Portfolio Manager Ray Lin, CFA, talks with Barron's about First Citizen's Banc Shares
"The financial institution, which bought the failed SVB, has become a trusted partner for the FDIC."
“This continued insider buying tells us that First Citizens management believes that their shares are undervalued, and they have confidence in the long-term prospects,” says Ray Lin, a portfolio manager at Fuller & Thaler Asset Management, which owns the shares."
Fuller & Thaler’s Behavioral Mid Cap Value Fund and Fuller & Thaler Behavioral Small-Mid Core Equity Fund own First Citizens BancShares Inc (3.4% and 2.5% of the portfolio’s respectively).
Current and future portfolio holdings are subject to risk. Holdings are subject to change and do not constitute a recommendation or solicitation to buy or sell a particular security.
The thoughts and opinions expressed in the article are solely those of the author. The discussion of individual companies should not be considered a recommendation of such companies by the Fund's investment adviser. The discussion is designed to provide a reader with an understanding of how the Fund's investment adviser manages the Fund's portfolio.
