Wilmington Savings Fund Society FSB Has $6.14 Million Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Wilmington Savings Fund Society FSB decreased its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,905 shares of the bank’s stock after selling 28 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in First Citizens BancShares were worth $6,138,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FCNCA. Raymond James & Associates increased its position in First Citizens BancShares by 5.1% during the third quarter. Raymond James & Associates now owns 16,826 shares of the bank’s stock worth $30,976,000 after buying an additional 811 shares during the last quarter. Balentine LLC acquired a new position in shares of First Citizens BancShares in the third quarter valued at $3,564,000. Hiddenite Capital Partners LP raised its position in shares of First Citizens BancShares by 14.1% in the third quarter. Hiddenite Capital Partners LP now owns 3,230 shares of the bank’s stock valued at $5,946,000 after purchasing an additional 400 shares during the period. Retireful LLC bought a new stake in shares of First Citizens BancShares during the 3rd quarter worth about $801,000. Finally, Oliver Luxxe Assets LLC lifted its position in First Citizens BancShares by 22.6% during the third quarter. Oliver Luxxe Assets LLC now owns 2,916 shares of the bank’s stock worth $5,368,000 after acquiring an additional 537 shares during the last quarter. Institutional investors own 78.01% of the company’s stock.

First Citizens BancShares Stock Up 0.4 %

NASDAQ:FCNCA opened at $2,218.40 on Friday. First Citizens BancShares, Inc. has a one year low of $1,460.76 and a one year high of $2,412.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $31.04 billion, a PE ratio of 11.71, a P/E/G ratio of 1.00 and a beta of 0.85. The firm’s 50 day simple moving average is $2,150.58 and its 200 day simple moving average is $2,061.33.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data 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 net margin of 18.55% and a return on equity of 13.22%. On average, research analysts anticipate that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.35%. First Citizens BancShares’s payout ratio is 4.12%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wedbush reduced their price target on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Citigroup downgraded shares of First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. Keefe, Bruyette & Woods boosted their price target on 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. Barclays upped 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 report on Monday, January 27th. Finally, StockNews.com raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,323.50.

First Citizens BancShares Company 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.