Captrust Financial Advisors Sells 154 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Captrust Financial Advisors decreased its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,579 shares of the bank’s stock after selling 154 shares during the period. Captrust Financial Advisors owned approximately 0.05% of First Citizens BancShares worth $13,953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LRI Investments LLC bought a new position in shares of First Citizens BancShares during the first quarter valued at about $33,000. V Square Quantitative Management LLC bought a new position in First Citizens BancShares in the second quarter worth $35,000. Brooklyn Investment Group purchased a new position in First Citizens BancShares during the 3rd quarter valued at about $39,000. Gradient Investments LLC purchased a new position in shares of First Citizens BancShares during the second quarter valued at approximately $52,000. Finally, GAMMA Investing LLC raised its stake in First Citizens BancShares by 129.6% during the third quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock valued at $114,000 after buying an additional 35 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

First Citizens BancShares Stock Down 0.5 %

NASDAQ FCNCA opened at $2,295.00 on Friday. First Citizens BancShares, Inc. has a 12 month low of $1,363.97 and a 12 month high of $2,388.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. The stock has a market cap of $32.10 billion, a PE ratio of 13.15 and a beta of 0.80. The stock’s 50 day moving average is $2,055.78 and its 200 day moving average is $1,912.44.

First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Thursday, October 24th. The bank reported $45.87 EPS for the quarter, missing the consensus estimate of $47.40 by ($1.53). First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm posted $55.92 EPS. Research analysts predict that First Citizens BancShares, Inc. will post 187.88 EPS for the current fiscal year.

First Citizens BancShares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $1.95 per share. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $1.64. The ex-dividend date is Friday, November 29th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.34%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.47%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FCNCA shares. StockNews.com raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. The Goldman Sachs Group boosted their price target on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wedbush reduced their price target on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on First Citizens BancShares from $2,550.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,093.40.

First Citizens BancShares Company Profile

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.