Is Buying First Citizens BancShares, Inc. (FCNCA) Here a Winning Strategy?

January 14, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.19, from 1.06 in 2017Q2. It increased, as 6 investors sold First Citizens BancShares, Inc. shares while 42 reduced holdings. 21 funds opened positions while 39 raised stakes. 5.35 million shares or 0.24% less from 5.36 million shares in 2017Q2 were reported.
Brinker Cap accumulated 3,214 shares. Ameritas Inv Ptnrs Inc stated it has 0.01% in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Aperio Ltd Liability accumulated 1,624 shares. Acadian Asset Ltd Liability Corporation reported 0.03% stake. Royal Bancshares Of Canada stated it has 1,305 shares or 0% of all its holdings. Deutsche Natl Bank Ag reported 0% stake. Moreover, Zebra Capital Mngmt Ltd Liability has 0.62% invested in First Citizens BancShares, Inc. (NASDAQ:FCNCA) for 5,112 shares. The Minnesota-based Us Bankshares De has invested 0% in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Moreover, Triangle Wealth Mgmt has 0.15% invested in First Citizens BancShares, Inc. (NASDAQ:FCNCA) for 690 shares. Blackrock Inc holds 504,896 shares or 0.01% of its portfolio. Gmt stated it has 0.02% in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Sheets Smith Wealth Mgmt accumulated 2,873 shares. Martingale Asset Mngmt L P invested 0.11% of its portfolio in First Citizens BancShares, Inc. (NASDAQ:FCNCA). 2,698 were reported by Gsa Ptnrs Llp. Guggenheim Limited has 0% invested in First Citizens BancShares, Inc. (NASDAQ:FCNCA).

Since August 7, 2017, it had 0 insider buys, and 10 insider sales for $8.80 million activity. BRYANT HOPE HOLDING sold $88,705 worth of stock or 245 shares.

The stock of First Citizens BancShares, Inc. (NASDAQ:FCNCA) hit a new 52-week high and has $460.42 target or 3.00 % above today’s $447.01 share price. The 9 months bullish chart indicates low risk for the $5.32 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $460.42 price target is reached, the company will be worth $159.48M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.60% or $2.65 during the last trading session, reaching $447.01. About 56,420 shares traded or 163.79% up from the average. First Citizens BancShares, Inc. (NASDAQ:FCNCA) has risen 33.93% since January 14, 2017 and is uptrending. It has outperformed by 17.23% the S&P500.

Another recent and important First Citizens BancShares, Inc. (NASDAQ:FCNCA) news was published by Bizjournals.com which published an article titled: “One of Tampa’s largest banks sells to North Carolina bank” on December 18, 2017.

First Citizens BancShares, Inc. operates as the holding firm for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. The company has market cap of $5.32 billion. The Company’s deposit products include checking, savings, money market and time deposit accounts. It has a 16.67 P/E ratio. 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, and consumer loans.

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