First Citizens BancShares, Inc. (NASDAQ:FCNCA) Shares Purchased by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC boosted its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 81.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304 shares of the bank's stock after buying an additional 136 shares during the period. Live Oak Private Wealth LLC's holdings in First Citizens BancShares were worth $642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in shares of First Citizens BancShares by 0.8% in the 3rd 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 during the last quarter. Mather Group LLC. lifted its stake in shares of 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 purchasing an additional 5 shares during the last quarter. Metis Global Partners LLC grew its position 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 during the last quarter. Brooklyn Investment Group boosted its position in First Citizens BancShares by 33.3% in the 4th quarter. Brooklyn Investment Group now owns 28 shares of the bank's stock valued at $57,000 after buying an additional 7 shares during the period. Finally, Tandem Capital Management Corp ADV increased its holdings in First Citizens BancShares by 1.8% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 459 shares of the bank's stock worth $845,000 after purchasing an additional 8 shares during the period. 78.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FCNCA shares. Keefe, Bruyette & Woods increased their price objective on shares of First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company an "outperform" rating in a research note on Monday, January 27th. Truist Financial increased their target price on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Citizens BancShares in a report on Monday, December 9th. They issued a "buy" rating and a $2,600.00 price objective for the company. Finally, Barclays lifted their price target on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an "equal weight" rating in a research note 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. According to MarketBeat.com, First Citizens BancShares presently has a consensus rating of "Moderate Buy" and an average target price of $2,323.50.

First Citizens BancShares Price Performance

FCNCA stock traded up $3.95 during midday trading on Tuesday, reaching $2,158.52. The stock had a trading volume of 28,519 shares, compared to its average volume of 69,560. First Citizens BancShares, Inc. has a 52-week low of $1,460.76 and a 52-week high of $2,412.93. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. The company's fifty day simple moving average is $2,149.21 and its 200 day simple moving average is $2,064.79. The company has a market cap of $30.20 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.00 and a beta of 0.85.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

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