News stories about First Citizens BancShares (NASDAQ:FCNCA) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Citizens BancShares earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.7860223033707 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of First Citizens BancShares (NASDAQ FCNCA) opened at $432.73 on Thursday. 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 stock has a market capitalization of $5,580.00, a P/E ratio of 16.14 and a beta of 1.15. First Citizens BancShares has a 12 month low of $319.40 and a 12 month high of $436.00.
First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $5.58 earnings per share (EPS) for the quarter. The firm had revenue of $398.56 million for the quarter. First Citizens BancShares had a return on equity of 10.17% and a net margin of 20.60%.
First Citizens BancShares declared that its board has authorized a share buyback program on Wednesday, October 25th that authorizes the company to buyback 800,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, December 15th. This represents a $1.40 dividend on an annualized basis and a yield of 0.32%. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $0.30. First Citizens BancShares’s payout ratio is 5.22%.
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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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