Semanteon Capital Management LP Invests $1.16 Million in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Semanteon Capital Management LP bought a new position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 816 shares of the bank’s stock, valued at approximately $1,158,000.

Other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in 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 in the last quarter. TriaGen Wealth Management LLC increased its position in First Citizens BancShares by 3.2% during the 4th quarter. TriaGen Wealth Management LLC now owns 286 shares of the bank’s stock valued at $406,000 after purchasing an additional 9 shares during the period. Quent Capital LLC increased its position in First Citizens BancShares by 4.2% during the 4th quarter. Quent Capital LLC now owns 249 shares of the bank’s stock valued at $354,000 after purchasing an additional 10 shares during the period. Blue Trust Inc. increased its position in First Citizens BancShares by 100.0% during the 4th quarter. Blue Trust Inc. now owns 20 shares of the bank’s stock valued at $27,000 after purchasing an additional 10 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in First Citizens BancShares by 4.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 303 shares of the bank’s stock valued at $419,000 after purchasing an additional 12 shares during the period. Institutional investors own 61.18% of the company’s stock.

First Citizens BancShares Trading Up 9.8 %

NASDAQ FCNCA traded up $160.72 during trading hours on Thursday, reaching $1,800.35. The company had a trading volume of 170,427 shares, compared to its average volume of 81,727. The stock has a market capitalization of $26.14 billion, a P/E ratio of 2.23 and a beta of 0.89. First Citizens BancShares, Inc. has a 1-year low of $945.32 and a 1-year high of $1,810.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.82. The stock has a 50-day moving average of $1,572.77 and a 200 day moving average of $1,475.21.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings results 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). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.36 billion. First Citizens BancShares had a return on equity of 13.52% and a net margin of 51.04%. As a group, research analysts anticipate that First Citizens BancShares, Inc. will post 179.92 earnings per share for the current fiscal year.

Insider Transactions at First Citizens BancShares

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

Analyst Ratings Changes

A number of research firms have commented on FCNCA. Barclays began coverage on shares of First Citizens BancShares in a research report on Thursday, April 11th. They set an “equal weight” rating and a $1,850.00 target price on the stock. The Goldman Sachs Group began coverage on shares of First Citizens BancShares in a research report on Thursday, March 21st. They issued a “buy” rating and a $1,950.00 price objective on the stock. UBS Group lifted their price objective on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. StockNews.com downgraded shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,800.00 price objective 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,768.63.

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.