69,730 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 69,730 shares of the bank's stock, valued at approximately $147,341,000. Proficio Capital Partners LLC owned approximately 0.50% of First Citizens BancShares at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FCNCA. Financial Life Planners purchased a new position in First Citizens BancShares during the 4th quarter valued at about $33,000. Hemington Wealth Management grew its position in 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 purchasing an additional 6 shares in the last quarter. Mather Group LLC. increased its stake 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 buying an additional 5 shares during the period. Asset Planning Inc purchased a new stake in First Citizens BancShares in the 4th quarter worth approximately $38,000. Finally, Brooklyn Investment Group acquired a new stake in shares of First Citizens BancShares during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 78.01% of the company's stock.

First Citizens BancShares Stock Performance

FCNCA traded up $12.18 during trading on Friday, hitting $2,048.06. The stock had a trading volume of 70,633 shares, compared to its average volume of 66,375. The firm has a market cap of $28.65 billion, a PE ratio of 10.81, a P/E/G ratio of 0.94 and a beta of 0.85. 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, Inc. has a 12 month low of $1,505.73 and a 12 month high of $2,412.93. The company has a 50 day simple moving average of $2,139.06 and a 200-day simple moving average of $2,072.93.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its quarterly earnings data 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%. Analysts expect that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $1.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 annualized dividend and a dividend yield of 0.38%. First Citizens BancShares's dividend payout ratio is 4.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FCNCA. Keefe, Bruyette & Woods upped their price target on shares of 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. StockNews.com raised First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Truist Financial lifted 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. UBS Group started coverage on First Citizens BancShares in a report on Tuesday, December 17th. They issued a "buy" rating and a $2,700.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, First Citizens BancShares presently has a consensus rating of "Moderate Buy" and an average price target 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.