Angel Oak Capital Advisors LLC lifted its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 51.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590 shares of the bank's stock after buying an additional 200 shares during the period. First Citizens BancShares makes up 1.5% of Angel Oak Capital Advisors LLC's investment portfolio, making the stock its 11th largest holding. Angel Oak Capital Advisors LLC's holdings in First Citizens BancShares were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Capital International Investors raised its holdings in First Citizens BancShares by 78.2% during the fourth quarter. Capital International Investors now owns 172,723 shares of the bank's stock worth $364,967,000 after purchasing an additional 75,785 shares during the last quarter. Egerton Capital UK LLP lifted its stake in shares of First Citizens BancShares by 21.7% during the first quarter. Egerton Capital UK LLP now owns 124,773 shares of the bank's stock worth $231,344,000 after purchasing an additional 22,257 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of First Citizens BancShares by 169,861.1% in the first quarter. GAMMA Investing LLC now owns 122,372 shares of the bank's stock worth $226,892,000 after acquiring an additional 122,300 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Citizens BancShares by 83.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,523 shares of the bank's stock worth $227,198,000 after acquiring an additional 48,994 shares in the last quarter. Finally, Northern Trust Corp raised its stake in First Citizens BancShares by 16.9% during the fourth quarter. Northern Trust Corp now owns 76,739 shares of the bank's stock valued at $162,151,000 after buying an additional 11,122 shares in the last quarter. 78.01% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Jefferies Financial Group began coverage on First Citizens BancShares in a report on Wednesday, May 21st. They set a "hold" rating and a $2,050.00 target price for the company. Cowen reaffirmed a "buy" rating on shares of First Citizens BancShares in a research report on Monday, July 28th. TD Cowen initiated coverage on First Citizens BancShares in a report on Thursday, May 15th. They set a "buy" rating and a $2,400.00 target price on the stock. Piper Sandler set a $2,150.00 price target on First Citizens BancShares and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Barclays decreased their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $2,291.17.
Check Out Our Latest Analysis on FCNCA
Insider Transactions at First Citizens BancShares
In related news, insider Hope Holding Bryant purchased 409 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was purchased at an average cost of $1,630.00 per share, with a total value of $666,670.00. Following the completion of the purchase, the insider owned 1,764 shares in the company, valued at approximately $2,875,320. This trade represents a 30.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Olivia Britton Holding bought 409 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $1,630.00 per share, with a total value of $666,670.00. Following the completion of the transaction, the insider owned 1,764 shares of the company's stock, valued at $2,875,320. This represents a 30.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,494 shares of company stock worth $2,485,986. Company insiders own 13.19% of the company's stock.
First Citizens BancShares Stock Up 1.1%
Shares of First Citizens BancShares stock traded up $20.80 during trading hours on Monday, reaching $1,848.93. 138,065 shares of the company's stock were exchanged, compared to its average volume of 111,216. The company has a 50 day moving average of $1,968.06 and a two-hundred day moving average of $1,918.01. First Citizens BancShares, Inc. has a fifty-two week low of $1,473.62 and a fifty-two week high of $2,412.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.77. The stock has a market cap of $24.57 billion, a P/E ratio of 10.91 and a beta of 0.64.
First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The bank reported $44.78 earnings per share for the quarter, beating the consensus estimate of $39.08 by $5.70. First Citizens BancShares had a net margin of 16.37% and a return on equity of 11.30%. The firm had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.21 billion. On average, sell-side analysts forecast that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.
First Citizens BancShares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, August 29th. First Citizens BancShares's payout ratio is 4.60%.
First Citizens BancShares Profile
(
Free Report)
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.
Featured Stories

Before you consider First Citizens BancShares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Citizens BancShares wasn't on the list.
While First Citizens BancShares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report