Thompson Siegel & Walmsley LLC Has $77.67 Million Stock Holdings in First Citizens BancShares, Inc. $FCNCA

Thompson Siegel & Walmsley LLC lowered its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 3.5% in the 4th quarter, Holdings Channel reports. The fund owned 36,188 shares of the bank’s stock after selling 1,327 shares during the period. First Citizens BancShares comprises 1.3% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 10th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in First Citizens BancShares were worth $77,666,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FCNCA. SBI Securities Co. Ltd. bought a new position in shares of First Citizens BancShares during the third quarter worth about $27,000. UMB Bank n.a. grew its position in First Citizens BancShares by 100.0% in the 3rd quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock valued at $29,000 after buying an additional 8 shares in the last quarter. Harbor Investment Advisory LLC grew its position in First Citizens BancShares by 150.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 15 shares of the bank’s stock valued at $32,000 after buying an additional 9 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in First Citizens BancShares by 280.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19 shares of the bank’s stock valued at $34,000 after buying an additional 14 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in First Citizens BancShares by 40.0% in the 3rd quarter. Fifth Third Bancorp now owns 21 shares of the bank’s stock valued at $38,000 after buying an additional 6 shares in the last quarter. Institutional investors own 78.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FCNCA. Piper Sandler set a $2,050.00 price objective on shares of First Citizens BancShares in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of First Citizens BancShares from $2,200.00 to $2,150.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Weiss Ratings lowered shares of First Citizens BancShares from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods decreased their target price on shares of First Citizens BancShares from $2,375.00 to $2,300.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Finally, UBS Group set a $2,325.00 target price on shares of First Citizens BancShares in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2,215.91.

First Citizens BancShares Price Performance

NASDAQ FCNCA opened at $1,990.51 on Monday. The company has a 50 day simple moving average of $1,949.40 and a 200-day simple moving average of $1,993.49. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $23.07 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62. First Citizens BancShares, Inc. has a 52-week low of $1,623.76 and a 52-week high of $2,232.21.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $44.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $43.31 by $1.55. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.20 billion. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. During the same period in the prior year, the firm earned $37.79 earnings per share. Equities research analysts predict that First Citizens BancShares, Inc. will post 177.84 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.83%.

Insiders Place Their Bets

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. acquired 5,940 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $1,726.82 per share, with a total value of $10,257,310.80. Following the completion of the transaction, the chief executive officer owned 38,111 shares in the company, valued at $65,810,837.02. The trade was a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 6,198 shares of company stock worth $10,661,547 over the last 90 days. 14.63% of the stock is currently owned by company insiders.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full?service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.