First Citizens BancShares, Inc. (NASDAQ:FCNCA) to Post Q1 2025 Earnings of $44.10 Per Share, Wedbush Forecasts

First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) - Research analysts at Wedbush issued their Q1 2025 earnings estimates for shares of First Citizens BancShares in a note issued to investors on Wednesday, March 27th. Wedbush analyst D. Chiaverini anticipates that the bank will post earnings of $44.10 per share for the quarter. Wedbush currently has a "Outperform" rating and a $1,800.00 target price on the stock. The consensus estimate for First Citizens BancShares' current full-year earnings is $177.52 per share. Wedbush also issued estimates for First Citizens BancShares' Q2 2025 earnings at $45.83 EPS, Q3 2025 earnings at $47.57 EPS and Q4 2025 earnings at $48.49 EPS.

FCNCA has been the subject of a number of other reports. UBS Group upped their target price on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the company a "buy" rating in a report on Tuesday, January 30th. StockNews.com raised First Citizens BancShares from a "sell" rating to a "hold" rating in a research note on Wednesday, March 6th. DA Davidson reissued a "neutral" rating on shares of First Citizens BancShares in a report on Monday, January 15th. Finally, The Goldman Sachs Group assumed coverage on First Citizens BancShares in a research note on Thursday, March 21st. They set a "buy" rating and a $1,950.00 price target for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,667.71.

First Citizens BancShares Stock Performance

Shares of FCNCA traded up $18.12 during midday trading on Thursday, reaching $1,635.00. 93,537 shares of the stock were exchanged, compared to its average volume of 82,879. The business's 50-day moving average price is $1,529.95 and its 200 day moving average price is $1,442.69. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 2.08 and a beta of 0.88. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.14 and a quick ratio of 1.14. First Citizens BancShares has a twelve month low of $910.25 and a twelve month high of $1,651.73.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The bank reported $46.58 earnings per share for the quarter, missing analysts' consensus estimates of $48.49 by ($1.91). First Citizens BancShares had a net margin of 51.04% and a return on equity of 13.52%. The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.36 billion.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $1.64 per share. The ex-dividend date was Wednesday, February 28th. This represents a $6.56 annualized dividend and a yield of 0.40%. First Citizens BancShares's dividend payout ratio is presently 0.84%.

Insiders Place Their Bets

In related news, Director Ellen R. Alemany sold 600 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $1,559.09, for a total value of $935,454.00. Following the sale, the director now directly owns 4,842 shares of the company's stock, valued at approximately $7,549,113.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Ellen R. Alemany sold 600 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $1,559.09, for a total value of $935,454.00. Following the completion of the transaction, the director now directly owns 4,842 shares of the company's stock, valued at $7,549,113.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Olivia Britton Holding acquired 466 shares of First Citizens BancShares stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $1,315.00 per share, for a total transaction of $612,790.00. Following the completion of the transaction, the insider now directly owns 121,694 shares of the company's stock, valued at $160,027,610. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,388 shares of company stock worth $1,825,220. 13.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Citizens BancShares

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in First Citizens BancShares by 3,091.6% in the 4th quarter. Nordea Investment Management AB now owns 23,905 shares of the bank's stock worth $34,203,000 after buying an additional 23,156 shares during the last quarter. Reinhart Partners LLC. raised its stake in First Citizens BancShares by 11.7% during the fourth quarter. Reinhart Partners LLC. now owns 56,803 shares of the bank's stock worth $80,602,000 after purchasing an additional 5,952 shares during the period. Legal & General Group Plc boosted its holdings in shares of First Citizens BancShares by 49.1% in the 3rd quarter. Legal & General Group Plc now owns 47,287 shares of the bank's stock valued at $65,261,000 after purchasing an additional 15,579 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of First Citizens BancShares by 90.9% during the 3rd quarter. Hsbc Holdings PLC now owns 3,132 shares of the bank's stock valued at $4,326,000 after buying an additional 1,491 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of First Citizens BancShares by 5.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 262,267 shares of the bank's stock valued at $361,956,000 after buying an additional 13,658 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

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.