First Citizens BancShares, Inc. (NASDAQ:FCNCA) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC boosted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214 shares of the bank’s stock after acquiring an additional 37 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in First Citizens BancShares were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FCNCA. Toronto Dominion Bank increased its position in shares of First Citizens BancShares by 3,577.5% in the second quarter. Toronto Dominion Bank now owns 35,010 shares of the bank’s stock worth $58,943,000 after acquiring an additional 34,058 shares in the last quarter. FMR LLC increased its holdings in First Citizens BancShares by 11.6% in the 3rd quarter. FMR LLC now owns 323,532 shares of the bank’s stock valued at $595,607,000 after purchasing an additional 33,713 shares in the last quarter. Zurich Insurance Group Ltd FI raised its position in First Citizens BancShares by 225.2% in the second quarter. Zurich Insurance Group Ltd FI now owns 42,159 shares of the bank’s stock valued at $70,979,000 after purchasing an additional 29,194 shares during the period. International Assets Investment Management LLC lifted its stake in shares of First Citizens BancShares by 183,992.3% during the third quarter. International Assets Investment Management LLC now owns 23,932 shares of the bank’s stock worth $440,580,000 after purchasing an additional 23,919 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of First Citizens BancShares by 6,773.9% in the second quarter. Thrivent Financial for Lutherans now owns 23,921 shares of the bank’s stock worth $40,274,000 after buying an additional 23,573 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush dropped their target price on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. UBS Group began coverage on shares of First Citizens BancShares in a research note on Tuesday, December 17th. They set a “buy” rating and a $2,700.00 price objective on the stock. Keefe, Bruyette & Woods raised shares of First Citizens BancShares from a “market perform” rating to an “outperform” rating and set a $2,500.00 price target for the company in a report on Tuesday. StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Citigroup downgraded First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, First Citizens BancShares has an average rating of “Moderate Buy” and a consensus price target of $2,290.75.

First Citizens BancShares Stock Performance

FCNCA stock opened at $2,156.01 on Friday. The stock’s 50 day simple moving average is $2,167.03 and its 200 day simple moving average is $2,012.73. First Citizens BancShares, Inc. has a 12-month low of $1,363.97 and a 12-month high of $2,388.78. The firm has a market cap of $30.16 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.96 and a beta of 0.86. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing analysts’ consensus estimates of $47.40 by ($1.53). First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $55.92 earnings per share. As a group, equities research analysts predict that First Citizens BancShares, Inc. will post 186.98 EPS for the current year.

First Citizens BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $1.95 dividend. The ex-dividend date was Friday, November 29th. This represents a $7.80 dividend on an annualized basis and a yield of 0.36%. This is a boost from First Citizens BancShares’s previous quarterly dividend of $1.64. First Citizens BancShares’s dividend payout ratio (DPR) is currently 4.47%.

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.