Teachers Advisors LLC Acquires 67 Shares of First Citizens BancShares, Inc. (FCNCA)

Teachers Advisors LLC boosted its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,223 shares of the bank’s stock after purchasing an additional 67 shares during the period. Teachers Advisors LLC owned approximately 0.12% of First Citizens BancShares worth $5,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in First Citizens BancShares by 17.3% in the second quarter. Pacer Advisors Inc. now owns 1,126 shares of the bank’s stock worth $420,000 after purchasing an additional 166 shares during the last quarter. Swiss National Bank raised its stake in shares of First Citizens BancShares by 1.7% during the second quarter. Swiss National Bank now owns 12,000 shares of the bank’s stock valued at $4,472,000 after acquiring an additional 200 shares during the last quarter. Legal & General Group Plc raised its stake in shares of First Citizens BancShares by 10.8% during the second quarter. Legal & General Group Plc now owns 2,685 shares of the bank’s stock valued at $1,003,000 after acquiring an additional 261 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of First Citizens BancShares during the second quarter valued at about $214,000. Finally, Cannell Peter B & Co. Inc. raised its stake in shares of First Citizens BancShares by 69.2% during the second quarter. Cannell Peter B & Co. Inc. now owns 1,650 shares of the bank’s stock valued at $615,000 after acquiring an additional 675 shares during the last quarter. 44.92% of the stock is owned by institutional investors and hedge funds.

FCNCA has been the subject of several recent analyst reports. BidaskClub downgraded shares of First Citizens BancShares from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine downgraded shares of First Citizens BancShares from a “buy” rating to a “hold” rating in a research note on Friday, August 18th.

First Citizens BancShares, Inc. (FCNCA) opened at 383.25 on Wednesday. The stock’s 50 day moving average is $352.86 and its 200 day moving average is $352.42. First Citizens BancShares, Inc. has a 52 week low of $280.98 and a 52 week high of $395.15. The company has a market capitalization of $4.60 billion, a P/E ratio of 15.02 and a beta of 1.10.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were issued a $0.30 dividend. The ex-dividend date was Friday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.31%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.70%.

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In related news, major shareholder Olivia Britton Holding sold 245 shares of First Citizens BancShares stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $362.06, for a total transaction of $88,704.70. Following the completion of the sale, the insider now owns 343,898 shares in the company, valued at approximately $124,511,709.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Hope Holding Bryant sold 2,255 shares of First Citizens BancShares stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $339.85, for a total transaction of $766,361.75. Following the sale, the insider now owns 272,572 shares of the company’s stock, valued at approximately $92,633,594.20. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock valued at $4,398,866 in the last 90 days. Company insiders own 19.38% of the company’s stock.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

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

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