How Analysts Feel About First Citizens BancShares Inc. (FCNCA) After Forming Bullish Double Top Pattern?

July 18, 2017 - By Henry Gaston

Investors sentiment increased to 1.49 in Q4 2016. Its up 0.17, from 1.32 in 2016Q3. It increased, as 7 investors sold First Citizens BancShares Inc. shares while 42 reduced holdings. 24 funds opened positions while 49 raised stakes. 5.43 million shares or 1.78% less from 5.53 million shares in 2016Q3 were reported.
Blackrock Institutional Na reported 215,197 shares stake. Huber Cap Management Ltd Llc reported 2.04% in First Citizens BancShares Inc. (NASDAQ:FCNCA). Deutsche Natl Bank Ag stated it has 12,669 shares. Ameritas Investment has invested 0.01% in First Citizens BancShares Inc. (NASDAQ:FCNCA). Wells Fargo And Company Mn stated it has 179,868 shares. River Road Asset Ltd owns 18,629 shares or 0.13% of their US portfolio. Sterling Mngmt Ltd Liability Corp stated it has 0% in First Citizens BancShares Inc. (NASDAQ:FCNCA). Metropolitan Life Insurance New York invested 0.01% in First Citizens BancShares Inc. (NASDAQ:FCNCA). Brandywine Global Investment Limited Liability Company accumulated 0.04% or 18,914 shares. Hbk Investments Limited Partnership holds 700 shares. Sei has 0% invested in First Citizens BancShares Inc. (NASDAQ:FCNCA). Maltese Cap Limited Co reported 1,200 shares. 8,696 are owned by Teachers Retirement Sys Of The State Of Kentucky. Cornerstone Capital Limited Liability Company has invested 0.04% in First Citizens BancShares Inc. (NASDAQ:FCNCA). Strs Ohio invested in 0.01% or 4,000 shares.

Since May 15, 2017, it had 1 buy, and 0 sales for $6,524 activity.

The chart of First Citizens BancShares Inc. (FCNCA) shows a double top with $388.98 target or 4.00 % above today’s $374.02 share price. The 8 months chart pattern indicates low risk for the $4.71 billion company. It was reported on Jul, 18 by Finviz.com. If the $388.98 price target is reached, the company will be worth $188.40 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.09% or $0.32 during the last trading session, reaching $374.02. About shares traded. First Citizens BancShares Inc. (NASDAQ:FCNCA) has risen 33.93% since July 18, 2016 and is uptrending. It has outperformed by 17.23% the S&P500.

More notable recent First Citizens BancShares Inc. (NASDAQ:FCNCA) news were published by: Journalnow.com which released: “The Briefcase: Area living wage standard presentation set for tonight” on July 17, 2017, also Nasdaq.com with their article: “KS Bancorp Board Statement” published on July 17, 2017, Journalnow.com published: “The Briefcase: First Citizens discloses unsolicited offer for NC bank” on July 13, 2017. More interesting news about First Citizens BancShares Inc. (NASDAQ:FCNCA) were released by: Globenewswire.com and their article: “First Citizens BancShares Reports Earnings for First Quarter 2017” published on April 26, 2017 as well as Nasdaq.com‘s news article titled: “First Citizens BancShares About To Put More Money In Your Pocket (FCNCA)” with publication date: June 21, 2017.

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