254 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Purchased by Boothbay Fund Management LLC

Posted by Defense World Staff on Mar 6th, 2023

Boothbay Fund Management LLC acquired a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 254 shares of the bank’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FCNCA. RMB Capital Management LLC acquired a new stake in shares of First Citizens BancShares in the second quarter valued at approximately $2,633,000. Greenleaf Trust increased its stake in shares of First Citizens BancShares by 3.1% in the third quarter. Greenleaf Trust now owns 492 shares of the bank’s stock valued at $392,000 after purchasing an additional 15 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of First Citizens BancShares in the third quarter valued at approximately $1,553,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of First Citizens BancShares by 45.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,296 shares of the bank’s stock valued at $847,000 after purchasing an additional 408 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of First Citizens BancShares by 28.2% in the third quarter. MML Investors Services LLC now owns 1,114 shares of the bank’s stock valued at $888,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 66.53% of the company’s stock.

First Citizens BancShares Trading Up 0.6 %

First Citizens BancShares stock opened at $702.00 on Monday. The firm has a 50 day simple moving average of $770.34 and a 200-day simple moving average of $798.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.83. The stock has a market capitalization of $10.19 billion, a PE ratio of 10.40 and a beta of 0.94. First Citizens BancShares, Inc. has a 12-month low of $598.01 and a 12-month high of $885.38.

First Citizens BancShares (NASDAQ:FCNCA – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The bank reported $20.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $23.34 by ($2.40). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.10 billion. First Citizens BancShares had a net margin of 19.79% and a return on equity of 13.07%. As a group, equities research analysts expect that First Citizens BancShares, Inc. will post 89.53 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, February 27th. First Citizens BancShares’s payout ratio is 4.45%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, February 4th.

Insider Buying and Selling

In other First Citizens BancShares news, insider Jeffery L. Ward bought 1,600 shares of First Citizens BancShares stock in a transaction that occurred on Tuesday, December 13th. The stock was purchased at an average cost of $19.93 per share, for a total transaction of $31,888.00. Following the completion of the acquisition, the insider now owns 5,600 shares of the company’s stock, valued at approximately $111,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Craig L. Nix purchased 70 shares of First Citizens BancShares stock in a transaction that occurred on Thursday, March 2nd. The stock was acquired at an average price of $710.04 per share, for a total transaction of $49,702.80. Following the transaction, the chief financial officer now owns 1,046 shares in the company, valued at $742,701.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery L. Ward purchased 1,600 shares of First Citizens BancShares stock in a transaction that occurred on Tuesday, December 13th. The stock was purchased at an average price of $19.93 per share, with a total value of $31,888.00. Following the transaction, the insider now owns 5,600 shares in the company, valued at approximately $111,608. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 2,710 shares of company stock worth $833,135. Corporate insiders own 13.40% of the company’s stock.

First Citizens BancShares Profile

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First Citizens BancShares, Inc is a bank holding company, which provides retail and commercial banking services through its subsidiaries. The company operates under the following segments: General Banking, Commercial Banking, Rail, and Corporate. The General Banking delivers services to individuals through branch networks.