First Citizens BancShares, Inc. (NASDAQ:FCNCA) is Riposte Capital LLC’s 8th Largest Position

Riposte Capital LLC reduced its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 40.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,000 shares of the bank’s stock after selling 4,000 shares during the period. First Citizens BancShares makes up 2.4% of Riposte Capital LLC’s investment portfolio, making the stock its 8th largest holding. Riposte Capital LLC’s holdings in First Citizens BancShares were worth $12,678,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Financial Life Planners acquired a new position in First Citizens BancShares during the fourth quarter worth $33,000. Hemington Wealth Management grew its stake in shares of First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock worth $33,000 after purchasing an additional 6 shares during the period. Duncker Streett & Co. Inc. purchased a new position in shares of First Citizens BancShares in the 4th quarter valued at about $36,000. Mather Group LLC. lifted its stake in shares of First Citizens BancShares by 38.5% in the fourth quarter. Mather Group LLC. now owns 18 shares of the bank’s stock valued at $38,000 after purchasing an additional 5 shares during the period. Finally, Asset Planning Inc purchased a new stake in First Citizens BancShares during the fourth quarter worth about $38,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at First Citizens BancShares

In related news, CFO Craig L. Nix bought 17 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the purchase, the chief financial officer now owns 1,141 shares in the company, valued at approximately $2,146,369.33. This represents a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FCNCA. Keefe, Bruyette & Woods upped their price target on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Citigroup cut First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Barclays boosted their price objective on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Finally, The Goldman Sachs Group reduced their price target on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,288.08.

First Citizens BancShares Stock Performance

Shares of FCNCA opened at $1,851.20 on Monday. The stock has a market capitalization of $25.13 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.94 and a beta of 0.81. The business’s fifty day moving average price is $2,052.67 and its 200 day moving average price is $2,055.75. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. First Citizens BancShares, Inc. has a 12-month low of $1,518.00 and a 12-month high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Friday, January 24th. The bank reported $45.10 EPS for the quarter, beating analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. Equities research analysts forecast that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, February 28th. First Citizens BancShares’s dividend payout ratio (DPR) is 4.12%.

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.