Suntrust Banks Inc. raised its holdings in shares of First Citizens BancShares Inc. (NASDAQ:FCNCA) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,384 shares of the bank’s stock after buying an additional 6 shares during the period. Suntrust Banks Inc.’s holdings in First Citizens BancShares were worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Teachers Advisors LLC grew its stake in shares of First Citizens BancShares by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 14,223 shares of the bank’s stock valued at $5,301,000 after acquiring an additional 67 shares during the period. Pacer Advisors Inc. increased its stake in shares of First Citizens BancShares by 17.3% in the second quarter. Pacer Advisors Inc. now owns 1,126 shares of the bank’s stock worth $420,000 after purchasing an additional 166 shares in the last quarter. Swiss National Bank raised its position in shares of First Citizens BancShares by 1.7% during the 2nd quarter. Swiss National Bank now owns 12,000 shares of the bank’s stock valued at $4,472,000 after purchasing an additional 200 shares during the period. Nationwide Fund Advisors raised its position in shares of First Citizens BancShares by 3.3% during the 2nd quarter. Nationwide Fund Advisors now owns 7,375 shares of the bank’s stock valued at $2,749,000 after purchasing an additional 233 shares during the period. Finally, Legal & General Group Plc raised its position in shares of First Citizens BancShares by 10.8% during the 2nd quarter. Legal & General Group Plc now owns 2,685 shares of the bank’s stock valued at $1,003,000 after purchasing an additional 261 shares during the period. 44.92% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on FCNCA shares. BidaskClub cut shares of First Citizens BancShares from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine cut First Citizens BancShares from a “buy” rating to a “hold” rating in a report on Friday, August 18th.

In other First Citizens BancShares news, Vice Chairman Hope Holding Bryant sold 2,255 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $339.85, for a total transaction of $766,361.75. Following the transaction, the insider now directly owns 272,572 shares of the company’s stock, valued at $92,633,594.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Olivia Britton Holding sold 5,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $366.26, for a total transaction of $1,831,300.00. Following the transaction, the insider now directly owns 343,898 shares in the company, valued at $125,956,081.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,500 shares of company stock valued at $4,398,866. 19.38% of the stock is owned by company insiders.

First Citizens BancShares Inc. (FCNCA) opened at 381.36 on Wednesday. First Citizens BancShares Inc. has a 1-year low of $280.98 and a 1-year high of $395.15. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 14.95 and a beta of 1.10. The stock has a 50 day moving average price of $347.53 and a 200-day moving average price of $350.62.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, September 15th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.70%.

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First Citizens BancShares Profile

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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