5 Most Profitable Cheap Stocks To Buy

3. First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Latest TTM Net Income: $11.1 billion

Latest P/E Ratio: 1.87

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is an American regional bank headquartered in Raleigh, North Carolina. After acquiring the defunct Silicon Valley Bank earlier this year, it announced a $6.5 billion community benefits plan to manage SVB’s relationships.

By the end of this year’s third quarter, 46 out of the 910 hedge funds profiled by Insider Monkey were First Citizens BancShares, Inc. (NASDAQ:FCNCA)’s shareholders. Natixis Global Asset Management’s Harris Associates was the largest investor due to its $681 million stake.

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