Media coverage about First Citizens BancShares (NASDAQ:FCNCA) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Citizens BancShares earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 44.9643811813493 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of First Citizens BancShares (NASDAQ FCNCA) traded up $2.65 during trading hours on Friday, reaching $447.01. 56,420 shares of the company’s stock traded hands, compared to its average volume of 31,956. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 0.86. First Citizens BancShares has a 52 week low of $319.40 and a 52 week high of $459.27. The firm has a market cap of $5,580.00, a P/E ratio of 16.67 and a beta of 1.15.
First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Wednesday, October 25th. The bank reported $5.58 earnings per share (EPS) for the quarter. First Citizens BancShares had a net margin of 20.60% and a return on equity of 10.17%. The company had revenue of $398.56 million for the quarter.
First Citizens BancShares declared that its board has authorized a share buyback program on Wednesday, October 25th that authorizes the company to repurchase 800,000 outstanding shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a dividend of $0.35 per share. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, December 15th. First Citizens BancShares’s payout ratio is 5.22%.
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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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