Thrivent Financial for Lutherans Buys 11,408 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Thrivent Financial for Lutherans lifted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 46.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,962 shares of the bank's stock after purchasing an additional 11,408 shares during the quarter. Thrivent Financial for Lutherans owned about 0.26% of First Citizens BancShares worth $75,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in First Citizens BancShares in the 4th quarter worth approximately $147,341,000. AMF Tjanstepension AB bought a new stake in shares of First Citizens BancShares during the 4th quarter worth $99,818,000. FMR LLC grew its position in First Citizens BancShares by 11.6% in the third quarter. FMR LLC now owns 323,532 shares of the bank's stock worth $595,607,000 after acquiring an additional 33,713 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in First Citizens BancShares by 128.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 54,831 shares of the bank's stock valued at $115,859,000 after acquiring an additional 30,828 shares during the last quarter. Finally, Commerce Bank raised its position in First Citizens BancShares by 4,762.2% during the third quarter. Commerce Bank now owns 21,345 shares of the bank's stock valued at $39,295,000 after purchasing an additional 20,906 shares in the last quarter. Hedge funds and other institutional investors own 78.01% of the company's stock.

First Citizens BancShares Trading Up 0.4 %

NASDAQ:FCNCA traded up $8.24 during mid-day trading on Friday, reaching $1,851.20. 136,163 shares of the company's stock traded hands, compared to its average volume of 84,005. The company has a 50 day moving average price of $2,052.67 and a 200-day moving average price of $2,055.18. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.94 and a beta of 0.81. 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 12-month low of $1,518.00 and a 12-month high of $2,412.93.

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First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $1.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.80 annualized dividend and a dividend yield of 0.42%. First Citizens BancShares's dividend payout ratio is 4.12%.

Wall Street Analyst Weigh In

FCNCA has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price objective on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company an "outperform" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Citizens BancShares in a research report on Monday, December 9th. They set a "buy" rating and a $2,600.00 price target on the stock. UBS Group initiated coverage on shares of First Citizens BancShares in a report on Tuesday, December 17th. They issued a "buy" rating and a $2,700.00 price objective for the company. Barclays increased their target price on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an "equal weight" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,288.08.

Insider Transactions at First Citizens BancShares

In other news, CFO Craig L. Nix bought 17 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $1,881.13 per share, for a total transaction of $31,979.21. Following the purchase, the chief financial officer now directly owns 1,141 shares in the company, valued at $2,146,369.33. This trade represents a 1.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.40% of the company's stock.

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.