NEW YORK (

TheStreet

) --

First Citizens BancShares Inc (DE

(Nasdaq:

FCNCA

) hit a new 52-week low Thursday as it is currently trading at $138.13, below its previous 52-week low of $140.52 with 441 shares traded as of 9:41 a.m. ET. Average volume has been 15,800 shares over the past 30 days.

First Citizens BancShares Inc (DE has a market cap of $1.3 billion and is part of the

financial

sector and

banking

industry. Shares are down 25.2% year to date as of the close of trading on Wednesday.

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First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides various banking products and services to retail and commercial customers in the United States. The company has a P/E ratio of 11.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates First Citizens BancShares Inc (DE as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

First Citizens BancShares Inc (DE Ratings Report

.

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