150 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Acquired by Chapman Financial Group LLC

Chapman Financial Group LLC bought a new stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 150 shares of the bank's stock, valued at approximately $317,000.

Other hedge funds have also bought and sold shares of the company. Financial Life Planners bought a new position in shares of First Citizens BancShares during the 4th quarter valued at about $33,000. Hemington Wealth Management grew its position in First Citizens BancShares by 60.0% during the fourth quarter. Hemington Wealth Management now owns 16 shares of the bank's stock valued at $33,000 after acquiring an additional 6 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new position in shares of First Citizens BancShares during the fourth quarter worth approximately $36,000. Mather Group LLC. raised its stake 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 acquiring an additional 5 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in shares of First Citizens BancShares in the 4th quarter worth approximately $38,000. 78.01% of the stock is currently owned by institutional investors.

First Citizens BancShares Stock Performance

Shares of FCNCA stock opened at $1,831.32 on Monday. The firm has a market capitalization of $24.86 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.94 and a beta of 0.64. The stock has a fifty day moving average of $1,788.84 and a 200 day moving average of $2,016.45. First Citizens BancShares, Inc. has a 52 week low of $1,473.62 and a 52 week high of $2,412.93. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $37.79 EPS for the quarter, topping the consensus estimate of $37.72 by $0.07. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. The firm had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.22 billion. As a group, research analysts expect that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.95 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.43%. First Citizens BancShares's dividend payout ratio (DPR) is 4.47%.

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, CFO Craig L. Nix acquired 17 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the completion of the purchase, the chief financial officer now directly owns 1,141 shares of the company's stock, valued at approximately $2,146,369.33. The trade was a 1.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Piper Sandler upgraded shares of First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 target price on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group decreased their price objective on First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Truist Financial increased their target price on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. 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 research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their price objective on 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, First Citizens BancShares presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,330.82.

First Citizens BancShares Profile

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.

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