AlphaCentric Advisors LLC Has $82,000 Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

AlphaCentric Advisors LLC decreased its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39 shares of the bank’s stock after selling 7 shares during the period. AlphaCentric Advisors LLC’s holdings in First Citizens BancShares were worth $82,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FCNCA. Financial Life Planners bought a new position in shares of First Citizens BancShares in the fourth quarter valued at approximately $33,000. Hemington Wealth Management raised its position in First Citizens BancShares by 60.0% in the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock valued at $33,000 after buying an additional 6 shares during the last quarter. Mather Group LLC. lifted its stake in First Citizens BancShares by 38.5% during the 4th quarter. Mather Group LLC. now owns 18 shares of the bank’s stock valued at $38,000 after acquiring an additional 5 shares in the last quarter. Asset Planning Inc bought a new position in First Citizens BancShares during the 4th quarter valued at $38,000. Finally, Brooklyn Investment Group purchased a new position in First Citizens BancShares during the 3rd quarter worth $39,000. 78.01% of the stock is owned by institutional investors.

First Citizens BancShares Trading Up 1.6 %

Shares of First Citizens BancShares stock opened at $2,141.49 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $29.96 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.00 and a beta of 0.85. First Citizens BancShares, Inc. has a 52-week low of $1,475.85 and a 52-week high of $2,412.93. The stock’s 50-day simple moving average is $2,143.58 and its 200 day simple moving average is $2,066.03.

First Citizens BancShares (NASDAQ:FCNCA) last announced its quarterly earnings results on Friday, January 24th. The bank reported $45.10 EPS for the quarter, beating analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. As a group, research analysts anticipate that First Citizens BancShares, Inc. will post 165.15 EPS for the current year.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $1.95 dividend. This represents a $7.80 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, February 28th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.12%.

Analysts Set New Price Targets

Several analysts have recently commented on FCNCA shares. StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Keefe, Bruyette & Woods increased their price objective on shares of First Citizens BancShares from $2,500.00 to $2,600.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. The Goldman Sachs Group boosted their target price on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler upped their target price on First Citizens BancShares from $2,100.00 to $2,250.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, First Citizens BancShares has an average rating of “Moderate Buy” and a consensus price target of $2,323.50.

About First Citizens BancShares

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.