First Citizens BancShares Inc. (FCNCA) Major Shareholder Olivia Britton Holding Sells 7,969 Shares

First Citizens BancShares Inc. (NASDAQ:FCNCA) major shareholder Olivia Britton Holding sold 7,969 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $427.50, for a total transaction of $3,406,747.50. Following the completion of the transaction, the insider now owns 424,127 shares in the company, valued at approximately $181,314,292.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Olivia Britton Holding also recently made the following trade(s):

  • On Monday, November 19th, Olivia Britton Holding sold 2,000 shares of First Citizens BancShares stock. The stock was sold at an average price of $435.00, for a total transaction of $870,000.00.
  • On Thursday, November 15th, Olivia Britton Holding sold 1,000 shares of First Citizens BancShares stock. The stock was sold at an average price of $435.00, for a total transaction of $435,000.00.

FCNCA traded down $0.47 during trading on Monday, reaching $429.00. The company had a trading volume of 24,967 shares, compared to its average volume of 24,866. The company has a market cap of $5.07 billion, a PE ratio of 13.17 and a beta of 1.11. First Citizens BancShares Inc. has a 52 week low of $393.77 and a 52 week high of $488.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.09.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Monday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.37%. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, December 14th.

Several hedge funds have recently added to or reduced their stakes in FCNCA. Principal Financial Group Inc. grew its stake in First Citizens BancShares by 42.5% in the first quarter. Principal Financial Group Inc. now owns 1,127 shares of the bank’s stock valued at $466,000 after purchasing an additional 336 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in First Citizens BancShares by 68.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 2,474 shares of the bank’s stock valued at $997,000 after purchasing an additional 1,003 shares during the last quarter. Sei Investments Co. grew its stake in First Citizens BancShares by 54.3% in the second quarter. Sei Investments Co. now owns 648 shares of the bank’s stock valued at $261,000 after purchasing an additional 228 shares during the last quarter. Schroder Investment Management Group grew its stake in First Citizens BancShares by 1,659.2% in the second quarter. Schroder Investment Management Group now owns 1,204,887 shares of the bank’s stock valued at $31,086,000 after purchasing an additional 1,136,397 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in First Citizens BancShares by 10.8% in the second quarter. Voya Investment Management LLC now owns 3,658 shares of the bank’s stock valued at $1,475,000 after purchasing an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 49.53% of the company’s stock.

Separately, BidaskClub lowered shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Friday.

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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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Insider Buying and Selling by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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