Whittier Trust Co. Acquires 352 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Whittier Trust Co. raised its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,978 shares of the bank's stock after buying an additional 352 shares during the period. Whittier Trust Co.'s holdings in First Citizens BancShares were worth $12,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Life Planners purchased a new position in First Citizens BancShares during the fourth quarter valued at approximately $33,000. Hemington Wealth Management boosted its holdings in First Citizens BancShares by 60.0% in the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank's stock worth $33,000 after buying an additional 6 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in First Citizens BancShares in the 4th quarter worth $36,000. Mather Group LLC. raised its holdings in First Citizens BancShares by 38.5% during the fourth quarter. Mather Group LLC. now owns 18 shares of the bank's stock valued at $38,000 after acquiring an additional 5 shares during the period. Finally, Asset Planning Inc purchased a new position in shares of First Citizens BancShares in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 78.01% of the company's stock.

First Citizens BancShares Trading Up 0.5 %

First Citizens BancShares stock traded up $9.06 during midday trading on Tuesday, reaching $1,892.29. The stock had a trading volume of 150,691 shares, compared to its average volume of 84,097. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68. The firm has a market cap of $25.69 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.94 and a beta of 0.81. First Citizens BancShares, Inc. has a 52-week low of $1,518.00 and a 52-week high of $2,412.93. The company has a fifty day moving average of $2,048.63 and a 200 day moving average of $2,055.26.

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First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, topping 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, analysts anticipate that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, February 28th. First Citizens BancShares's dividend payout ratio is currently 4.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on First Citizens BancShares in a research note on Monday, December 9th. They set a "buy" rating and a $2,600.00 price target for the company. StockNews.com upgraded First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. 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 report on Tuesday, January 7th. Citigroup downgraded shares of First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Finally, UBS Group initiated coverage on shares of First Citizens BancShares in a research note on Tuesday, December 17th. They issued a "buy" rating and a $2,700.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently 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 on Friday, March 7th. The stock was acquired at an average cost of $1,881.13 per share, for a total transaction of $31,979.21. Following the acquisition, the chief financial officer now owns 1,141 shares of the company's stock, valued at $2,146,369.33. This represents a 1.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.