First Citizens BancShares Inc. (NASDAQ:FCNCA) Chairman Frank B. Holding, Jr. purchased 200 shares of the stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of $370.55 per share, for a total transaction of $74,110.00. Following the acquisition, the chairman now directly owns 386,303 shares of the company’s stock, valued at approximately $143,144,576.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ FCNCA traded up $5.23 on Friday, reaching $434.95. The stock had a trading volume of 76,640 shares, compared to its average volume of 70,247. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.85 and a quick ratio of 0.84. First Citizens BancShares Inc. has a 1 year low of $355.18 and a 1 year high of $488.44. The company has a market capitalization of $4.95 billion, a P/E ratio of 12.34 and a beta of 1.21.
First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Tuesday, April 30th. The bank reported $9.67 EPS for the quarter. First Citizens BancShares had a return on equity of 11.79% and a net margin of 24.62%. The firm had revenue of $424.14 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.37%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio lifted its position in shares of First Citizens BancShares by 9.8% in the fourth quarter. Strs Ohio now owns 889 shares of the bank’s stock worth $335,000 after buying an additional 79 shares during the last quarter. Rhumbline Advisers lifted its position in shares of First Citizens BancShares by 1.7% in the fourth quarter. Rhumbline Advisers now owns 8,836 shares of the bank’s stock worth $3,332,000 after buying an additional 150 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of First Citizens BancShares by 14.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,941 shares of the bank’s stock worth $732,000 after buying an additional 248 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of First Citizens BancShares in the fourth quarter worth about $960,000. Finally, Parallel Advisors LLC lifted its position in shares of First Citizens BancShares by 958.8% in the fourth quarter. Parallel Advisors LLC now owns 180 shares of the bank’s stock worth $67,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 44.61% of the company’s stock.
Separately, BidaskClub downgraded First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th.
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About First Citizens BancShares
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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