JPMorgan Chase & Co. Issues Pessimistic Forecast for First Citizens BancShares (NASDAQ:FCNCA) Stock Price

Key Points

• JPMorgan trimmed its price target on First Citizens from $2,200 to $2,150 and kept a "neutral" rating, a target that still implies roughly a 10.1% upside from the stock's current level.
• First Citizens beat Q1 EPS estimates ($44.86 vs. $43.31) but missed on revenue ($2.14B vs. $2.20B), and shares slid to about $1,952.74 intraday; the board also declared a $2.10 quarterly dividend.
• Analyst views are mixed but the consensus is a "Moderate Buy" with a $2,218.75 target, while insiders and institutions show continued ownership (CEO bought shares; insiders own 14.63%, institutions 78.01%).

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $2,200.00 to $2,150.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 10.10% from the stock's current price.

Several other analysts have also issued reports on the stock. Wall Street Zen raised shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Keefe, Bruyette & Woods lowered their price target on shares of First Citizens BancShares from $2,375.00 to $2,300.00 and set an "outperform" rating on the stock in a research report on Thursday, April 9th. Zacks Research raised shares of First Citizens BancShares from a "strong sell" rating to a "hold" rating in a research report on Monday, March 30th. TD Cowen raised shares of First Citizens BancShares to a "strong-buy" rating in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of First Citizens BancShares in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,218.75.

First Citizens BancShares Stock Performance

Shares of NASDAQ FCNCA traded down $23.64 during midday trading on Friday, hitting $1,952.74. The company's stock had a trading volume of 33,700 shares, compared to its average volume of 100,295. The stock has a fifty day moving average price of $1,932.11 and a 200 day moving average price of $1,957.27. First Citizens BancShares has a one year low of $1,623.76 and a one year high of $2,232.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.52 and a beta of 0.65.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $44.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $43.31 by $1.55. First Citizens BancShares had a net margin of 15.21% and a return on equity of 11.18%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm posted $37.79 earnings per share. On average, research analysts forecast that First Citizens BancShares will post 178.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Frank B. Holding, Jr. bought 92 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $1,550.00 per share, with a total value of $142,600.00. Following the acquisition, the chief executive officer owned 2,841 shares of the company's stock, valued at approximately $4,403,550. The trade was a 3.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 258 shares of company stock worth $404,236. Corporate insiders own 14.63% of the company's stock.

Hedge Funds Weigh In On First Citizens BancShares

A number of institutional investors have recently made changes to their positions in FCNCA. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Citizens BancShares by 117,518.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 205,833 shares of the bank's stock worth $441,755,000 after buying an additional 205,658 shares during the last quarter. Norges Bank bought a new position in shares of First Citizens BancShares in the 4th quarter worth $116,565,000. River Road Asset Management LLC increased its holdings in shares of First Citizens BancShares by 574.0% in the 4th quarter. River Road Asset Management LLC now owns 55,402 shares of the bank's stock worth $118,903,000 after buying an additional 47,182 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of First Citizens BancShares by 2,057.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 47,506 shares of the bank's stock worth $92,944,000 after buying an additional 45,304 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of First Citizens BancShares by 390.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 48,299 shares of the bank's stock worth $84,995,000 after buying an additional 38,446 shares during the last quarter. Institutional investors own 78.01% of the company's stock.

Key Stories Impacting First Citizens BancShares

Here are the key news stories impacting First Citizens BancShares this week:

• Positive Sentiment: Q1 earnings beat consensus -- EPS of $44.86 topped estimates, driven by higher profitability and an improved return on equity, which supports valuation and investor confidence. First Citizens BancShares Reports First Quarter 2026 Earnings
• Positive Sentiment: Board declared a $2.10 quarterly dividend (ex‑dividend May 29; paid June 15), signaling capital return commitment and supporting income investor interest despite a modest yield. First Citizens BancShares Declares Dividends
• Neutral Sentiment: Management’s earnings call balanced growth ambitions with near‑term pressure (costs, commercial/portfolio dynamics); investors will watch forward guidance and margin commentary for clarity. First Citizens Earnings Call Balances Growth and Pressure
• Neutral Sentiment: Company announced plans to expand commercial solutions and align brand names (including retiring the Silicon Valley Bank name), a strategic integration move that may reduce legacy brand risk but has limited immediate revenue impact. First Citizens Bank to Expand Commercial Solutions and Align Brand Names in Q4 2026 First Citizens Plans to Retire Silicon Valley Bank Name
• Negative Sentiment: Revenue missed expectations — Q1 revenue ~$2.14B vs. street ~$2.20B — which likely drove some of today’s downside as investors look for sustainable top‑line growth after the EPS beat. First Citizens BancShares NASDAQ: FCNCA misses Q1 CY2026 sales expectations
• Negative Sentiment: Analyses of key metrics highlight mixed signals (strong EPS but pressure on revenue growth and certain loan/fee categories); watch upcoming quarters and management commentary for trend confirmation. Compared to Estimates, First Citizens (FCNCA) Q1 Earnings: A Look at Key Metrics

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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