Does First Citizens BancShares, Inc. (FCNCA) Have More Gas After Reaching 52-Week High?

January 14, 2018 - By Jacob Falcon

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.19, from 1.06 in 2017Q2. It improved, 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.
Balyasny Asset Management Lc reported 0% stake. Teacher Retirement Systems Of Texas holds 0% or 590 shares in its portfolio. Bb&T Corp has invested 0.08% in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Ameriprise holds 44,322 shares. Cannell Peter B Communications Inc has invested 0.05% of its portfolio in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Credit Suisse Ag holds 9,641 shares. First Citizens Bankshares Trust holds 6,325 shares or 0.31% of its portfolio. Bnp Paribas Arbitrage holds 0% or 823 shares in its portfolio. Barclays Plc invested in 0% or 774 shares. 1,700 were reported by Proshare Advsrs Ltd Liability. Denali Advisors Limited Liability Co holds 10 shares or 0% of its portfolio. Legal And General Gp Public Limited reported 3,052 shares stake. Royal National Bank & Trust Of Canada has 0% invested in First Citizens BancShares, Inc. (NASDAQ:FCNCA) for 1,305 shares. Meeder Asset Mngmt has invested 0% in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Alliancebernstein Limited Partnership owns 0.01% invested in First Citizens BancShares, Inc. (NASDAQ:FCNCA) for 20,500 shares.

Since August 7, 2017, it had 0 insider buys, and 10 selling transactions for $8.80 million activity. BRYANT HOPE HOLDING had sold 2,500 shares worth $862,500 on Tuesday, August 22.

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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