First Citizens BancShares Inc. (FCNCA) Shares Bought by American Century Companies Inc.
American Century Companies Inc. grew its holdings in First Citizens BancShares Inc. (NASDAQ:FCNCA) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,782 shares of the bank’s stock after purchasing an additional 825 shares during the quarter. American Century Companies Inc. owned about 0.22% of First Citizens BancShares worth $9,721,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of FCNCA. Quantamental Technologies LLC acquired a new position in shares of First Citizens BancShares during the fourth quarter valued at about $38,000. Quad Cities Investment Group LLC grew its position in First Citizens BancShares by 50.0% during the fourth quarter. Quad Cities Investment Group LLC now owns 150 shares of the bank’s stock worth $57,000 after buying an additional 50 shares in the last quarter. Parallel Advisors LLC raised its holdings in First Citizens BancShares by 958.8% in the 4th quarter. Parallel Advisors LLC now owns 180 shares of the bank’s stock valued at $67,000 after acquiring an additional 163 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of First Citizens BancShares by 40.3% in the 4th quarter. Meeder Asset Management Inc. now owns 247 shares of the bank’s stock worth $93,000 after acquiring an additional 71 shares during the period. Finally, Bruderman Asset Management LLC bought a new stake in shares of First Citizens BancShares in the 4th quarter worth approximately $151,000. Institutional investors and hedge funds own 46.73% of the company’s stock.
Separately, BidaskClub upgraded shares of First Citizens BancShares from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd.
Shares of First Citizens BancShares stock opened at $422.15 on Wednesday. The stock has a market cap of $4.90 billion, a PE ratio of 12.63 and a beta of 1.19. First Citizens BancShares Inc. has a twelve month low of $355.18 and a twelve month high of $488.44. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09.
First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings results on Wednesday, January 30th. The bank reported $7.62 earnings per share (EPS) for the quarter. The firm had revenue of $402.89 million during the quarter. First Citizens BancShares had a net margin of 23.88% and a return on equity of 11.60%.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, March 15th.
First Citizens BancShares Profile
First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.
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