800 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Bought by Solidarity Wealth LLC

Solidarity Wealth LLC bought a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 800 shares of the bank's stock, valued at approximately $1,690,000.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of First Citizens BancShares in the 3rd quarter valued at approximately $39,000. GAMMA Investing LLC grew its holdings in First Citizens BancShares by 129.6% during the third quarter. GAMMA Investing LLC now owns 62 shares of the bank's stock valued at $114,000 after purchasing an additional 35 shares during the last quarter. Quarry LP bought a new position in shares of First Citizens BancShares in the second quarter valued at approximately $126,000. Private Trust Co. NA lifted its stake in shares of First Citizens BancShares by 2,100.0% in the third quarter. Private Trust Co. NA now owns 88 shares of the bank's stock worth $162,000 after buying an additional 84 shares during the last quarter. Finally, UMB Bank n.a. bought a new stake in shares of First Citizens BancShares during the 3rd quarter worth $177,000. 78.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FCNCA has been the topic of several research analyst reports. Barclays raised their price objective on shares of First Citizens BancShares from $2,250.00 to $2,456.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Citigroup downgraded shares of First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 17th. UBS Group initiated coverage on shares of First Citizens BancShares in a research report on Tuesday, December 17th. They set a "buy" rating and a $2,700.00 target price on the stock. Keefe, Bruyette & Woods raised shares of First Citizens BancShares from a "market perform" rating to an "outperform" rating and set a $2,500.00 price target for the company in a research report on Tuesday, January 14th. Finally, Truist Financial initiated coverage on First Citizens BancShares in a report on Tuesday, January 7th. They set a "hold" rating and a $2,303.00 price objective on the stock. Seven 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,290.75.

First Citizens BancShares Trading Up 1.9 %

Shares of FCNCA stock traded up $42.20 on Tuesday, reaching $2,231.14. The company had a trading volume of 76,312 shares, compared to its average volume of 66,218. The stock has a market cap of $31.21 billion, a PE ratio of 12.78, a PEG ratio of 1.01 and a beta of 0.86. The company has a 50-day moving average of $2,168.53 and a 200-day moving average of $2,027.40. 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, Inc. has a 12 month low of $1,383.00 and a 12 month high of $2,388.78.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $47.40 by ($1.53). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. During the same period last year, the firm earned $55.92 EPS. On average, equities analysts forecast that First Citizens BancShares, Inc. will post 187.95 earnings per share for the current year.

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.