First Citizens BancShares (FCNCA) to Release Earnings on Thursday

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect First Citizens BancShares to post earnings of $38.10 per share and revenue of $2.22 billion for the quarter.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, beating the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. On average, analysts expect First Citizens BancShares to post $168 EPS for the current fiscal year and $194 EPS for the next fiscal year.

First Citizens BancShares Trading Down 1.9 %

FCNCA traded down $31.89 during trading on Monday, reaching $1,684.73. 76,699 shares of the company's stock were exchanged, compared to its average volume of 89,161. The company's fifty day moving average price is $1,846.13 and its 200-day moving average price is $2,030.68. The firm has a market capitalization of $22.87 billion, a PE ratio of 8.89, a P/E/G ratio of 0.94 and a beta of 0.66. First Citizens BancShares has a fifty-two week low of $1,473.62 and a fifty-two week high of $2,412.93. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08.

Insider Activity at First Citizens BancShares

In related news, CFO Craig L. Nix acquired 17 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the acquisition, the chief financial officer now owns 1,141 shares in the company, valued at $2,146,369.33. This represents a 1.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FCNCA shares. 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 research note on Tuesday, March 11th. Truist Financial upped their target price on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their target price on First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, StockNews.com upgraded First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, First Citizens BancShares has an average rating of "Moderate Buy" and an average price target of $2,346.09.

About First Citizens BancShares

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.