Diversified Trust Co Buys 78 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Diversified Trust Co lifted its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,162 shares of the bank’s stock after buying an additional 78 shares during the period. Diversified Trust Co’s holdings in First Citizens BancShares were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB raised its position in First Citizens BancShares by 21.6% during the first quarter. Nordea Investment Management AB now owns 29,077 shares of the bank’s stock valued at $47,866,000 after purchasing an additional 5,172 shares in the last quarter. Norges Bank bought a new stake in shares of First Citizens BancShares in the fourth quarter worth $180,039,000. BNP Paribas Financial Markets boosted its position in First Citizens BancShares by 19.4% during the first quarter. BNP Paribas Financial Markets now owns 3,492 shares of the bank’s stock valued at $5,709,000 after acquiring an additional 568 shares during the last quarter. Bessemer Group Inc. boosted its position in First Citizens BancShares by 2,583.3% during the first quarter. Bessemer Group Inc. now owns 805 shares of the bank’s stock valued at $1,316,000 after acquiring an additional 775 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in First Citizens BancShares by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 186,822 shares of the bank’s stock valued at $265,120,000 after acquiring an additional 534 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

First Citizens BancShares Stock Up 0.2 %

Shares of FCNCA traded up $3.71 on Wednesday, reaching $2,000.71. The company’s stock had a trading volume of 3,086 shares, compared to its average volume of 85,482. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.77. First Citizens BancShares, Inc. has a twelve month low of $1,274.91 and a twelve month high of $2,174.80. The stock has a market capitalization of $29.07 billion, a PE ratio of 11.09 and a beta of 0.83. The firm has a fifty day moving average of $1,796.71 and a 200-day moving average of $1,678.21.

First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Thursday, July 25th. The bank reported $50.87 earnings per share for the quarter, topping analysts’ consensus estimates of $44.91 by $5.96. First Citizens BancShares had a net margin of 18.19% and a return on equity of 15.09%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the business posted $52.60 EPS. Equities analysts predict that First Citizens BancShares, Inc. will post 195.31 EPS for the current year.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 0.33%. First Citizens BancShares’s dividend payout ratio is presently 3.64%.

Analyst Ratings Changes

FCNCA has been the topic of a number of research analyst reports. Barclays upped their price target on shares of First Citizens BancShares from $1,950.00 to $2,250.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Raymond James raised shares of First Citizens BancShares from a “market perform” rating to an “outperform” rating and set a $1,900.00 price objective on the stock in a research report on Tuesday, July 2nd. Jefferies Financial Group started coverage on shares of First Citizens BancShares in a research report on Tuesday, July 9th. They set a “buy” rating and a $2,005.00 price objective on the stock. StockNews.com raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Piper Sandler increased their price objective on shares of First Citizens BancShares from $1,950.00 to $2,150.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Citizens BancShares currently has an average rating of “Moderate Buy” and a consensus price target of $1,920.82.

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.