A Major Shareholder at 1st Citizens BancShares (FCNCA) is Buying Shares


Today, a Major Shareholder at 1st Citizens BancShares (NASDAQ: FCNCA), Frank B. Holding, bought shares of FCNCA for $78K.

Following Frank B. Holding’s last FCNCA Buy transaction on January 12, 2016, the stock climbed by 216.1%. In addition to Frank B. Holding, one other FCNCA executive reported Buy trades in the last month.

See today’s analyst top recommended stocks >>

Based on 1st Citizens BancShares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $391 million and quarterly net profit of $100 million. In comparison, last year the company earned revenue of $374 million and had a net profit of $67.62 million. FCNCA’s market cap is $5.41B and the company has a P/E ratio of 15.19. Currently, 1st Citizens BancShares has an average volume of 23.57K.

Frank B. Holding’s trades have generated a 8.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First Citizens BancShares, Inc. operates as a bank holding company, which engages in the provision of commercial banking services. It offers savings and checking accounts, credit and debit cards, online and mobile banking, mortgage loans, insurance, and retirement plans. The company was founded on August 7, 1986 and is headquartered in Raleigh, NC.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts