News coverage about First Citizens BancShares (NASDAQ:FCNCA) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Citizens BancShares earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.9369585772672 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
First Citizens BancShares (NASDAQ:FCNCA) opened at $406.00 on Monday. First Citizens BancShares has a 1-year low of $319.40 and a 1-year high of $436.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a market capitalization of $4,876.06, a PE ratio of 15.14 and a beta of 1.15.
First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Wednesday, October 25th. The bank reported $5.58 earnings per share for the quarter. First Citizens BancShares had a return on equity of 10.17% and a net margin of 20.60%. The company had revenue of $398.56 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be issued a $0.35 dividend. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.40 dividend on an annualized basis and a yield of 0.34%. First Citizens BancShares’s dividend payout ratio is currently 4.48%.
First Citizens BancShares declared that its board has authorized a share repurchase plan on Wednesday, October 25th that permits the company to repurchase 800,000 outstanding shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Separately, ValuEngine downgraded First Citizens BancShares from a “buy” rating to a “hold” rating in a report on Friday, August 18th.
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About First Citizens BancShares
First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.
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