Stifel Financial Corp Has $9.24 Million Stock Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Stifel Financial Corp raised its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,370 shares of the bank's stock after acquiring an additional 199 shares during the period. Stifel Financial Corp's holdings in First Citizens BancShares were worth $9,237,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in First Citizens BancShares by 19.2% during the third quarter. Barclays PLC now owns 7,195 shares of the bank's stock worth $13,246,000 after acquiring an additional 1,158 shares during the period. SkyView Investment Advisors LLC increased its holdings in shares of First Citizens BancShares by 3.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 735 shares of the bank's stock worth $1,353,000 after purchasing an additional 24 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of First Citizens BancShares during the third quarter valued at about $5,400,000. Tidal Investments LLC lifted its stake in shares of First Citizens BancShares by 95.6% in the third quarter. Tidal Investments LLC now owns 1,158 shares of the bank's stock valued at $2,132,000 after buying an additional 566 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in First Citizens BancShares during the third quarter worth about $203,000. 78.01% of the stock is currently owned by institutional investors.

First Citizens BancShares Price Performance

Shares of First Citizens BancShares stock traded up $49.85 during trading on Friday, reaching $1,831.32. The company's stock had a trading volume of 83,400 shares, compared to its average volume of 88,773. First Citizens BancShares, Inc. has a one year low of $1,473.62 and a one year high of $2,412.93. The stock has a 50-day moving average price of $1,788.84 and a two-hundred day moving average price of $2,016.93. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $24.86 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.64.

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 analysts' consensus estimates of $37.72 by $0.07. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.22 billion. As a group, sell-side analysts anticipate that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

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

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, CFO Craig L. Nix bought 17 shares of the company's stock in a transaction on 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 transaction, the chief financial officer now owns 1,141 shares of the company's stock, valued at approximately $2,146,369.33. The trade was a 1.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FCNCA shares. Truist Financial raised their price objective on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. StockNews.com downgraded shares of First Citizens BancShares from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. 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. JPMorgan Chase & Co. lifted their target price on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, Piper Sandler raised shares of First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 price target for the company in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, First Citizens BancShares presently has a consensus rating of "Moderate Buy" and an average price target 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.