Vontobel Holding Ltd. Purchases New Stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Vontobel Holding Ltd. bought a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 625 shares of the bank's stock, valued at approximately $1,321,000.

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in First Citizens BancShares by 11.6% in the 3rd quarter. FMR LLC now owns 323,532 shares of the bank's stock worth $595,607,000 after buying an additional 33,713 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of First Citizens BancShares by 128.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 54,831 shares of the bank's stock worth $115,859,000 after acquiring an additional 30,828 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of First Citizens BancShares by 183,992.3% in the third quarter. International Assets Investment Management LLC now owns 23,932 shares of the bank's stock worth $440,580,000 after acquiring an additional 23,919 shares during the period. Commerce Bank grew its position in shares of First Citizens BancShares by 4,762.2% in 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. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of First Citizens BancShares by 337.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,125 shares of the bank's stock valued at $48,095,000 after purchasing an additional 20,149 shares during the period. Hedge funds and other institutional investors own 78.01% of the company's stock.

First Citizens BancShares Price Performance

FCNCA traded down $67.86 during trading on Friday, reaching $2,049.25. The stock had a trading volume of 72,498 shares, compared to its average volume of 67,621. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day moving average of $2,145.78 and a 200-day moving average of $2,069.58. First Citizens BancShares, Inc. has a one year low of $1,500.94 and a one year high of $2,412.93. The stock has a market cap of $28.67 billion, a PE ratio of 10.82, a PEG ratio of 0.96 and a beta of 0.85.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The bank reported $45.10 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%. As a group, equities research analysts anticipate that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on FCNCA shares. Deutsche Bank Aktiengesellschaft started coverage on First Citizens BancShares in a research note on Monday, December 9th. They issued a "buy" rating and a $2,600.00 target price for the company. Truist Financial boosted their price objective on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Citigroup downgraded shares of First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. upped 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 report on Tuesday, January 7th. Finally, Barclays lifted their price objective 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.