Parametrica Management Ltd grew its holdings in shares of First Citizens BancShares Inc. (NASDAQ:FCNCA) by 39.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,051 shares of the bank’s stock after purchasing an additional 295 shares during the quarter. First Citizens BancShares comprises about 0.9% of Parametrica Management Ltd’s investment portfolio, making the stock its 16th biggest position. Parametrica Management Ltd’s holdings in First Citizens BancShares were worth $428,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank bought a new position in First Citizens BancShares in the 1st quarter worth $35,000. Quantamental Technologies LLC bought a new position in First Citizens BancShares in the 4th quarter worth $38,000. Quad Cities Investment Group LLC raised its holdings in First Citizens BancShares by 50.0% in the 4th quarter. Quad Cities Investment Group LLC now owns 150 shares of the bank’s stock worth $57,000 after acquiring an additional 50 shares during the period. Parallel Advisors LLC raised its holdings in First Citizens BancShares by 958.8% in the 4th quarter. Parallel Advisors LLC now owns 180 shares of the bank’s stock worth $67,000 after acquiring an additional 163 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in First Citizens BancShares by 40.3% in the 4th quarter. Meeder Asset Management Inc. now owns 247 shares of the bank’s stock worth $93,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.
NASDAQ FCNCA opened at $447.73 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 12.73 and a beta of 1.21. First Citizens BancShares Inc. has a 52-week low of $355.18 and a 52-week high of $488.44.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 annualized dividend and a yield of 0.36%.
Separately, BidaskClub upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th.
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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