Somewhat Favorable News Coverage Somewhat Unlikely to Affect First Citizens BancShares (FCNCA) Stock Price

News coverage about First Citizens BancShares (NASDAQ:FCNCA) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Citizens BancShares earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 47.1979249337396 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

First Citizens BancShares (NASDAQ:FCNCA) traded up $1.61 during trading on Tuesday, hitting $416.59. The company’s stock had a trading volume of 70,876 shares, compared to its average volume of 29,077. The company has a market cap of $5,390.00, a P/E ratio of 15.45 and a beta of 1.13. First Citizens BancShares has a 1-year low of $319.40 and a 1-year high of $459.27. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $6.68 earnings per share (EPS) for the quarter. The business had revenue of $414.92 million during the quarter. First Citizens BancShares had a return on equity of 10.86% and a net margin of 20.11%.

First Citizens BancShares declared that its board has authorized a share buyback plan on Wednesday, October 25th that authorizes the company to buyback 800,000 outstanding shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.34%. First Citizens BancShares’s payout ratio is currently 5.19%.

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About First Citizens BancShares

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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