Tritonpoint Wealth LLC Purchases Shares of 200 First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Tritonpoint Wealth LLC purchased a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 200 shares of the bank’s stock, valued at approximately $284,000.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in 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 acquiring an additional 10 shares during the last quarter. Castleview Partners LLC acquired a new stake in shares of First Citizens BancShares during the 2nd quarter worth about $31,000. Lindbrook Capital LLC lifted its stake in shares of First Citizens BancShares by 53.3% during the 3rd 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. Resurgent Financial Advisors LLC acquired a new stake in shares of First Citizens BancShares during the 4th quarter worth about $35,000. Finally, Fred Alger Management LLC acquired a new stake in shares of First Citizens BancShares during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FCNCA shares. Wedbush restated an “outperform” rating and set a $1,800.00 target price on shares of First Citizens BancShares in a research note on Monday, January 29th. DA Davidson reaffirmed a “neutral” rating on shares of First Citizens BancShares in a research report on Monday, January 15th. StockNews.com lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. UBS Group raised their price target on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group assumed coverage on shares of First Citizens BancShares in a research report on Thursday, March 21st. They set a “buy” rating and a $1,950.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, First Citizens BancShares currently has an average rating of “Hold” and a consensus target price of $1,774.83.

First Citizens BancShares Trading Up 1.0 %

Shares of First Citizens BancShares stock opened at $1,594.57 on Monday. The firm has a market capitalization of $23.15 billion, a PE ratio of 2.03 and a beta of 0.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.82. The firm’s 50 day moving average is $1,549.49 and its 200 day moving average is $1,454.79. First Citizens BancShares, Inc. has a 1 year low of $945.32 and a 1 year high of $1,651.73.

First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Friday, January 26th. The bank reported $46.58 EPS for the quarter, missing the consensus estimate of $48.49 by ($1.91). First Citizens BancShares had a return on equity of 13.52% and a net margin of 51.04%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.36 billion. Equities research analysts forecast that First Citizens BancShares, Inc. will post 177.52 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $1.64 per share. The ex-dividend date was Wednesday, February 28th. This represents a $6.56 annualized dividend and a yield of 0.41%. First Citizens BancShares’s dividend payout ratio is presently 0.84%.

Insider Buying and Selling

In other news, Director Ellen R. Alemany sold 600 shares of the business’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 transaction, the director now owns 4,842 shares in the company, valued at approximately $7,549,113.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Olivia Britton Holding purchased 466 shares of the company’s stock in a transaction dated 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 transaction, the insider now 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 accessible through this link. Also, Director Ellen R. Alemany sold 600 shares of the business’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 completion of the transaction, the director now owns 4,842 shares in the company, valued at approximately $7,549,113.78. The disclosure for this sale can be found here. Insiders have acquired a total of 1,388 shares of company stock worth $1,825,220 in the last ninety days. Company insiders own 12.85% of the company’s stock.

First Citizens BancShares 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.