DA Davidson Issues Optimistic Estimate for FCNCA Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) - DA Davidson raised their FY2025 earnings per share estimates for First Citizens BancShares in a research note issued on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $166.20 for the year, up from their prior estimate of $163.70. The consensus estimate for First Citizens BancShares' current full-year earnings is $167.59 per share. DA Davidson also issued estimates for First Citizens BancShares' FY2026 earnings at $191.75 EPS.

Several other equities analysts have also recently commented on the stock. TD Cowen started coverage on shares of First Citizens BancShares in a research note on Thursday, May 15th. They set a "buy" rating and a $2,400.00 target price on the stock. The Goldman Sachs Group decreased their price objective on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Piper Sandler raised First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 target price on the stock in a report on Tuesday, March 11th. Cowen initiated coverage on First Citizens BancShares in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Finally, Citigroup lifted their price target on First Citizens BancShares from $1,900.00 to $2,050.00 and gave the company a "neutral" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,323.67.

First Citizens BancShares Stock Performance

Shares of FCNCA stock opened at $2,073.91 on Thursday. First Citizens BancShares has a 12-month low of $1,473.62 and a 12-month high of $2,412.93. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.95 and a beta of 0.64. The business has a 50 day simple moving average of $1,863.97 and a 200 day simple moving average of $1,940.83.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $37.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $37.72 by $0.07. First Citizens BancShares had a return on equity of 11.98% and a net margin of 17.10%. The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.22 billion.

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, May 30th. First Citizens BancShares's payout ratio is 4.47%.

Insider Transactions at First Citizens BancShares

In related news, CEO Frank B. Holding, Jr. purchased 350 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $1,610.00 per share, for a total transaction of $563,500.00. Following the completion of the acquisition, the chief executive officer owned 2,758 shares in the company, valued at $4,440,380. This trade represents a 14.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.40% of the company's stock.

Institutional Investors Weigh In On First Citizens BancShares

Several institutional investors have recently made changes to their positions in FCNCA. Sei Investments Co. increased its position in First Citizens BancShares by 69.6% during the fourth quarter. Sei Investments Co. now owns 3,031 shares of the bank's stock worth $6,404,000 after buying an additional 1,244 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of First Citizens BancShares during the 1st quarter valued at about $439,000. Janney Montgomery Scott LLC raised its stake in shares of First Citizens BancShares by 5.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,991 shares of the bank's stock valued at $7,402,000 after acquiring an additional 202 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Citizens BancShares in the 4th quarter worth approximately $39,739,000. Finally, Assetmark Inc. grew its holdings in First Citizens BancShares by 57.7% during the fourth quarter. Assetmark Inc. now owns 5,363 shares of the bank's stock valued at $11,332,000 after purchasing an additional 1,962 shares during the last quarter. 78.01% of the stock is currently owned by institutional investors and hedge funds.

First Citizens BancShares Company Profile

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.

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