816 Shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 816 shares of the bank’s stock, valued at approximately $1,158,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of First Citizens BancShares by 100.0% in the 4th quarter. Blue Trust Inc. now owns 20 shares of the bank’s stock worth $27,000 after acquiring an additional 10 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of First Citizens BancShares during the 4th quarter valued at $30,000. Lindbrook Capital LLC lifted its holdings in shares of First Citizens BancShares by 53.3% during the 3rd quarter. Lindbrook Capital LLC now owns 23 shares of the bank’s stock valued at $32,000 after buying an additional 8 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in First Citizens BancShares by 362.5% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 37 shares of the bank’s stock worth $52,000 after purchasing an additional 29 shares during the period. Finally, Federated Hermes Inc. raised its holdings in First Citizens BancShares by 60.0% in the 3rd quarter. Federated Hermes Inc. now owns 56 shares of the bank’s stock worth $77,000 after purchasing an additional 21 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

First Citizens BancShares Trading Up 9.8 %

Shares of FCNCA traded up $160.72 on Thursday, hitting $1,800.35. 170,427 shares of the stock traded hands, compared to its average volume of 81,727. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $26.14 billion, a P/E ratio of 2.23 and a beta of 0.89. The stock’s 50 day moving average is $1,572.77 and its two-hundred day moving average is $1,475.21. First Citizens BancShares, Inc. has a 1 year low of $945.32 and a 1 year high of $1,810.03.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data on Friday, January 26th. The bank reported $46.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $48.49 by ($1.91). First Citizens BancShares had a return on equity of 13.52% and a net margin of 51.04%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. As a group, sell-side analysts predict that First Citizens BancShares, Inc. will post 179.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and set a $1,650.00 price objective (up previously from $1,600.00) on shares of First Citizens BancShares in a research report on Monday, April 15th. UBS Group upped their target price on First Citizens BancShares from $1,644.00 to $1,754.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. The Goldman Sachs Group initiated coverage on First Citizens BancShares in a report on Thursday, March 21st. They set a “buy” rating and a $1,950.00 price objective for the company. Barclays initiated coverage on First Citizens BancShares in a research report on Thursday, April 11th. They issued an “equal weight” rating and a $1,850.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $1,800.00 target price on shares of First Citizens BancShares in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,768.63.

Insiders Place Their Bets

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. purchased 622 shares of First Citizens BancShares stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $1,315.00 per share, for a total transaction of $817,930.00. Following the transaction, the chief executive officer now owns 97,609 shares in the company, valued at approximately $128,355,835. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Frank B. Holding, Jr. bought 622 shares of the stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $1,315.00 per share, with a total value of $817,930.00. Following the purchase, the chief executive officer now owns 97,609 shares in the company, valued at $128,355,835. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen R. Alemany sold 600 shares of First Citizens BancShares stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $1,559.09, for a total transaction of $935,454.00. Following the completion of the transaction, the director now directly owns 4,842 shares in the company, valued at approximately $7,549,113.78. The disclosure for this sale can be found here. Insiders purchased a total of 1,388 shares of company stock valued at $1,825,220 in the last ninety days. Corporate insiders own 13.40% of the company’s stock.

First Citizens BancShares Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.