Signaturefd LLC Grows Stock Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Signaturefd LLC boosted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253 shares of the bank’s stock after buying an additional 21 shares during the quarter. Signaturefd LLC’s holdings in First Citizens BancShares were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Lindbrook Capital LLC increased its position in First Citizens BancShares by 53.3% in the third quarter. Lindbrook Capital LLC now owns 23 shares of the bank’s stock worth $32,000 after buying an additional 8 shares during the last quarter. TriaGen Wealth Management LLC grew its position in shares of First Citizens BancShares by 3.2% in the fourth quarter. TriaGen Wealth Management LLC now owns 286 shares of the bank’s stock valued at $406,000 after purchasing an additional 9 shares in the last quarter. Quent Capital LLC grew its position in shares of First Citizens BancShares by 4.2% in the fourth quarter. Quent Capital LLC now owns 249 shares of the bank’s stock valued at $354,000 after purchasing an additional 10 shares in the last quarter. Blue Trust Inc. grew its position in shares of First Citizens BancShares by 100.0% in the fourth quarter. Blue Trust Inc. now owns 20 shares of the bank’s stock valued at $27,000 after purchasing an additional 10 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of First Citizens BancShares by 4.1% in the third quarter. Commonwealth Equity Services LLC now owns 303 shares of the bank’s stock valued at $419,000 after purchasing an additional 12 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at First Citizens BancShares

In other First Citizens BancShares news, major shareholder Olivia Britton Holding purchased 466 shares of First Citizens BancShares stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $1,315.00 per share, for a total transaction of $612,790.00. Following the acquisition, the insider now directly owns 121,694 shares in the company, valued at $160,027,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other First Citizens BancShares news, Director Ellen R. Alemany sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $1,559.09, for a total transaction of $935,454.00. Following the transaction, the director now owns 4,842 shares in the company, valued at approximately $7,549,113.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Olivia Britton Holding bought 466 shares of First Citizens BancShares stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $1,315.00 per share, for a total transaction of $612,790.00. Following the acquisition, the insider now directly owns 121,694 shares in the company, valued at approximately $160,027,610. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,388 shares of company stock worth $1,825,220 in the last 90 days. Company insiders own 13.40% of the company’s stock.

First Citizens BancShares Stock Up 9.8 %

Shares of NASDAQ:FCNCA opened at $1,800.35 on Friday. First Citizens BancShares, Inc. has a 1 year low of $945.32 and a 1 year high of $1,810.03. The company has a market cap of $26.14 billion, a PE ratio of 2.29 and a beta of 0.89. 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’s 50-day moving average is $1,572.77 and its 200 day moving average is $1,475.21.

First Citizens BancShares (NASDAQ:FCNCA) last announced its quarterly earnings results on Friday, January 26th. The bank reported $46.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $48.49 by ($1.91). First Citizens BancShares had a net margin of 51.04% and a return on equity of 13.52%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Sell-side analysts anticipate that First Citizens BancShares, Inc. will post 179.92 EPS for the current year.

Wall Street Analyst Weigh In

FCNCA has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $1,800.00 price target on shares of First Citizens BancShares in a research report on Monday, January 29th. Barclays assumed coverage on First Citizens BancShares in a research note on Thursday, April 11th. They set an “equal weight” rating and a $1,850.00 price objective for the company. DA Davidson reissued a “neutral” rating and set a $1,650.00 price objective (up previously from $1,600.00) on shares of First Citizens BancShares in a research note on Monday, April 15th. The Goldman Sachs Group assumed coverage on First Citizens BancShares in a research note on Thursday, March 21st. They set a “buy” rating and a $1,950.00 price target for the company. Finally, StockNews.com lowered First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,768.63.

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.