Catalina Capital Group LLC Boosts Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Catalina Capital Group LLC grew its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118 shares of the bank’s stock after purchasing an additional 9 shares during the quarter. Catalina Capital Group LLC’s holdings in First Citizens BancShares were worth $249,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Creative Planning boosted its stake in First Citizens BancShares by 4.5% in the 2nd quarter. Creative Planning now owns 1,089 shares of the bank’s stock worth $1,834,000 after purchasing an additional 47 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of First Citizens BancShares by 9.4% in the third quarter. Park Avenue Securities LLC now owns 395 shares of the bank’s stock worth $728,000 after buying an additional 34 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of First Citizens BancShares by 17.6% during the third quarter. Handelsbanken Fonder AB now owns 2,672 shares of the bank’s stock worth $4,919,000 after buying an additional 400 shares during the period. GAMMA Investing LLC lifted its stake in shares of First Citizens BancShares by 129.6% during the third quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock worth $114,000 after buying an additional 35 shares during the period. Finally, Anderson Hoagland & Co. purchased a new stake in shares of First Citizens BancShares during the third quarter valued at $2,291,000. 78.01% of the stock is owned by institutional investors and hedge funds.

First Citizens BancShares Price Performance

Shares of First Citizens BancShares stock opened at $2,142.01 on Tuesday. The firm has a market cap of $29.97 billion, a PE ratio of 11.31, a P/E/G ratio of 1.00 and a beta of 0.85. First Citizens BancShares, Inc. has a twelve month low of $1,438.08 and a twelve month high of $2,412.93. 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 business has a 50-day moving average price of $2,160.31 and a 200 day moving average price of $2,054.63.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings data on Friday, January 24th. The bank reported $45.10 EPS for the quarter, beating analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. Sell-side analysts predict that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The business also recently disclosed 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. This represents a $7.80 annualized dividend and a yield of 0.36%. The ex-dividend date is Friday, February 28th. First Citizens BancShares’s payout ratio is 4.12%.

Analyst Upgrades and Downgrades

FCNCA has been the subject of a number of research reports. Citigroup cut First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group upped their target price on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their price target on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Barclays upped their price objective on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Finally, Wedbush reduced their target price on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, 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.