Deutsche Bank AG Sells 1,980 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Deutsche Bank AG trimmed its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,638 shares of the bank's stock after selling 1,980 shares during the period. Deutsche Bank AG owned 0.11% of First Citizens BancShares worth $33,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. grew its position 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 valued at $38,000 after purchasing an additional 5 shares in the last quarter. Private Advisor Group LLC increased its stake in First Citizens BancShares by 3.0% during the 4th quarter. Private Advisor Group LLC now owns 172 shares of the bank's stock worth $363,000 after buying an additional 5 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in First Citizens BancShares by 1.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank's stock worth $904,000 after purchasing an additional 5 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of First Citizens BancShares by 3.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 155 shares of the bank's stock valued at $328,000 after buying an additional 5 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in First Citizens BancShares by 60.0% in 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 in the last quarter. Hedge funds and other institutional investors own 78.01% of the company's stock.

Insiders Place Their Bets

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. bought 350 shares of the business's stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $1,610.00 per share, with a total value of $563,500.00. Following the purchase, the chief executive officer now directly owns 2,758 shares of the company's stock, valued at approximately $4,440,380. The trade was a 14.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Craig L. Nix bought 17 shares of the company's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $1,881.13 per share, for a total transaction of $31,979.21. Following the acquisition, the chief financial officer now directly owns 1,141 shares in the company, valued at $2,146,369.33. This trade represents a 1.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 13.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FCNCA shares. Keefe, Bruyette & Woods upped their price target on shares of First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an "outperform" rating in a research note on Monday, January 27th. TD Cowen began coverage on shares of First Citizens BancShares in a report on Thursday. They issued a "buy" rating and a $2,400.00 target price on the stock. Cowen initiated coverage on First Citizens BancShares in a research report on Wednesday. They set a "buy" rating on the stock. Barclays lowered their price target on First Citizens BancShares from $2,568.00 to $2,400.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, StockNews.com lowered First Citizens BancShares from a "hold" rating to a "sell" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,336.58.

First Citizens BancShares Price Performance

FCNCA traded down $8.20 during trading hours on Monday, hitting $1,945.38. The company's stock had a trading volume of 6,729 shares, compared to its average volume of 89,132. First Citizens BancShares, Inc. has a 12 month low of $1,473.62 and a 12 month high of $2,412.93. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.94 and a beta of 0.64. The business's 50-day moving average price is $1,784.78 and its 200-day moving average price is $2,009.37. The company has a current ratio of 1.08, a quick 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, beating analysts' consensus estimates of $37.72 by $0.07. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.22 billion. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. Sell-side analysts expect that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, May 30th. First Citizens BancShares's dividend payout ratio (DPR) is 4.47%.

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.