First Citizens BancShares Inc. (NASDAQ:FCNCA) VP Stephen E. Wakefield Sells 3,341 Shares

First Citizens BancShares Inc. (NASDAQ:FCNCA) VP Stephen E. Wakefield sold 3,341 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $50.54, for a total value of $168,854.14.

Shares of NASDAQ:FCNCA traded up $2.20 during trading on Thursday, hitting $484.50. 185 shares of the company’s stock were exchanged, compared to its average volume of 38,587. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.85. First Citizens BancShares Inc. has a 52-week low of $355.18 and a 52-week high of $485.00. The business’s 50-day simple moving average is $449.46 and its 200 day simple moving average is $440.57. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 12.73 and a beta of 1.17.

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

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

A number of institutional investors have recently made changes to their positions in FCNCA. Eaton Vance Management bought a new position in First Citizens BancShares during the second quarter valued at approximately $14,955,000. Renaissance Technologies LLC boosted its stake in First Citizens BancShares by 356.7% during the second quarter. Renaissance Technologies LLC now owns 30,600 shares of the bank’s stock valued at $13,778,000 after buying an additional 23,900 shares during the last quarter. Nuveen Asset Management LLC bought a new position in First Citizens BancShares during the second quarter valued at approximately $7,766,000. Wells Fargo & Company MN boosted its stake 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 valued at $71,496,000 after buying an additional 10,371 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in First Citizens BancShares by 5.0% during the first quarter. Great West Life Assurance Co. Can now owns 160,541 shares of the bank’s stock valued at $65,153,000 after buying an additional 7,665 shares during the last quarter. 44.22% of the stock is owned by institutional investors.

FCNCA has been the subject of several research analyst reports. ValuEngine cut First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub upgraded First Citizens BancShares from a “hold” rating to a “buy” rating in a research 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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Insider Buying and Selling by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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