First Citizens BancShares (FCNCA) to Release Earnings on Thursday

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $43.51 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last posted its earnings results on Friday, January 26th. The bank reported $46.58 EPS for the quarter, missing the consensus estimate of $48.49 by ($1.91). First Citizens BancShares had a return on equity of 13.52% and a net margin of 51.04%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.36 billion. On average, analysts expect First Citizens BancShares to post $179 EPS for the current fiscal year and $195 EPS for the next fiscal year.

First Citizens BancShares Trading Up 0.1 %

NASDAQ:FCNCA traded up $1.91 during mid-day trading on Thursday, hitting $1,551.91. 65,761 shares of the company's stock were exchanged, compared to its average volume of 81,153. The company has a 50 day simple moving average of $1,562.91 and a 200-day simple moving average of $1,466.44. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.82. First Citizens BancShares has a fifty-two week low of $945.32 and a fifty-two week high of $1,651.73. The firm has a market capitalization of $22.53 billion, a P/E ratio of 1.98 and a beta of 0.89.

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given 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 0.42%. First Citizens BancShares's dividend payout ratio is presently 0.84%.

Analysts Set New Price Targets

FCNCA has been the topic of several recent research reports. UBS Group lifted their target price on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the stock a "buy" rating in a research report on Tuesday, January 30th. StockNews.com downgraded shares of First Citizens BancShares from a "hold" rating to a "sell" rating in a research report on Wednesday, April 3rd. Wedbush restated an "outperform" rating and issued a $1,800.00 price target on shares of First Citizens BancShares in a research report on Monday, January 29th. The Goldman Sachs Group initiated coverage on shares of First Citizens BancShares in a research report on Thursday, March 21st. They issued a "buy" rating and a $1,950.00 price target on the stock. Finally, DA Davidson reiterated a "neutral" rating and issued a $1,650.00 price objective (up previously from $1,600.00) on shares of First Citizens BancShares in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $1,768.63.

Insider Buying and Selling at First Citizens BancShares

In related news, major shareholder Olivia Britton Holding acquired 466 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average price of $1,315.00 per share, with a total value of $612,790.00. Following the completion of the purchase, the insider now owns 121,694 shares in the company, valued at approximately $160,027,610. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Olivia Britton Holding acquired 466 shares of the stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $1,315.00 per share, with a total value of $612,790.00. Following the completion of the transaction, the insider now owns 121,694 shares of the company's stock, valued at approximately $160,027,610. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ellen R. Alemany sold 600 shares of the firm's stock in a transaction on 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 transaction, the director now owns 4,842 shares of the company's stock, valued at $7,549,113.78. The disclosure for this sale can be found here. Insiders have acquired 1,388 shares of company stock worth $1,825,220 over the last ninety days. Insiders own 13.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. bought a new position in shares of First Citizens BancShares during the 1st quarter worth $207,000. MetLife Investment Management LLC acquired a new stake in First Citizens BancShares in the first quarter valued at approximately $162,000. Point72 Hong Kong Ltd acquired a new stake in First Citizens BancShares in the fourth quarter valued at approximately $142,000. Ossiam boosted its stake in shares of First Citizens BancShares by 54.5% in the first quarter. Ossiam now owns 136 shares of the bank's stock worth $132,000 after acquiring an additional 48 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of First Citizens BancShares in the second quarter worth approximately $128,000. 61.18% of the stock is currently owned by 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.