Ceredex Value Advisors LLC Sells 4,310 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Ceredex Value Advisors LLC cut its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,760 shares of the bank's stock after selling 4,310 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.13% of First Citizens BancShares worth $37,527,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FCNCA. Financial Life Planners acquired a new stake in First Citizens BancShares during the fourth quarter worth about $33,000. Hemington Wealth Management grew its holdings in shares of First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank's stock worth $33,000 after purchasing an additional 6 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of First Citizens BancShares during the fourth quarter valued at approximately $36,000. Mather Group LLC. raised 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 purchasing an additional 5 shares in the last quarter. Finally, Asset Planning Inc bought a new position in First Citizens BancShares in the fourth quarter worth $38,000. Institutional investors own 78.01% of the company's stock.

Insider Buying and Selling at First Citizens BancShares

In other First Citizens BancShares news, CFO Craig L. Nix acquired 17 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the completion of the transaction, the chief financial officer now directly 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 SEC, which can be accessed through the SEC website. Insiders own 13.40% of the company's stock.

First Citizens BancShares Trading Down 2.3 %

Shares of NASDAQ FCNCA traded down $38.78 during mid-day trading on Monday, hitting $1,677.84. The company's stock had a trading volume of 36,205 shares, compared to its average volume of 89,003. The company's fifty day simple moving average is $1,854.94 and its 200-day simple moving average is $2,032.54. First Citizens BancShares, Inc. has a one year low of $1,473.62 and a one year high of $2,412.93. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66. 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 quarterly earnings data on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on FCNCA. JPMorgan Chase & Co. raised 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. Truist Financial raised their price target on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group lowered their price objective on First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Barclays raised their target price on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the stock an "equal weight" rating in a research report on Monday, January 27th. Finally, Piper Sandler upgraded First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 price objective for the company in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,346.09.

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.