EverSource Wealth Advisors LLC Has $101,000 Stock Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

EverSource Wealth Advisors LLC trimmed its stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48 shares of the bank’s stock after selling 21 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in First Citizens BancShares were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Independent Advisor Alliance raised its position in shares of First Citizens BancShares by 6.2% during the fourth quarter. Independent Advisor Alliance now owns 1,158 shares of the bank’s stock worth $2,447,000 after acquiring an additional 68 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of First Citizens BancShares by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,209 shares of the bank’s stock worth $4,668,000 after acquiring an additional 47 shares during the last quarter. Personal CFO Solutions LLC bought a new position in shares of First Citizens BancShares during the fourth quarter worth about $264,000. Amundi raised its position in shares of First Citizens BancShares by 1.7% during the fourth quarter. Amundi now owns 8,955 shares of the bank’s stock worth $18,752,000 after acquiring an additional 146 shares during the last quarter. Finally, AMF Tjanstepension AB bought a new position in shares of First Citizens BancShares during the fourth quarter worth about $99,818,000. 78.01% of the stock is currently owned by institutional investors.

First Citizens BancShares Stock Down 0.1 %

Shares of NASDAQ:FCNCA opened at $1,835.15 on Wednesday. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.94 and a beta of 0.81. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68. First Citizens BancShares, Inc. has a 12-month low of $1,518.00 and a 12-month high of $2,412.93. The business’s 50 day moving average is $2,066.19 and its 200 day moving average is $2,058.83.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. On average, sell-side analysts forecast that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $1.95 per share. The ex-dividend date was Friday, February 28th. This represents a $7.80 annualized dividend and a dividend yield of 0.43%. First Citizens BancShares’s payout ratio is 4.12%.

Insider Activity at First Citizens BancShares

In other First Citizens BancShares news, CFO Craig L. Nix acquired 17 shares of the business’s stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the completion of the transaction, the chief financial officer now owns 1,141 shares in the company, valued at approximately $2,146,369.33. This trade represents a 1.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 13.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on FCNCA. Piper Sandler upgraded First Citizens BancShares from a “neutral” rating to an “overweight” rating and set a $2,250.00 target price for the company in a report on Tuesday, March 11th. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. UBS Group began coverage on First Citizens BancShares in a report on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 target price for the company. JPMorgan Chase & Co. lifted their target price on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered their target price on First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating for the company in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, First Citizens BancShares presently has an average rating of “Moderate Buy” and an average target price of $2,288.08.

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.