First Citizens BancShares, Inc. (NASDAQ:FCNCA) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. lessened its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,637 shares of the bank's stock after selling 2,848 shares during the quarter. First Citizens BancShares accounts for approximately 2.5% of Stieven Capital Advisors L.P.'s holdings, making the stock its 13th largest holding. Stieven Capital Advisors L.P.'s holdings in First Citizens BancShares were worth $14,024,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in shares of First Citizens BancShares by 11.6% in the third quarter. FMR LLC now owns 323,532 shares of the bank's stock worth $595,607,000 after purchasing an additional 33,713 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of First Citizens BancShares by 6.8% in the third 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 worth $107,749,000 after purchasing an additional 7,613 shares during the last quarter. Reinhart Partners LLC. raised its stake in shares of First Citizens BancShares by 2.1% in the fourth quarter. Reinhart Partners LLC. now owns 57,981 shares of the bank's stock worth $122,516,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of First Citizens BancShares by 128.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 54,831 shares of the bank's stock worth $115,859,000 after purchasing an additional 30,828 shares during the last quarter. Institutional investors and hedge funds own 78.01% of the company's stock.

First Citizens BancShares Trading Down 0.4 %

Shares of FCNCA stock traded down $8.73 on Wednesday, hitting $2,156.78. The stock had a trading volume of 50,928 shares, compared to its average volume of 67,924. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $30.17 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.96 and a beta of 0.85. First Citizens BancShares, Inc. has a 1 year low of $1,475.85 and a 1 year high of $2,412.93. The company's 50 day moving average price is $2,143.58 and its 200-day moving average price is $2,066.03.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 13.22% and a net margin of 18.55%. Analysts anticipate that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Wedbush reduced their price target on 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. Deutsche Bank Aktiengesellschaft assumed coverage on First Citizens BancShares in a research report on Monday, December 9th. They set a "buy" rating and a $2,600.00 price target for the company. StockNews.com upgraded First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Finally, Piper Sandler boosted their price objective on First Citizens BancShares from $2,100.00 to $2,250.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.