Diversified Trust Co Sells 27 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Diversified Trust Co lessened its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,102 shares of the bank’s stock after selling 27 shares during the period. Diversified Trust Co’s holdings in First Citizens BancShares were worth $2,329,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of First Citizens BancShares in the 3rd quarter valued at approximately $39,000. GAMMA Investing LLC boosted its stake in First Citizens BancShares by 129.6% in the 3rd quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock valued at $114,000 after buying an additional 35 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of First Citizens BancShares by 17.7% during the second quarter. National Bank of Canada FI now owns 73 shares of the bank’s stock valued at $124,000 after acquiring an additional 11 shares during the period. Quarry LP acquired a new stake in shares of First Citizens BancShares in the 2nd quarter valued at $126,000. Finally, Private Trust Co. NA grew its holdings in shares of First Citizens BancShares by 2,100.0% in the 3rd quarter. Private Trust Co. NA now owns 88 shares of the bank’s stock worth $162,000 after purchasing an additional 84 shares during the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup downgraded shares of First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. UBS Group began coverage on shares of First Citizens BancShares in a research note on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 target price for the company. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods downgraded First Citizens BancShares from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $2,100.00 to $2,500.00 in a research report on Wednesday, December 4th. Finally, Wedbush decreased their target price on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2,290.75.

First Citizens BancShares Stock Down 1.5 %

Shares of NASDAQ FCNCA opened at $2,116.86 on Wednesday. First Citizens BancShares, Inc. has a 1 year low of $1,363.97 and a 1 year high of $2,388.78. The firm’s 50-day moving average is $2,153.54 and its 200-day moving average is $1,995.31. 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 firm has a market capitalization of $29.61 billion, a PE ratio of 12.13 and a beta of 0.83.

First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Thursday, October 24th. The bank reported $45.87 EPS for the quarter, missing analysts’ consensus estimates of $47.40 by ($1.53). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.36 billion. First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. During the same period in the prior year, the firm posted $55.92 EPS. Equities analysts expect that First Citizens BancShares, Inc. will post 188.21 EPS for the current year.

First Citizens BancShares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $1.95 dividend. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Friday, November 29th. This represents a $7.80 annualized dividend and a yield of 0.37%. First Citizens BancShares’s dividend payout ratio is presently 4.47%.

First Citizens BancShares 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.