Alua Capital Management LP Has $41.44 Million Stock Holdings in First Citizens BancShares, Inc. $FCNCA

Alua Capital Management LP trimmed its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 43.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,159 shares of the bank’s stock after selling 17,700 shares during the period. First Citizens BancShares comprises about 2.9% of Alua Capital Management LP’s holdings, making the stock its 14th largest position. Alua Capital Management LP owned approximately 0.19% of First Citizens BancShares worth $41,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in First Citizens BancShares during the 3rd quarter valued at about $27,000. UMB Bank n.a. raised its stake in shares of First Citizens BancShares by 100.0% in the third quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock worth $29,000 after purchasing an additional 8 shares during the last quarter. MAI Capital Management raised its stake in shares of First Citizens BancShares by 500.0% in the second quarter. MAI Capital Management now owns 18 shares of the bank’s stock worth $35,000 after purchasing an additional 15 shares during the last quarter. Steph & Co. bought a new position in shares of First Citizens BancShares in the third quarter valued at approximately $32,000. Finally, Root Financial Partners LLC bought a new position in shares of First Citizens BancShares in the third quarter valued at approximately $32,000. 78.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FCNCA shares. Piper Sandler upped their price target on First Citizens BancShares from $2,000.00 to $2,100.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Wall Street Zen upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. TD Cowen cut their price objective on shares of First Citizens BancShares from $2,600.00 to $2,500.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Truist Financial upped their target price on shares of First Citizens BancShares from $2,050.00 to $2,150.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Finally, Zacks Research downgraded shares of First Citizens BancShares from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, First Citizens BancShares presently has a consensus rating of “Moderate Buy” and an average price target of $2,238.27.

First Citizens BancShares Price Performance

FCNCA opened at $1,768.04 on Friday. The firm has a 50-day moving average price of $2,048.46 and a 200-day moving average price of $1,954.01. First Citizens BancShares, Inc. has a twelve month low of $1,473.62 and a twelve month high of $2,232.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 10.67 and a beta of 0.68.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data on Friday, January 23rd. The bank reported $51.27 EPS for the quarter, topping the consensus estimate of $44.24 by $7.03. First Citizens BancShares had a net margin of 15.21% and a return on equity of 11.18%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. Equities analysts expect that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $2.10 per share. The ex-dividend date is Friday, February 27th. This represents a $8.40 annualized dividend and a dividend yield of 0.5%. First Citizens BancShares’s dividend payout ratio is currently 5.07%.

First Citizens BancShares Profile

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.