Emerald Advisers LLC Has $444,000 Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Emerald Advisers LLC trimmed its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 42.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210 shares of the bank's stock after selling 158 shares during the period. Emerald Advisers LLC's holdings in First Citizens BancShares were worth $444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of First Citizens BancShares by 11.6% in the 3rd quarter. FMR LLC now owns 323,532 shares of the bank's stock valued at $595,607,000 after purchasing an additional 33,713 shares in the last quarter. JPMorgan Chase & Co. increased its stake in First Citizens BancShares by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 288,960 shares of the bank's stock worth $531,961,000 after purchasing an additional 18,501 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in First Citizens BancShares during the 4th quarter worth approximately $147,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Citizens BancShares by 15.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,529 shares of the bank's stock valued at $107,749,000 after buying an additional 7,613 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in shares of First Citizens BancShares by 2.1% during the fourth quarter. Reinhart Partners LLC. now owns 57,981 shares of the bank's stock worth $122,516,000 after acquiring an additional 1,183 shares during the period. 78.01% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, CFO Craig L. Nix bought 17 shares of the company's stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $1,881.13 per share, for a total transaction of $31,979.21. Following the transaction, the chief financial officer now owns 1,141 shares of the company's stock, valued at $2,146,369.33. This represents a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler raised First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 price target on the stock in a research note on Tuesday, March 11th. Barclays increased their target price on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the stock an "equal weight" rating in a report on Monday, January 27th. The Goldman Sachs Group cut their price target on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lifted their target price on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, Citigroup cut First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,288.08.

First Citizens BancShares Stock Performance

Shares of FCNCA stock traded down $44.97 on Friday, hitting $1,835.10. The company's stock had a trading volume of 77,972 shares, compared to its average volume of 86,054. First Citizens BancShares, Inc. has a fifty-two week low of $1,518.00 and a fifty-two week high of $2,412.93. The company has a market capitalization of $24.92 billion, a PE ratio of 9.69, a PEG ratio of 0.94 and a beta of 0.81. The stock's 50 day moving average is $2,025.58 and its 200-day moving average is $2,052.31. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its earnings results on Friday, January 24th. The bank reported $45.10 EPS 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%. Equities research analysts expect that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $1.95 dividend. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, February 28th. First Citizens BancShares's payout ratio is currently 4.12%.

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.