Fuller & Thaler Asset Management Inc. Has $204.13 Million Stock Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Fuller & Thaler Asset Management Inc. reduced its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,604 shares of the bank's stock after selling 3,039 shares during the period. First Citizens BancShares makes up approximately 0.8% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 25th biggest position. Fuller & Thaler Asset Management Inc. owned 0.69% of First Citizens BancShares worth $204,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FCNCA. Sei Investments Co. increased its position in First Citizens BancShares by 69.6% during the 4th quarter. Sei Investments Co. now owns 3,031 shares of the bank's stock worth $6,404,000 after purchasing an additional 1,244 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Citizens BancShares by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 288,960 shares of the bank's stock worth $531,961,000 after buying an additional 18,501 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Citizens BancShares in the 4th quarter worth about $39,739,000. Check Capital Management Inc. CA raised its position in First Citizens BancShares by 20.0% in the fourth quarter. Check Capital Management Inc. CA now owns 33,599 shares of the bank's stock valued at $70,995,000 after purchasing an additional 5,605 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of First Citizens BancShares by 4.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,663 shares of the bank's stock valued at $7,811,000 after purchasing an additional 157 shares in the last quarter. 78.01% of the stock is currently owned by institutional investors.

First Citizens BancShares Stock Performance

Shares of First Citizens BancShares stock opened at $1,734.53 on Wednesday. The business has a 50-day simple moving average of $1,838.68 and a 200 day simple moving average of $2,028.63. The firm has a market capitalization of $23.55 billion, a price-to-earnings ratio of 9.16, a PEG 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, Inc. has a one year low of $1,473.62 and a one year high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last issued its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, topping analysts' consensus estimates of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. On average, research analysts anticipate that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Craig L. Nix bought 17 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were bought 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 approximately $2,146,369.33. This represents a 1.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 13.19% of the company's stock.

Analysts Set New Price Targets

FCNCA has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. StockNews.com upgraded First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. JPMorgan Chase & Co. lifted their target price on 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 increased their price target on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an "outperform" rating in a research note on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $2,346.09.

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.

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