Research Analysts’ Recent Ratings Changes for First Citizens BancShares (FCNCA)

A number of research firms have changed their ratings and price targets for First Citizens BancShares (NASDAQ: FCNCA):

• 1/16/2025 – First Citizens BancShares was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/14/2025 – First Citizens BancShares was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $2,500.00 price target on the stock.
• 1/8/2025 – First Citizens BancShares was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/7/2025 – First Citizens BancShares had its price target raised by analysts at JPMorgan Chase & Co. from $2,550.00 to $2,600.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – First Citizens BancShares is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $2,303.00 price target on the stock.
• 1/6/2025 – First Citizens BancShares had its price target raised by analysts at Barclays PLC from $2,250.00 to $2,456.00. They now have an “equal weight” rating on the stock.
• 12/17/2024 – First Citizens BancShares was downgraded by analysts at Citigroup Inc. from a “strong-buy” rating to a “hold” rating.
• 12/17/2024 – First Citizens BancShares is now covered by analysts at UBS Group AG. They set a “buy” rating and a $2,700.00 price target on the stock.
• 12/9/2024 – First Citizens BancShares was upgraded by analysts at Citigroup Inc. from a “hold” rating to a “strong-buy” rating.
• 12/9/2024 – First Citizens BancShares is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $2,600.00 price target on the stock.
• 12/4/2024 – First Citizens BancShares was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $2,500.00 price target on the stock, up previously from $2,100.00.
• 11/26/2024 – First Citizens BancShares had its price target raised by analysts at The Goldman Sachs Group, Inc. from $2,025.00 to $2,625.00. They now have a “buy” rating on the stock.

First Citizens BancShares Trading Up 0.2 %

Shares of First Citizens BancShares stock traded up $3.49 on Thursday, hitting $2,156.01. 59,960 shares of the company’s stock traded hands, compared to its average volume of 66,673. The company has a fifty day moving average of $2,167.37 and a two-hundred day moving average of $2,011.73. The company has a market capitalization of $30.16 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.86. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. First Citizens BancShares, Inc. has a one year low of $1,363.97 and a one year high of $2,388.78.

First Citizens BancShares (NASDAQ:FCNCA) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $45.87 EPS for the quarter, missing analysts’ consensus estimates of $47.40 by ($1.53). First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business posted $55.92 EPS. As a group, sell-side analysts expect that First Citizens BancShares, Inc. will post 186.98 earnings per share for the current year.

First Citizens BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $1.95 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from First Citizens BancShares’s previous quarterly dividend of $1.64. This represents a $7.80 annualized dividend and a yield of 0.36%. First Citizens BancShares’s dividend payout ratio (DPR) is 4.47%.

Institutional Investors Weigh In On First Citizens BancShares

A number of hedge funds have recently made changes to their positions in the business. Jackson Square Capital LLC purchased a new position in shares of First Citizens BancShares during the 4th quarter valued at $999,000. Ameritas Advisory Services LLC purchased a new stake in First Citizens BancShares during the fourth quarter valued at about $427,000. Brooklyn Investment Group boosted its position in First Citizens BancShares by 33.3% during the fourth quarter. Brooklyn Investment Group now owns 28 shares of the bank’s stock worth $57,000 after purchasing an additional 7 shares during the period. Park Avenue Securities LLC increased its stake in shares of First Citizens BancShares by 25.1% in the fourth quarter. Park Avenue Securities LLC now owns 494 shares of the bank’s stock worth $1,044,000 after purchasing an additional 99 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of First Citizens BancShares by 20.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 214 shares of the bank’s stock valued at $453,000 after purchasing an additional 37 shares during the period. 78.01% of the stock is currently owned by institutional investors.

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.