Natixis Advisors LLC Acquires 1,489 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Natixis Advisors LLC grew its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,855 shares of the bank’s stock after buying an additional 1,489 shares during the quarter. Natixis Advisors LLC’s holdings in First Citizens BancShares were worth $50,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in First Citizens BancShares by 0.8% during the third quarter. M&T Bank Corp now owns 607 shares of the bank’s stock worth $1,117,000 after buying an additional 5 shares in the last quarter. Mather Group LLC. grew its holdings in First Citizens BancShares by 38.5% during the fourth quarter. Mather Group LLC. now owns 18 shares of the bank’s stock worth $38,000 after buying an additional 5 shares in the last quarter. Private Advisor Group LLC grew its holdings in First Citizens BancShares by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 172 shares of the bank’s stock worth $363,000 after buying an additional 5 shares in the last quarter. Exencial Wealth Advisors LLC grew its holdings in First Citizens BancShares by 1.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank’s stock worth $904,000 after buying an additional 5 shares in the last quarter. Finally, Metis Global Partners LLC grew its holdings in First Citizens BancShares by 4.9% during the third quarter. Metis Global Partners LLC now owns 129 shares of the bank’s stock worth $237,000 after buying an additional 6 shares in the last quarter. 78.01% of the stock is owned by institutional investors.

First Citizens BancShares Stock Performance

NASDAQ:FCNCA opened at $1,807.49 on Friday. The business’s 50-day moving average price is $2,078.08 and its two-hundred day moving average price is $2,060.72. First Citizens BancShares, Inc. has a twelve month low of $1,517.99 and a twelve month high of $2,412.93. The stock has a market cap of $24.54 billion, a P/E ratio of 9.54, 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 (NASDAQ:FCNCA) last released its quarterly earnings results on Friday, January 24th. The bank reported $45.10 earnings per share 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%. As a group, equities analysts predict that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $1.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 annualized dividend and a dividend yield of 0.43%. First Citizens BancShares’s payout ratio is currently 4.12%.

Analyst Upgrades and Downgrades

FCNCA has been the subject of several recent research reports. Citigroup downgraded First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. Keefe, Bruyette & Woods upped their price target on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Barclays upped their price target on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft started coverage on First Citizens BancShares in a research report on Monday, December 9th. They set a “buy” rating and a $2,600.00 price target on the stock. Finally, Truist Financial upped their price target on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, First Citizens BancShares has an average rating of “Moderate Buy” and a consensus price target of $2,323.50.

Insider Activity

In other news, CFO Craig L. Nix acquired 17 shares of First Citizens BancShares stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $1,881.13 per share, for a total transaction of $31,979.21. Following the transaction, the chief financial officer now owns 1,141 shares of the company’s stock, valued at $2,146,369.33. This trade represents a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 13.40% 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.