First Citizens BancShares (NASDAQ:FCNCA) Shares Unloaded Rep. Thomas H. Kean, Jr.

Key Points

• Representative Thomas H. Kean, Jr. sold between $1,001 and $15,000 of First Citizens BancShares (NASDAQ:FCNCA) on March 26 via his KEAN FAMILY PARTNERSHIP, after having purchased FCNCA shares on Feb. 5.
• First Citizens reported a quarterly beat (EPS $51.27 vs. $44.24 expected; revenue $2.44B vs. $2.24B), and the stock trades near $1,991 with a market cap of $23.8B, P/E of 12.0, and a $2.10 quarterly dividend (~0.4% yield).
• Analysts have a consensus "Moderate Buy" rating with a ~$2,227 price target, institutional investors own about 78% of the stock, and insiders (including CEO Frank B. Holding Jr.) have recently purchased shares, bringing insider ownership to ~14.6%.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of First Citizens BancShares, Inc. NASDAQ: FCNCA. In a filing disclosed on April 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in First Citizens BancShares stock on March 26th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 3/31/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 3/26/2026.
• Purchased $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 3/26/2026.
• Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 3/26/2026.
• Sold $15,001 - $50,000 in shares of Chubb NYSE: CB on 3/26/2026.
• Sold $15,001 - $50,000 in shares of S&P Global NYSE: SPGI on 3/26/2026.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 3/10/2026.
• Purchased $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 2/18/2026.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 2/13/2026.
• Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 2/5/2026.

First Citizens BancShares Stock Performance

Shares of FCNCA stock opened at $1,990.98 on Wednesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.03 and a quick ratio of 1.03. The company's fifty day moving average price is $1,945.67 and its two-hundred day moving average price is $1,947.62. The firm has a market capitalization of $23.77 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.49 and a beta of 0.65. First Citizens BancShares, Inc. has a 12 month low of $1,623.76 and a 12 month high of $2,232.21.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its earnings results on Friday, January 23rd. The bank reported $51.27 earnings per share for the quarter, beating the consensus estimate of $44.24 by $7.03. First Citizens BancShares had a return on equity of 11.18% and a net margin of 15.21%.The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, research analysts anticipate that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $2.10 dividend. The ex-dividend date was Friday, February 27th. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. First Citizens BancShares's payout ratio is currently 5.07%.

Wall Street Analysts Forecast Growth

FCNCA has been the subject of a number of recent analyst reports. Zacks Research upgraded First Citizens BancShares from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. UBS Group set a $2,325.00 target price on First Citizens BancShares in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $2,200.00 target price (down from $2,450.00) on shares of First Citizens BancShares in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods decreased their price target on shares of First Citizens BancShares from $2,375.00 to $2,300.00 and set an "outperform" rating for the company in a research report on Thursday, April 9th. Finally, Citigroup restated an "outperform" rating on shares of First Citizens BancShares in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2,227.08.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FCNCA. Rockefeller Capital Management L.P. lifted its stake in First Citizens BancShares by 28.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 374 shares of the bank's stock worth $804,000 after purchasing an additional 82 shares during the last quarter. World Investment Advisors acquired a new stake in shares of First Citizens BancShares during the fourth quarter worth $371,000. Corient Private Wealth LLC raised its holdings in shares of First Citizens BancShares by 20.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,462 shares of the bank's stock worth $3,138,000 after purchasing an additional 247 shares during the period. AG Campbell Advisory LLC bought a new position in shares of First Citizens BancShares in the 4th quarter worth about $2,168,000. Finally, Reflection Asset Management bought a new position in shares of First Citizens BancShares in the 4th quarter worth about $45,000. Institutional investors own 78.01% of the company's stock.

Insider Activity at First Citizens BancShares

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. acquired 134 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $1,550.00 per share, with a total value of $207,700.00. Following the transaction, the chief executive officer directly owned 2,749 shares in the company, valued at approximately $4,260,950. This represents a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have bought 258 shares of company stock valued at $404,236. Insiders own 14.63% of the company's stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.

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