First Citizens BancShares Inc. (FCNCA) Vice Chairman Hope Holding Bryant Sells 1,661 Shares of Stock

First Citizens BancShares Inc. (NASDAQ:FCNCA) Vice Chairman Hope Holding Bryant sold 1,661 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $426.32, for a total value of $708,117.52. Following the completion of the transaction, the insider now directly owns 347,791 shares of the company’s stock, valued at $148,270,259.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hope Holding Bryant also recently made the following trade(s):

  • On Monday, November 26th, Hope Holding Bryant sold 531 shares of First Citizens BancShares stock. The stock was sold at an average price of $432.00, for a total value of $229,392.00.
  • On Friday, November 16th, Hope Holding Bryant sold 2,000 shares of First Citizens BancShares stock. The stock was sold at an average price of $436.50, for a total value of $873,000.00.

Shares of FCNCA stock opened at $429.00 on Tuesday. First Citizens BancShares Inc. has a 1-year low of $393.77 and a 1-year high of $488.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.09. The firm has a market cap of $5.07 billion, a P/E ratio of 13.17 and a beta of 1.11.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Wednesday, October 24th. The bank reported $9.80 earnings per share for the quarter. The firm had revenue of $401.89 million for the quarter. First Citizens BancShares had a return on equity of 11.46% and a net margin of 21.65%.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, December 14th. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.35.

A number of institutional investors have recently bought and sold shares of FCNCA. Public Employees Retirement Association of Colorado purchased a new stake in First Citizens BancShares during the 2nd quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Citizens BancShares by 99.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 379 shares of the bank’s stock worth $171,000 after buying an additional 189 shares during the last quarter. Commonwealth Bank of Australia purchased a new stake in shares of First Citizens BancShares in the third quarter worth about $180,000. Bank of Montreal Can purchased a new stake in shares of First Citizens BancShares in the second quarter worth about $208,000. Finally, Verition Fund Management LLC purchased a new stake in shares of First Citizens BancShares in the second quarter worth about $213,000. Institutional investors and hedge funds own 49.53% of the company’s stock.

Separately, BidaskClub downgraded First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Friday.

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First Citizens BancShares Company Profile

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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