BlackRock Inc. raised its holdings in First Citizens BancShares (NASDAQ:FCNCA) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,636 shares of the bank’s stock after buying an additional 4,740 shares during the quarter. BlackRock Inc. owned approximately 4.24% of First Citizens BancShares worth $205,382,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Tower View Investment Management & Research LLC acquired a new position in shares of First Citizens BancShares in the 4th quarter valued at approximately $121,000. Cardinal Capital Management acquired a new stake in shares of First Citizens BancShares during the 4th quarter valued at approximately $201,000. Principal Financial Group Inc. raised its position in shares of First Citizens BancShares by 27.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,171 shares of the bank’s stock valued at $438,000 after acquiring an additional 249 shares in the last quarter. Pacer Advisors Inc. increased its position in First Citizens BancShares by 28.5% in the third quarter. Pacer Advisors Inc. now owns 1,447 shares of the bank’s stock worth $541,000 after buying an additional 321 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in First Citizens BancShares in the third quarter worth $747,000. Institutional investors and hedge funds own 45.68% of the company’s stock.
NASDAQ FCNCA traded down $11.84 during trading hours on Friday, hitting $408.11. The company had a trading volume of 28,625 shares, compared to its average volume of 36,733. First Citizens BancShares has a fifty-two week low of $320.10 and a fifty-two week high of $463.44. The firm has a market capitalization of $4,901.40, a PE ratio of 14.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84.
First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $6.68 earnings per share (EPS) for the quarter. First Citizens BancShares had a return on equity of 10.77% and a net margin of 20.11%. The company had revenue of $414.92 million during the quarter.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.40 annualized dividend and a yield of 0.34%.
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First Citizens BancShares Profile
First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.
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