Calamos Advisors LLC Acquires Shares of 4,500 First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Calamos Advisors LLC purchased 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 firm purchased 4,500 shares of the bank's stock, valued at approximately $6,385,000.

A number of other large investors also recently bought and sold shares of the stock. Lindbrook Capital LLC increased its position in shares of First Citizens BancShares by 53.3% in the third quarter. Lindbrook Capital LLC now owns 23 shares of the bank's stock valued at $32,000 after buying an additional 8 shares in the last quarter. TriaGen Wealth Management LLC increased its holdings in First Citizens BancShares by 3.2% in the 4th quarter. TriaGen Wealth Management LLC now owns 286 shares of the bank's stock worth $406,000 after acquiring an additional 9 shares in the last quarter. Quent Capital LLC raised its position in First Citizens BancShares by 4.2% during the fourth quarter. Quent Capital LLC now owns 249 shares of the bank's stock worth $354,000 after acquiring an additional 10 shares during the period. Blue Trust Inc. lifted its holdings in First Citizens BancShares by 100.0% during the fourth quarter. Blue Trust Inc. now owns 20 shares of the bank's stock valued at $27,000 after purchasing an additional 10 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of First Citizens BancShares by 4.1% in the third quarter. Commonwealth Equity Services LLC now owns 303 shares of the bank's stock valued at $419,000 after purchasing an additional 12 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. purchased 622 shares of the stock in a transaction on Tuesday, February 20th. The stock was bought at an average price of $1,315.00 per share, for a total transaction of $817,930.00. Following the acquisition, the chief executive officer now directly owns 97,609 shares of the company's stock, valued at approximately $128,355,835. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ellen R. Alemany sold 600 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $1,559.09, for a total transaction of $935,454.00. Following the completion of the sale, the director now owns 4,842 shares in the company, valued at $7,549,113.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frank B. Holding, Jr. purchased 622 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was bought at an average price of $1,315.00 per share, for a total transaction of $817,930.00. Following the completion of the purchase, the chief executive officer now directly owns 97,609 shares of the company's stock, valued at $128,355,835. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,388 shares of company stock valued at $1,825,220. 13.40% of the stock is currently owned by corporate insiders.

First Citizens BancShares Trading Up 1.0 %

Shares of FCNCA stock traded up $15.45 on Friday, hitting $1,567.36. The stock had a trading volume of 65,460 shares, compared to its average volume of 65,190. The company's 50 day moving average price is $1,564.36 and its 200-day moving average price is $1,470.27. First Citizens BancShares, Inc. has a 1 year low of $945.32 and a 1 year high of $1,651.73. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $22.76 billion, a P/E ratio of 2.00 and a beta of 0.89.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its quarterly earnings data on Friday, January 26th. The bank reported $46.58 earnings per share for the quarter, missing analysts' consensus estimates of $48.49 by ($1.91). First Citizens BancShares had a net margin of 51.04% and a return on equity of 13.52%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. Analysts anticipate that First Citizens BancShares, Inc. will post 177.19 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Wednesday, February 28th. First Citizens BancShares's dividend payout ratio is presently 0.84%.

Analyst Ratings Changes

FCNCA has been the topic of several research reports. Barclays initiated coverage on First Citizens BancShares in a research report on Thursday, April 11th. They issued an "equal weight" rating and a $1,850.00 target price on the stock. UBS Group lifted their target price on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. DA Davidson reiterated a "neutral" rating and issued a $1,650.00 target price (up from $1,600.00) on shares of First Citizens BancShares in a research report on Monday, April 15th. StockNews.com lowered shares of First Citizens BancShares from a "hold" rating to a "sell" rating in a research report on Wednesday, April 3rd. Finally, The Goldman Sachs Group began coverage on shares of First Citizens BancShares in a report on Thursday, March 21st. They issued a "buy" rating and a $1,950.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $1,768.63.

First Citizens BancShares Company 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.