First Citizens BancShares, Inc. (NASDAQ:FCNCA) Stock Holdings Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 34.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,217 shares of the bank’s stock after selling 646 shares during the quarter. Nisa Investment Advisors LLC’s holdings in First Citizens BancShares were worth $2,572,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Solidarity Wealth LLC bought a new stake in First Citizens BancShares in the 4th quarter valued at about $1,690,000. Jackson Square Capital LLC bought a new stake in First Citizens BancShares in the 4th quarter valued at about $999,000. Ameritas Advisory Services LLC bought a new stake in First Citizens BancShares in the 4th quarter valued at about $427,000. Brooklyn Investment Group lifted its position in First Citizens BancShares by 33.3% in the 4th quarter. Brooklyn Investment Group now owns 28 shares of the bank’s stock valued at $57,000 after purchasing an additional 7 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in First Citizens BancShares by 25.1% in the 4th quarter. Park Avenue Securities LLC now owns 494 shares of the bank’s stock valued at $1,044,000 after purchasing an additional 99 shares during the last quarter. 78.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FCNCA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of First Citizens BancShares in a research note on Monday, December 9th. They set a “buy” rating and a $2,600.00 target price on the stock. UBS Group started 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 target price on the stock. The Goldman Sachs Group raised their target price on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup cut shares of First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Barclays raised their target price on shares of First Citizens BancShares from $2,250.00 to $2,456.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, First Citizens BancShares currently has a consensus rating of “Hold” and an average target price of $2,290.75.

First Citizens BancShares Stock Performance

First Citizens BancShares stock opened at $2,225.00 on Monday. First Citizens BancShares, Inc. has a fifty-two week low of $1,383.00 and a fifty-two week high of $2,412.93. The firm’s 50 day simple moving average is $2,171.41 and its 200-day simple moving average is $2,038.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $31.13 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.03 and a beta of 0.86.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. As a group, equities research analysts predict that First Citizens BancShares, Inc. will post 187.95 EPS for the current year.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.35%. First Citizens BancShares’s dividend payout ratio is currently 4.47%.

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.