Rhumbline Advisers reduced its position in shares of First Citizens BancShares Inc. (NASDAQ:FCNCA) by 11.5% during the 4th quarter, HoldingsChannel reports. The fund owned 9,904 shares of the bank’s stock after selling 1,289 shares during the period. Rhumbline Advisers’ holdings in First Citizens BancShares were worth $3,991,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of FCNCA. Wells Fargo & Company MN raised its position in shares of First Citizens BancShares by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 219,883 shares of the bank’s stock worth $88,612,000 after purchasing an additional 5,518 shares during the last quarter. Swiss National Bank raised its position in shares of First Citizens BancShares by 1.7% during the 4th quarter. Swiss National Bank now owns 12,200 shares of the bank’s stock worth $4,917,000 after purchasing an additional 200 shares during the last quarter. California Public Employees Retirement System raised its position in shares of First Citizens BancShares by 9.9% during the 4th quarter. California Public Employees Retirement System now owns 17,774 shares of the bank’s stock worth $7,163,000 after purchasing an additional 1,594 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of First Citizens BancShares by 315.3% during the 4th quarter. Teacher Retirement System of Texas now owns 2,450 shares of the bank’s stock worth $987,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Cardinal Capital Management acquired a new position in shares of First Citizens BancShares during the 4th quarter worth about $201,000. 45.68% of the stock is currently owned by institutional investors and hedge funds.
First Citizens BancShares Inc. (NASDAQ:FCNCA) opened at $455.30 on Tuesday. First Citizens BancShares Inc. has a 1 year low of $319.40 and a 1 year high of $460.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $5,477.16, a PE ratio of 15.67 and a beta of 1.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be issued a $0.35 dividend. The ex-dividend date is Friday, March 16th. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. First Citizens BancShares’s payout ratio is 5.19%.
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First Citizens BancShares Company Profile
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.
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