First Citizens BancShares Inc. (NASDAQ:FCNCA) Shares Acquired by EJF Capital LLC

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EJF Capital LLC raised its holdings in shares of First Citizens BancShares Inc. (NASDAQ:FCNCA) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,801 shares of the bank’s stock after acquiring an additional 119 shares during the period. EJF Capital LLC owned approximately 0.13% of First Citizens BancShares worth $6,664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Great West Life Assurance Co. Can lifted its stake in shares of First Citizens BancShares by 5.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 160,541 shares of the bank’s stock valued at $65,153,000 after purchasing an additional 7,665 shares during the period. Wells Fargo & Company MN raised its position in First Citizens BancShares by 7.0% during the second quarter. Wells Fargo & Company MN now owns 158,786 shares of the bank’s stock worth $71,496,000 after acquiring an additional 10,371 shares during the period. Geode Capital Management LLC raised its position in First Citizens BancShares by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 92,838 shares of the bank’s stock worth $35,004,000 after acquiring an additional 4,602 shares during the period. AQR Capital Management LLC raised its position in First Citizens BancShares by 14.7% during the second quarter. AQR Capital Management LLC now owns 52,664 shares of the bank’s stock worth $23,713,000 after acquiring an additional 6,759 shares during the period. Finally, Bank of America Corp DE raised its position in First Citizens BancShares by 5.7% during the second quarter. Bank of America Corp DE now owns 32,088 shares of the bank’s stock worth $14,448,000 after acquiring an additional 1,724 shares during the period. Institutional investors and hedge funds own 44.22% of the company’s stock.

In other First Citizens BancShares news, Chairman Frank B. Holding, Jr. bought 100 shares of the stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average cost of $370.00 per share, for a total transaction of $37,000.00. Following the completion of the transaction, the chairman now owns 386,303 shares in the company, valued at approximately $142,932,110. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert R. Hoppe bought 80 shares of the stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $427.00 per share, for a total transaction of $34,160.00. Following the completion of the transaction, the director now owns 280 shares of the company’s stock, valued at approximately $119,560. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 267 shares of company stock worth $103,350 and sold 63,341 shares worth $27,513,977. 16.20% of the stock is owned by company insiders.

FCNCA stock traded up $1.35 during mid-day trading on Thursday, hitting $483.65. 179 shares of the company were exchanged, compared to its average volume of 38,587. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $5.32 billion, a P/E ratio of 12.73 and a beta of 1.17. The business has a fifty day simple moving average of $449.46 and a 200-day simple moving average of $440.57. First Citizens BancShares Inc. has a 12-month low of $355.18 and a 12-month high of $485.00.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Tuesday, July 30th. The bank reported $10.56 earnings per share for the quarter. The company had revenue of $434.22 million during the quarter. First Citizens BancShares had a net margin of 25.38% and a return on equity of 12.42%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.33%.

A number of research firms have recently issued reports on FCNCA. ValuEngine lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub raised shares of First Citizens BancShares from a “hold” rating to a “buy” rating in a report on Thursday, September 12th.

About First Citizens BancShares

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.

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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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