The Chairman & CEO of First Citizens BancShares, Inc. Class A (FCNCA) is Buying Shares


Today, the Chairman & CEO of First Citizens BancShares, Inc. Class A (FCNCA), Frank B. Holding, bought shares of FCNCA for $2.36M.

In addition to Frank B. Holding, 4 other FCNCA executives reported Buy trades in the last month. Following this transaction Frank B. Holding’s holding in the company was increased by 1.25% to a total of $263 million.

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Based on First Citizens BancShares, Inc. Class A’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $440 million and quarterly net profit of $111 million. In comparison, last year the company earned revenue of $390 million and had a net profit of $100 million. FCNCA’s market cap is $4.92B and the company has a P/E ratio of 12.40. Currently, First Citizens BancShares, Inc. Class A has an average volume of 65.27K.

In the last 30 days, insiders have sold $8.96M worth of FCNCA shares and purchased $3.28M worth of FCNCA shares. The insider sentiment on First Citizens BancShares, Inc. Class A has been neutral according to 64 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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First Citizens BancShares, Inc. operates as a bank holding company, which engages in the provision of retail and commercial banking services. Its offers loan and deposit services. The loan services include commercial, business and consumer lending. The deposit services include checking, savings, money market and time deposit accounts.

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