4,429 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,429 shares of the bank's stock, valued at approximately $9,359,000. First Citizens BancShares makes up about 0.4% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' portfolio, making the stock its 26th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of First Citizens BancShares by 4.5% during the third quarter. Creative Planning now owns 1,138 shares of the bank's stock worth $2,095,000 after buying an additional 49 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of First Citizens BancShares by 7.3% during the third quarter. SeaCrest Wealth Management LLC now owns 177 shares of the bank's stock worth $326,000 after buying an additional 12 shares during the period. nVerses Capital LLC acquired a new stake in shares of First Citizens BancShares during the third quarter worth $184,000. Stonegate Investment Group LLC lifted its stake in shares of First Citizens BancShares by 42.8% during the third quarter. Stonegate Investment Group LLC now owns 267 shares of the bank's stock worth $492,000 after buying an additional 80 shares during the period. Finally, Generate Investment Management Ltd lifted its stake in shares of First Citizens BancShares by 21.3% during the third quarter. Generate Investment Management Ltd now owns 15,649 shares of the bank's stock worth $28,809,000 after buying an additional 2,746 shares during the period. 78.01% of the stock is currently owned by institutional investors and hedge funds.

First Citizens BancShares Trading Up 1.6 %

NASDAQ:FCNCA traded up $34.47 on Friday, hitting $2,141.49. The stock had a trading volume of 34,868 shares, compared to its average volume of 70,091. 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 has a market cap of $29.96 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.00 and a beta of 0.85. The company has a fifty day moving average price of $2,143.80 and a two-hundred day moving average price of $2,065.70. First Citizens BancShares, Inc. has a 1-year low of $1,475.85 and a 1-year high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, beating the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. Equities research analysts expect that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FCNCA. Wedbush decreased their target price on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Barclays boosted their target price on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an "equal weight" rating in a research report on Monday, January 27th. Citigroup downgraded shares of First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Truist Financial boosted their target price on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,323.50.

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.