Company shares are trading at $405.00 a bit higher than the 50 day moving average of $374.36 and which is quite a bit above the 200 day moving average of $358.86. The 50 day moving average was up $30.64 or +8.18% and the 200 day average went up by +12.86%. Trading volume for First Citizens BancShares, Inc. was 23K by the end of trading on Tuesday. Volume was up 1.22% over the stocks average daily volume.
Traders are a little more bullish on the company recently if you pay attention to the fall in short interest. The firm realized a fall in short interest of -6.06% as of the latest report on October 13, 2017. Short shares fell from 111,768 to 104,994 over that timeframe. Days to cover increased 2.0 to 5.0 and the percentage of shorted shares is 0.01% as of October 13.
There has been some selling insider activity on First Citizens BancShares, Inc. (NASDAQ:FCNCA) recently. Vice Chairman Hope Holding Bryant sold 2,500 shares at a price of $340.00 on Mon the 21st. That brings the Vice Chairman’s holdings to $71,168,120 per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (FCNCA). As of the end of the quarter Reinhart Partners, Inc. had sold a total of 30 shares trimming its holdings by 0.3%. The value of the company’s investment in First Citizens BancShares, Inc. decreased from $3,286,000 to $3,286,000 a change of $0 since the last quarter. First Trust Advisors Lp bolstered its stake by buying 330 shares an increase of 1.6% from 06/30/2017 to 09/30/2017. First Trust Advisors Lp currently owns 20,543 shares valued at $7,681,000. The total value of its holdings increased 2.0%.
As of quarter end Parkside Financial Bank & Trust had disposed of 5 shares trimming its stake by 4.8%. The value of the investment in FCNCA went from $39,000 to $37,000 decreasing 5.1% quarter over quarter. As of the end of the quarter Aperio Group, LLC had acquired 111 shares growing its position 7.3%. The value of the investment in First Citizens BancShares, Inc. increased from $564,000 to $607,000 a change of 7.6% for the reporting period.
The company is so far trading up by 0.80% percent from yesterday’s close. The company also recently announced a dividend payable on Tuesday January 2nd, 2018. The dividend will be $0.350 per share for the quarter which comes to $1.40 on an annualized basis. The dividend yield will be $0.34. The ex-dividend date is Friday the 15th of September 2017.
First Citizens BancShares, Inc.’s P/E ratio is 15.88 and the market value is 4.86B.
First Citizens BancShares, Inc. (BancShares), launched on August 8, 1986, 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 is a state-chartered bank. FCB offers a range of retail and commercial banking services. Its loan services include various types of commercial, business and consumer lending. Its deposit services include checking, savings, money market and time deposit accounts. FCB also provides mortgage lending, a full-service trust department, wealth management services for businesses and individuals and other activities incidental to commercial banking. FCB’s subsidiaries, First Citizens Investor Services, Inc. (FCIS) and First Citizens Asset Management, Inc. (FCAM), provide various investment products, including annuities, discount brokerage services and third-party mutual funds to customers primarily through the bank’s branch network, as well as investment advisory services..