Xponance Inc. Boosts Stock Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Xponance Inc. lifted its stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,119 shares of the bank's stock after purchasing an additional 152 shares during the quarter. Xponance Inc.'s holdings in First Citizens BancShares were worth $2,364,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. M&T Bank Corp boosted its stake in shares of First Citizens BancShares by 0.8% during the third quarter. M&T Bank Corp now owns 607 shares of the bank's stock valued at $1,117,000 after purchasing an additional 5 shares in the last quarter. Mather Group LLC. increased its holdings in First Citizens BancShares by 38.5% in the fourth quarter. Mather Group LLC. now owns 18 shares of the bank's stock worth $38,000 after purchasing an additional 5 shares in the last quarter. Private Advisor Group LLC boosted its stake in First Citizens BancShares by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 172 shares of the bank's stock worth $363,000 after acquiring an additional 5 shares in the last quarter. Exencial Wealth Advisors LLC grew its stake in First Citizens BancShares by 1.2% in the fourth quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank's stock valued at $904,000 after acquiring an additional 5 shares during the period. Finally, Hemington Wealth Management grew its holdings in shares of First Citizens BancShares by 60.0% during the fourth quarter. Hemington Wealth Management now owns 16 shares of the bank's stock valued at $33,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 78.01% of the company's stock.

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First Citizens BancShares Price Performance

NASDAQ FCNCA traded down $14.54 on Wednesday, hitting $1,877.75. The stock had a trading volume of 78,884 shares, compared to its average volume of 84,501. The firm has a 50-day moving average of $2,043.67 and a 200-day moving average of $2,055.22. The company has a market capitalization of $25.49 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.94 and a beta of 0.81. 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, Inc. has a 52-week low of $1,518.00 and a 52-week high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. Equities analysts expect that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, February 28th. First Citizens BancShares's dividend payout ratio (DPR) is 4.12%.

Insider Activity at First Citizens BancShares

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FCNCA. UBS Group began coverage on shares of First Citizens BancShares in a research note on Tuesday, December 17th. They issued a "buy" rating and a $2,700.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on First Citizens BancShares in a research note on Monday, December 9th. They issued a "buy" rating and a $2,600.00 price objective on the stock. StockNews.com raised First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Citigroup cut First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, Barclays lifted their price objective on 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. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $2,288.08.

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.