Whittier Trust Co. Has $11.83 Million Stock Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Whittier Trust Co. grew its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,382 shares of the bank's stock after purchasing an additional 404 shares during the quarter. Whittier Trust Co.'s holdings in First Citizens BancShares were worth $11,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in First Citizens BancShares by 54.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 17 shares of the bank's stock worth $32,000 after buying an additional 6 shares in the last quarter. Community Bank N.A. acquired a new stake in shares of First Citizens BancShares in the 1st quarter valued at $44,000. Wayfinding Financial LLC acquired a new stake in shares of First Citizens BancShares in the 1st quarter valued at $64,000. Toth Financial Advisory Corp boosted its holdings in shares of First Citizens BancShares by 263.6% in the 1st quarter. Toth Financial Advisory Corp now owns 40 shares of the bank's stock valued at $74,000 after purchasing an additional 29 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of First Citizens BancShares in the 4th quarter valued at $77,000. Institutional investors and hedge funds own 78.01% of the company's stock.

First Citizens BancShares Trading Up 0.2%

NASDAQ:FCNCA traded up $3.62 during trading hours on Wednesday, hitting $2,084.48. 69,019 shares of the company were exchanged, compared to its average volume of 89,148. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.96 and a beta of 0.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.77. First Citizens BancShares, Inc. has a one year low of $1,473.62 and a one year high of $2,412.93. The company has a fifty day simple moving average of $1,925.05 and a 200 day simple moving average of $1,939.56.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $37.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $37.72 by $0.07. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.22 billion. First Citizens BancShares had a return on equity of 11.98% and a net margin of 17.10%. Sell-side analysts expect that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a yield of 0.37%. The ex-dividend date was Friday, May 30th. First Citizens BancShares's dividend payout ratio is currently 4.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FCNCA shares. JPMorgan Chase & Co. raised their target price on First Citizens BancShares from $2,100.00 to $2,250.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Barclays reduced their target price 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. Jefferies Financial Group started coverage on First Citizens BancShares in a report on Wednesday, May 21st. They issued a "hold" rating and a $2,050.00 target price on the stock. UBS Group reaffirmed a "buy" rating and issued a $2,410.00 target price on shares of First Citizens BancShares in a report on Wednesday, July 9th. Finally, Wall Street Zen downgraded First Citizens BancShares from a "hold" rating to a "sell" rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,299.50.

Insider Transactions at First Citizens BancShares

In related news, CEO Frank B. Holding, Jr. bought 350 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $1,610.00 per share, with a total value of $563,500.00. Following the transaction, the chief executive officer directly owned 2,758 shares in the company, valued at approximately $4,440,380. This trade represents a 14.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is currently owned by corporate insiders.

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.