MetLife Investment Advisors LLC acquired a new stake in First Citizens BancShares (NASDAQ:FCNCA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,333 shares of the bank’s stock, valued at approximately $1,343,000.
Other hedge funds have also recently made changes to their positions in the company. Tower View Investment Management & Research LLC purchased a new position in shares of First Citizens BancShares during the 4th quarter worth $121,000. Captrust Financial Advisors purchased a new position in shares of First Citizens BancShares during the 4th quarter worth $185,000. Cardinal Capital Management purchased a new position in shares of First Citizens BancShares during the 4th quarter worth $201,000. Zeke Capital Advisors LLC purchased a new position in shares of First Citizens BancShares during the 4th quarter worth $211,000. Finally, Two Sigma Securities LLC purchased a new position in shares of First Citizens BancShares during the 4th quarter worth $223,000. Institutional investors own 45.68% of the company’s stock.
NASDAQ FCNCA opened at $408.11 on Monday. First Citizens BancShares has a 52 week low of $320.10 and a 52 week high of $463.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $4,901.40, a PE ratio of 14.02 and a beta of 1.12.
First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $6.68 EPS for the quarter. First Citizens BancShares had a return on equity of 10.77% and a net margin of 20.11%. The business had revenue of $414.92 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were issued 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 dividend 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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