TIAA CREF Investment Management LLC lessened its stake in shares of First Citizens BancShares (NASDAQ:FCNCA) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,091 shares of the bank’s stock after selling 1,366 shares during the period. TIAA CREF Investment Management LLC owned 0.15% of First Citizens BancShares worth $7,291,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in First Citizens BancShares by 1.7% during the 4th quarter. Swiss National Bank now owns 12,200 shares of the bank’s stock valued at $4,917,000 after acquiring an additional 200 shares in the last quarter. California Public Employees Retirement System grew its stake in First Citizens BancShares by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 16,180 shares of the bank’s stock valued at $6,050,000 after acquiring an additional 604 shares in the last quarter. BlackRock Inc. grew its stake in shares of First Citizens BancShares by 0.9% in the 4th quarter. BlackRock Inc. now owns 509,636 shares of the bank’s stock valued at $205,382,000 after buying an additional 4,740 shares during the period. Bank of New York Mellon Corp grew its stake in shares of First Citizens BancShares by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 43,364 shares of the bank’s stock valued at $17,476,000 after buying an additional 1,087 shares during the period. Finally, Boston Advisors LLC grew its stake in shares of First Citizens BancShares by 7.5% in the 4th quarter. Boston Advisors LLC now owns 15,740 shares of the bank’s stock valued at $6,343,000 after buying an additional 1,099 shares during the period. Hedge funds and other institutional investors own 45.67% of the company’s stock.
NASDAQ:FCNCA opened at $424.23 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $5,067.26, a P/E ratio of 14.50 and a beta of 1.12. First Citizens BancShares has a fifty-two week low of $323.74 and a fifty-two week high of $463.44.
First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $6.68 earnings per share for the quarter. The firm had revenue of $414.92 million during the quarter. First Citizens BancShares had a net margin of 20.11% and a return on equity of 10.77%.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.40 dividend on an annualized basis and a yield of 0.33%.
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About First Citizens BancShares
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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