Benjamin Edwards Inc. Has $352,000 Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Benjamin Edwards Inc. boosted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248 shares of the bank’s stock after purchasing an additional 28 shares during the period. Benjamin Edwards Inc.’s holdings in First Citizens BancShares were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in shares of First Citizens BancShares by 4.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 303 shares of the bank’s stock valued at $419,000 after buying an additional 12 shares during the last quarter. Xponance Inc. grew its position in shares of First Citizens BancShares by 6.0% in the 3rd quarter. Xponance Inc. now owns 548 shares of the bank’s stock valued at $756,000 after buying an additional 31 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of First Citizens BancShares by 11.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 573 shares of the bank’s stock valued at $791,000 after buying an additional 60 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of First Citizens BancShares by 53.3% in the 3rd quarter. Lindbrook Capital LLC now owns 23 shares of the bank’s stock valued at $32,000 after buying an additional 8 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in shares of First Citizens BancShares by 13.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 182 shares of the bank’s stock valued at $251,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Insider Activity at First Citizens BancShares

In other news, major shareholder Olivia Britton Holding acquired 466 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of $1,315.00 per share, with a total value of $612,790.00. Following the acquisition, the insider now directly owns 121,694 shares of the company’s stock, valued at $160,027,610. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Olivia Britton Holding bought 466 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $1,315.00 per share, with a total value of $612,790.00. Following the transaction, the insider now directly owns 121,694 shares in the company, valued at $160,027,610. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen R. Alemany sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $1,559.09, for a total value of $935,454.00. Following the completion of the transaction, the director now directly owns 4,842 shares of the company’s stock, valued at $7,549,113.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,388 shares of company stock valued at $1,825,220 and have sold 2,600 shares valued at $4,458,964. 13.40% of the stock is owned by insiders.

Analyst Ratings Changes

FCNCA has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $2,100.00 price target (up previously from $1,900.00) on shares of First Citizens BancShares in a research report on Friday, April 26th. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. The Goldman Sachs Group assumed coverage on First Citizens BancShares in a research report on Thursday, March 21st. They set a “buy” rating and a $1,950.00 target price on the stock. UBS Group upped their target price on First Citizens BancShares from $1,644.00 to $1,754.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Barclays upped their target price on First Citizens BancShares from $1,850.00 to $1,950.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,829.90.

First Citizens BancShares Stock Down 0.2 %

Shares of NASDAQ:FCNCA traded down $3.50 during midday trading on Friday, hitting $1,710.00. 62,387 shares of the company’s stock were exchanged, compared to its average volume of 82,503. First Citizens BancShares, Inc. has a 12 month low of $945.32 and a 12 month high of $1,810.03. The company has a market cap of $24.83 billion, a PE ratio of 9.49 and a beta of 0.86. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50 day moving average price of $1,600.68 and a 200-day moving average price of $1,491.56.

First Citizens BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $1.64 dividend. The ex-dividend date is Thursday, May 30th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 0.38%. First Citizens BancShares’s dividend payout ratio is presently 3.64%.

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.