Somewhat Favorable News Coverage Somewhat Unlikely to Affect First Citizens BancShares (FCNCA) Share Price

News coverage about First Citizens BancShares (NASDAQ:FCNCA) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Citizens BancShares earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.4003206846704 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of First Citizens BancShares (NASDAQ:FCNCA) traded up $10.64 on Thursday, hitting $414.00. The company had a trading volume of 23,818 shares, compared to its average volume of 22,367. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.86 and a quick ratio of 0.85. First Citizens BancShares has a 52-week low of $319.40 and a 52-week high of $436.00. The stock has a market capitalization of $4,858.04, a PE ratio of 15.44 and a beta of 1.15.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $5.58 earnings per share for the quarter. The company had revenue of $398.56 million for the quarter. First Citizens BancShares had a return on equity of 10.17% and a net margin of 20.60%.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, December 15th. This represents a $1.40 dividend on an annualized basis and a yield of 0.34%. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $0.30. First Citizens BancShares’s payout ratio is 5.22%.

First Citizens BancShares declared that its board has authorized a share buyback program on Wednesday, October 25th that authorizes the company to buyback 800,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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About First Citizens BancShares

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

Insider Buying and Selling by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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