DA Davidson Analysts Increase Earnings Estimates for FCNCA

First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) - Stock analysts at DA Davidson upped their Q2 2025 earnings per share estimates for First Citizens BancShares in a report released on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $38.85 per share for the quarter, up from their prior estimate of $38.67. The consensus estimate for First Citizens BancShares' current full-year earnings is $167.59 per share.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its quarterly 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. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.22 billion. First Citizens BancShares had a return on equity of 11.98% and a net margin of 17.10%.

FCNCA has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price target on First Citizens BancShares from $2,100.00 to $2,250.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group dropped their target price on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Wall Street Zen lowered shares of First Citizens BancShares from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Piper Sandler upgraded shares of First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 price objective for the company in a research note on Tuesday, March 11th. Finally, Cowen initiated coverage on First Citizens BancShares in a report on Wednesday, May 14th. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,291.08.

First Citizens BancShares Stock Up 1.5%

Shares of FCNCA stock traded up $30.60 during trading hours on Wednesday, reaching $2,073.91. 71,518 shares of the stock were exchanged, compared to its average volume of 88,744. The business's fifty day moving average is $1,857.94 and its two-hundred day moving average is $1,939.91. The firm has a market capitalization of $27.56 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.91 and a beta of 0.64. 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.

Hedge Funds Weigh In On First Citizens BancShares

A number of large investors have recently modified their holdings of the business. Private Advisor Group LLC raised its position in shares of First Citizens BancShares by 3.0% in the fourth quarter. Private Advisor Group LLC now owns 172 shares of the bank's stock valued at $363,000 after buying an additional 5 shares during the last quarter. Exencial Wealth Advisors LLC boosted its position in First Citizens BancShares by 1.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank's stock worth $904,000 after acquiring an additional 5 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in First Citizens BancShares by 3.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 155 shares of the bank's stock worth $328,000 after acquiring an additional 5 shares during the period. JT Stratford LLC raised its holdings in First Citizens BancShares by 0.4% in the 4th quarter. JT Stratford LLC now owns 1,247 shares of the bank's stock valued at $2,635,000 after acquiring an additional 5 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of First Citizens BancShares by 54.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 17 shares of the bank's stock worth $32,000 after purchasing an additional 6 shares during the period. 78.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. purchased 350 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $1,610.00 per share, with a total value of $563,500.00. Following the completion of the acquisition, the chief executive officer directly owned 2,758 shares of the company's stock, valued at approximately $4,440,380. This trade represents a 14.53% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.19% of the stock is owned by company insiders.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a $1.95 dividend. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, May 30th. First Citizens BancShares's payout ratio is currently 4.47%.

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.