAQ FCNCA traded down $3.30 during mid-day trading on Friday, hitting $1,787.35. 34,432 shares of the company traded hands, compared to its average volume of 89,409. 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, Inc. has a 1 year low of $1,473.62 and a 1 year high of $2,412.93. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.94 and a beta of 0.66. The business has a 50 day moving average of $1,824.27 and a two-hundred day moving average of $2,025.79.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $37.79 EPS for the quarter, beating analysts' consensus estimates of $37.72 by $0.07. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.22 billion. On average, sell-side analysts anticipate that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a yield of 0.44%. First Citizens BancShares's dividend payout ratio (DPR) is currently 4.12%.

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.