Tradewinds LLC. Invests $5.35 Million in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Tradewinds LLC. bought a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,473 shares of the bank’s stock, valued at approximately $5,347,000. First Citizens BancShares makes up approximately 1.5% of Tradewinds LLC.’s holdings, making the stock its 21st biggest position.

A number of other large investors have also recently bought and sold shares of FCNCA. Financial Life Planners purchased a new stake in First Citizens BancShares during the 4th quarter worth about $33,000. Hemington Wealth Management lifted its holdings 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 purchasing an additional 6 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of First Citizens BancShares during the 4th quarter worth about $36,000. Mather Group LLC. grew its holdings in shares of First Citizens BancShares by 38.5% during the fourth quarter. Mather Group LLC. now owns 18 shares of the bank’s stock worth $38,000 after buying an additional 5 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in shares of First Citizens BancShares in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

Analyst Ratings Changes

FCNCA has been the subject of several analyst reports. Barclays boosted their price target on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. The Goldman Sachs Group reduced their target price on First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price target on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Citizens BancShares in a report on Monday, December 9th. They set a “buy” rating and a $2,600.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,288.08.

First Citizens BancShares Stock Up 1.0 %

Shares of NASDAQ:FCNCA opened at $1,854.12 on Tuesday. The company’s fifty day moving average is $2,018.88 and its two-hundred day moving average is $2,055.75. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. First Citizens BancShares, Inc. has a 1-year low of $1,518.00 and a 1-year high of $2,412.93. The stock has a market capitalization of $25.17 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.94 and a beta of 0.81.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $1.95 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.80 dividend on an annualized basis and a yield of 0.42%. First Citizens BancShares’s dividend payout ratio is currently 4.12%.

Insiders Place Their Bets

In other news, CFO Craig L. Nix bought 17 shares of First Citizens BancShares stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $1,881.13 per share, with a total value of $31,979.21. Following the purchase, the chief financial officer now directly owns 1,141 shares of the company’s stock, valued at approximately $2,146,369.33. This trade represents a 1.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.40% of the stock is owned by corporate insiders.

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.