Olivia Britton Holding Sells 2,000 Shares of First Citizens BancShares Inc. (FCNCA) Stock

First Citizens BancShares Inc. (NASDAQ:FCNCA) major shareholder Olivia Britton Holding sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $435.00, for a total value of $870,000.00. Following the sale, the insider now owns 347,791 shares of the company’s stock, valued at $151,289,085. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Olivia Britton Holding also recently made the following trade(s):

  • On Thursday, November 15th, Olivia Britton Holding sold 1,000 shares of First Citizens BancShares stock. The shares were sold at an average price of $435.00, for a total value of $435,000.00.

Shares of First Citizens BancShares stock opened at $424.36 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $5.04 billion, a PE ratio of 13.10 and a beta of 1.12. First Citizens BancShares Inc. has a 1-year low of $393.77 and a 1-year high of $488.44.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, December 14th. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.38%.

Hedge funds have recently modified their holdings of the company. Public Employees Retirement Association of Colorado bought a new position in shares of First Citizens BancShares during the second quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First Citizens BancShares by 99.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 379 shares of the bank’s stock worth $171,000 after purchasing an additional 189 shares during the last quarter. Commonwealth Bank of Australia bought a new position in shares of First Citizens BancShares during the third quarter worth about $180,000. Bank of Montreal Can bought a new position in shares of First Citizens BancShares during the second quarter worth about $208,000. Finally, Verition Fund Management LLC bought a new position in shares of First Citizens BancShares during the second quarter worth about $213,000. 46.64% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub upgraded First Citizens BancShares from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 4th.

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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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