XTX Topco Ltd Takes Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

XTX Topco Ltd purchased a new position in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 236 shares of the bank's stock, valued at approximately $499,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Life Planners purchased a new stake in First Citizens BancShares during the fourth quarter valued at about $33,000. Hemington Wealth Management increased its position in First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank's stock worth $33,000 after purchasing an additional 6 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new position in First Citizens BancShares in the fourth quarter valued at approximately $36,000. Mather Group LLC. raised its holdings in First Citizens BancShares by 38.5% in the fourth 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. Finally, Asset Planning Inc acquired a new position in First Citizens BancShares during the fourth quarter valued at approximately $38,000. 78.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FCNCA. Keefe, Bruyette & Woods raised their target price on shares of First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company 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. Barclays increased their target price 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. Piper Sandler raised First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 price target on the stock in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group lowered their price objective on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,346.09.

Insider Buying and Selling at First Citizens BancShares

In other news, CFO Craig L. Nix bought 17 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $1,881.13 per share, with a total value of $31,979.21. Following the completion of the transaction, the chief financial officer now directly owns 1,141 shares in the company, 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 is accessible through this hyperlink. Insiders own 13.19% of the company's stock.

First Citizens BancShares Stock Performance

Shares of First Citizens BancShares stock traded up $37.51 on Wednesday, reaching $1,772.04. The stock had a trading volume of 112,774 shares, compared to its average volume of 89,348. First Citizens BancShares, Inc. has a fifty-two week low of $1,473.62 and a fifty-two week high of $2,412.93. The business's 50-day moving average price is $1,838.68 and its two-hundred day moving average price is $2,028.63. 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 stock has a market cap of $24.06 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. On average, sell-side analysts forecast that First Citizens BancShares, Inc. will post 167.59 EPS 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.