Brown Advisory Reduces $14M in First Citizens BancShares, Inc. ($FCNCA)
Key Points
- Brown Advisory changed its First Citizens BancShares, Inc. ($FCNCA) stake by 6.9% last quarter, cutting to 87,124 shares worth $184.44 million.
- Wall Street's consensus rating on $FCNCA is Hold and an average price target of $2,211.25.
- $FCNCA last traded around $2,117.01.
Brown Advisory trimmed its position in First Citizens BancShares, Inc. ($FCNCA) by 6.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,124 shares of First Citizens BancShares, Inc. after selling 6,495 shares during the quarter. Brown Advisory's holdings in First Citizens BancShares, Inc. were worth $184.44 million as of its most recent filing.
First Citizens BancShares, Inc. ($FCNCA) Stock
First Citizens BancShares, Inc. Earnings
First Citizens BancShares, Inc. Dividend
Analysts Set New Price Targets
About First Citizens BancShares, Inc.
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally. It operates through the General Bank, Commercial Bank, and Rail segments. The General Bank segment offers deposit products, including checking, savings, money market, and time deposit accounts; conforming and jumbo residential mortgage, and business and commercial loans; brokerage, investment advisory, private stock loans, other secured and unsecured lending products, and vineyard development loans; planning-based financial strategies, family office, financial planning, tax planning, and trust services; and payment and treasury services. This segment also includes a community association bank business that supports deposit, cash management, and lending to homeowner associations and property management companies. Its Commercial Bank segment provides a range of leasing, capital markets, asset management, and other financial and advisory services; factoring, receivable management, supply chain financing, and secured financing services; and commercial deposit products and services through online and mobile banking platforms, as well as physical locations. The Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers. Its railcar types include covered hopper cars used to ship grain and agricultural products, plastic pellets, sand, and cement; tank cars for energy products and chemicals; gondolas for coal, steel coil and mill service products; open-top hopper cars for coal and aggregates; boxcars for paper and auto parts; and centerbeams and flat cars for lumber. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.