Impact Investors Inc Acquires Shares of 670 First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Impact Investors Inc acquired a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 670 shares of the bank's stock, valued at approximately $1,416,000. First Citizens BancShares comprises about 1.1% of Impact Investors Inc's investment portfolio, making the stock its 23rd largest holding.

Several other large investors have also made changes to their positions in the business. M&T Bank Corp lifted its position in shares of First Citizens BancShares by 0.8% during the 3rd quarter. M&T Bank Corp now owns 607 shares of the bank's stock worth $1,117,000 after purchasing an additional 5 shares during the last quarter. Mather Group LLC. raised its holdings in First Citizens BancShares by 38.5% in the 4th quarter. Mather Group LLC. now owns 18 shares of the bank's stock valued at $38,000 after acquiring an additional 5 shares in the last quarter. Private Advisor Group LLC raised its holdings in First Citizens BancShares by 3.0% in the 4th quarter. Private Advisor Group LLC now owns 172 shares of the bank's stock valued at $363,000 after acquiring an additional 5 shares in the last quarter. Metis Global Partners LLC raised its holdings in First Citizens BancShares by 4.9% in the 3rd quarter. Metis Global Partners LLC now owns 129 shares of the bank's stock valued at $237,000 after acquiring an additional 6 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in First Citizens BancShares by 60.0% in the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank's stock valued at $33,000 after acquiring an additional 6 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on FCNCA. UBS Group began coverage on First Citizens BancShares in a report on Tuesday, December 17th. They issued a "buy" rating and a $2,700.00 price target for the company. The Goldman Sachs Group upped their price target on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. StockNews.com raised First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Truist Financial upped their price target on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods upped their price target on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company an "outperform" rating in a report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, First Citizens BancShares currently has an average rating of "Moderate Buy" and a consensus target price of $2,323.50.

First Citizens BancShares Price Performance

NASDAQ FCNCA traded up $12.18 during trading hours on Friday, reaching $2,048.06. 70,633 shares of the company's stock were exchanged, compared to its average volume of 66,375. The stock has a market cap of $28.65 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.94 and a beta of 0.85. First Citizens BancShares, Inc. has a one year low of $1,505.73 and a one year high of $2,412.93. The firm has a fifty day moving average of $2,139.06 and a 200-day moving average of $2,072.40. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68.

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

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $1.95 per share. The ex-dividend date is Friday, February 28th. This represents a $7.80 dividend on an annualized basis and a yield of 0.38%. First Citizens BancShares's dividend payout ratio (DPR) is presently 4.12%.

First Citizens BancShares Company 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.