First Citizens BancShares, Inc. $FCNCA Holdings Lessened by Bronte Capital Management Pty Ltd.

Posted by on Jul 3rd, 2026

Bronte Capital Management Pty Ltd. reduced its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA – Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,492 shares of the bank’s stock after selling 580 shares during the period. First Citizens BancShares comprises 3.3% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 10th largest position. Bronte Capital Management Pty Ltd.’s holdings in First Citizens BancShares were worth $31,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FCNCA. Hilton Head Capital Partners LLC purchased a new stake in First Citizens BancShares during the 4th quarter worth $26,000. Harbor Investment Advisory LLC lifted its holdings in First Citizens BancShares by 150.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 15 shares of the bank’s stock worth $32,000 after buying an additional 9 shares in the last quarter. Reflection Asset Management purchased a new position in First Citizens BancShares in the 4th quarter valued at about $45,000. Allworth Financial LP boosted its position in First Citizens BancShares by 21.7% in the 3rd quarter. Allworth Financial LP now owns 28 shares of the bank’s stock valued at $51,000 after buying an additional 5 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of First Citizens BancShares by 50.0% during the fourth quarter. UMB Bank n.a. now owns 24 shares of the bank’s stock valued at $52,000 after acquiring an additional 8 shares in the last quarter. 78.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. purchased 5,940 shares of the stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $1,726.82 per share, for a total transaction of $10,257,310.80. Following the acquisition, the chief executive officer owned 38,111 shares of the company’s stock, valued at $65,810,837.02. The trade was a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 7,190 shares of company stock valued at $12,573,868. 14.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FCNCA. TD Cowen dropped their target price on First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Zacks Research upgraded First Citizens BancShares from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods lowered their price objective on First Citizens BancShares from $2,375.00 to $2,300.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on First Citizens BancShares from $2,150.00 to $2,350.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Citigroup reiterated a “neutral” rating on shares of First Citizens BancShares in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2,243.75.

View Our Latest Stock Report on FCNCA

First Citizens BancShares Stock Performance

Shares of First Citizens BancShares stock opened at $2,082.99 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.00 and a current ratio of 1.00. First Citizens BancShares, Inc. has a 1 year low of $1,623.76 and a 1 year high of $2,232.21. The firm’s 50-day simple moving average is $2,019.13 and its 200-day simple moving average is $2,022.64. The firm has a market cap of $24.14 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.62 and a beta of 0.62.

First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $44.86 EPS for the quarter, topping analysts’ consensus estimates of $43.31 by $1.55. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $37.79 earnings per share. Equities analysts forecast that First Citizens BancShares, Inc. will post 175.42 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $2.10 dividend. The ex-dividend date was Friday, May 29th. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.83%.

First Citizens BancShares 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.

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

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