First Citizens BancShares Inc. (NASDAQ:FCNCA) Chairman Frank B. Holding, Jr. acquired 54 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $370.00 per share, for a total transaction of $19,980.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ:FCNCA traded up $1.89 on Thursday, hitting $433.99. The stock had a trading volume of 256 shares, compared to its average volume of 43,446. The stock has a market cap of $5.01 billion, a PE ratio of 11.70 and a beta of 1.15. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $452.43. First Citizens BancShares Inc. has a 52-week low of $355.18 and a 52-week high of $488.44.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be given a $0.40 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.60 annualized dividend and a yield of 0.37%.
Several equities research analysts recently commented on FCNCA shares. BidaskClub raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine cut First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
A number of large investors have recently made changes to their positions in FCNCA. Nuveen Asset Management LLC bought a new stake in First Citizens BancShares during the 2nd quarter valued at approximately $7,766,000. Price T Rowe Associates Inc. MD raised its stake in First Citizens BancShares by 3.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,241 shares of the bank’s stock valued at $1,910,000 after purchasing an additional 158 shares during the period. UBS Asset Management Americas Inc. raised its stake in First Citizens BancShares by 27.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,838 shares of the bank’s stock valued at $3,979,000 after purchasing an additional 1,928 shares during the period. CSat Investment Advisory L.P. bought a new stake in First Citizens BancShares during the 2nd quarter valued at approximately $316,000. Finally, D. E. Shaw & Co. Inc. raised its stake in First Citizens BancShares by 0.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 16,374 shares of the bank’s stock valued at $7,373,000 after purchasing an additional 153 shares during the period. 44.43% of the stock is currently owned by institutional investors and hedge funds.
First Citizens BancShares Company Profile
First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.
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