Natixis Advisors L.P. Has $27.63 Million Stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Natixis Advisors L.P. boosted its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,469 shares of the bank's stock after buying an additional 1,020 shares during the period. Natixis Advisors L.P. owned 0.13% of First Citizens BancShares worth $27,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Benjamin Edwards Inc. grew its position in First Citizens BancShares by 12.7% in the 4th quarter. Benjamin Edwards Inc. now owns 248 shares of the bank's stock valued at $352,000 after buying an additional 28 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in First Citizens BancShares by 82.7% in the 4th quarter. Victory Capital Management Inc. now owns 9,569 shares of the bank's stock valued at $13,578,000 after acquiring an additional 4,332 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in First Citizens BancShares by 45.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,045 shares of the bank's stock valued at $9,997,000 after acquiring an additional 2,201 shares during the last quarter. Headlands Technologies LLC lifted its holdings in First Citizens BancShares by 260.4% in the 4th quarter. Headlands Technologies LLC now owns 191 shares of the bank's stock valued at $271,000 after acquiring an additional 138 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in First Citizens BancShares in the 4th quarter valued at about $1,158,000. Institutional investors own 61.18% of the company's stock.

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, major shareholder Olivia Britton Holding acquired 466 shares of First Citizens BancShares stock in a transaction dated Tuesday, February 20th. The stock was bought at an average cost of $1,315.00 per share, with a total value of $612,790.00. Following the acquisition, the insider now owns 121,694 shares of the company's stock, valued at $160,027,610. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Olivia Britton Holding purchased 466 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $1,315.00 per share, with a total value of $612,790.00. Following the acquisition, the insider now directly owns 121,694 shares of the company's stock, valued at approximately $160,027,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen R. Alemany sold 1,000 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $1,757.27, for a total transaction of $1,757,270.00. Following the completion of the sale, the director now owns 1,335 shares of the company's stock, valued at approximately $2,345,955.45. The disclosure for this sale can be found here. In the last three months, insiders acquired 1,388 shares of company stock valued at $1,825,220 and sold 2,600 shares valued at $4,458,964. 13.40% of the stock is owned by insiders.

First Citizens BancShares Stock Performance

First Citizens BancShares stock traded down $3.50 during mid-day trading on Friday, reaching $1,710.00. The company had a trading volume of 62,387 shares, compared to its average volume of 82,503. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.82. First Citizens BancShares, Inc. has a 52 week low of $945.32 and a 52 week high of $1,810.03. The company has a 50 day moving average of $1,600.68 and a 200-day moving average of $1,493.30. The firm has a market cap of $24.83 billion, a price-to-earnings ratio of 9.49 and a beta of 0.86.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, May 30th. First Citizens BancShares's payout ratio is 3.64%.

Analysts Set New Price Targets

FCNCA has been the subject of a number of analyst reports. StockNews.com raised shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a research note on Monday, April 29th. Piper Sandler lowered shares of First Citizens BancShares from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $1,850.00 to $1,950.00 in a research note on Friday, April 26th. UBS Group upped their price objective on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $2,100.00 price objective (up from $1,900.00) on shares of First Citizens BancShares in a research note on Friday, April 26th. Finally, Barclays upped their price objective on shares of First Citizens BancShares from $1,850.00 to $1,950.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,829.90.

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.