Emerald Mutual Fund Advisers Trust Has $528,000 Stock Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Emerald Mutual Fund Advisers Trust reduced its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 74.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250 shares of the bank's stock after selling 736 shares during the period. Emerald Mutual Fund Advisers Trust's holdings in First Citizens BancShares were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in First Citizens BancShares by 19.2% in the 3rd quarter. Barclays PLC now owns 7,195 shares of the bank's stock valued at $13,246,000 after buying an additional 1,158 shares during the period. SkyView Investment Advisors LLC raised its position in First Citizens BancShares by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 735 shares of the bank's stock valued at $1,353,000 after purchasing an additional 24 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in First Citizens BancShares during the third quarter worth $5,400,000. Tidal Investments LLC boosted its holdings in shares of First Citizens BancShares by 95.6% in the 3rd quarter. Tidal Investments LLC now owns 1,158 shares of the bank's stock valued at $2,132,000 after purchasing an additional 566 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of First Citizens BancShares in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 78.01% of the company's stock.

First Citizens BancShares Trading Up 2.8 %

FCNCA traded up $49.85 during midday trading on Friday, hitting $1,831.32. 83,400 shares of the company were exchanged, compared to its average volume of 88,668. The firm's 50 day moving average price is $1,788.84 and its 200-day moving average price is $2,017.11. First Citizens BancShares, Inc. has a 1-year low of $1,473.62 and a 1-year high of $2,412.93. The firm has a market capitalization of $24.86 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.94 and a beta of 0.64. 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 quarterly earnings data on Thursday, April 24th. The bank reported $37.79 EPS for the quarter, topping analysts' consensus estimates of $37.72 by $0.07. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.22 billion. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. As a group, equities analysts forecast that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Craig L. Nix acquired 17 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $1,881.13 per share, for a total transaction of $31,979.21. Following the purchase, the chief financial officer now directly owns 1,141 shares of the company's stock, valued at $2,146,369.33. The trade was a 1.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler raised First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 target price for the company in a research note on Tuesday, March 11th. Barclays decreased their price target on shares of 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. The Goldman Sachs Group dropped their price objective on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods boosted their target price 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. Finally, JPMorgan Chase & Co. increased their price target on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,330.82.

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.