Harvest Portfolios Group Inc. Sells 309 Shares of First Citizens BancShares, Inc. $FCNCA

Posted by Brenda Bartman on May 20th, 2026

Harvest Portfolios Group Inc. decreased its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA – Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,983 shares of the bank’s stock after selling 309 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in First Citizens BancShares were worth $6,402,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in First Citizens BancShares in the third quarter worth approximately $27,000. Harbor Investment Advisory LLC raised its position in First Citizens BancShares by 150.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 15 shares of the bank’s stock valued at $32,000 after purchasing an additional 9 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of First Citizens BancShares by 100.0% in the 3rd quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock worth $29,000 after buying an additional 8 shares during the period. Root Financial Partners LLC purchased a new stake in shares of First Citizens BancShares in the 3rd quarter worth $32,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of First Citizens BancShares by 280.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19 shares of the bank’s stock worth $34,000 after buying an additional 14 shares in the last quarter. Institutional investors own 78.01% of the company’s stock.

First Citizens BancShares Stock Down 0.8%

First Citizens BancShares stock opened at $1,926.74 on Wednesday. The business has a fifty day moving average of $1,922.72 and a two-hundred day moving average of $1,983.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.67. The firm has a market cap of $22.33 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.48 and a beta of 0.63. First Citizens BancShares, Inc. has a twelve month low of $1,623.76 and a twelve month high of $2,232.21.

First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The bank reported $44.86 earnings per share for the quarter, topping analysts’ consensus estimates of $43.31 by $1.55. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.20 billion. First Citizens BancShares had a return on equity of 11.48% and a net margin of 15.62%.During the same quarter in the prior year, the business earned $37.79 earnings per share. On average, analysts forecast that First Citizens BancShares, Inc. will post 177.84 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $2.10 per share. The ex-dividend date is Friday, May 29th. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. First Citizens BancShares’s dividend payout ratio is currently 4.83%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FCNCA. Weiss Ratings downgraded First Citizens BancShares from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. UBS Group set a $2,325.00 price target on First Citizens BancShares in a research report on Wednesday, February 4th. Piper Sandler set a $2,050.00 price target on First Citizens BancShares in a research report on Friday, April 24th. Keefe, Bruyette & Woods dropped their price target on First Citizens BancShares from $2,375.00 to $2,300.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 price target on the stock. in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, First Citizens BancShares currently has an average rating of “Hold” and a consensus target price of $2,202.08.

Read Our Latest Stock Analysis on First Citizens BancShares

Insiders Place Their Bets

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. sold 5,346 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,918.69, for a total transaction of $10,257,316.74. Following the completion of the sale, the chief executive officer owned 100,654 shares in the company, valued at $193,123,823.26. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 6,198 shares of company stock worth $10,661,547 in the last ninety days. 14.63% of the stock is owned by corporate insiders.

First Citizens BancShares Company Profile

(Free Report)

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.