Corient Capital Partners LLC Acquires 101 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Corient Capital Partners LLC lifted its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCAGet Rating) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,085 shares of the bank’s stock after purchasing an additional 101 shares during the period. Corient Capital Partners LLC’s holdings in First Citizens BancShares were worth $709,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FCNCA. Kestra Advisory Services LLC bought a new stake in First Citizens BancShares in the 1st quarter worth $204,000. Comerica Bank bought a new stake in First Citizens BancShares in the 1st quarter worth $833,000. Steward Partners Investment Advisory LLC bought a new stake in First Citizens BancShares in the 1st quarter worth $64,000. State of New Jersey Common Pension Fund D grew its holdings in First Citizens BancShares by 103.0% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 6,964 shares of the bank’s stock worth $4,635,000 after acquiring an additional 3,534 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in First Citizens BancShares by 116.2% in the 1st quarter. Arizona State Retirement System now owns 3,331 shares of the bank’s stock worth $2,217,000 after acquiring an additional 1,790 shares during the last quarter. Institutional investors own 66.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. DA Davidson lowered shares of First Citizens BancShares from a “buy” rating to a “neutral” rating and set a $950.00 price target on the stock. in a report on Thursday, October 6th. StockNews.com started coverage on shares of First Citizens BancShares in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

First Citizens BancShares Trading Down 0.3 %

NASDAQ:FCNCA opened at $805.27 on Thursday. The company has a 50-day moving average price of $826.57 and a 200-day moving average price of $759.37. First Citizens BancShares, Inc. has a 12 month low of $598.01 and a 12 month high of $947.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.58. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 12.80 and a beta of 0.96.

First Citizens BancShares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.37%. This is a boost from First Citizens BancShares’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, November 29th. First Citizens BancShares’s dividend payout ratio (DPR) is currently 2.99%.

About First Citizens BancShares

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First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.

Further Reading

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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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