S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
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MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
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It's almost April 15. Here's how to reduce stress and get your taxes done
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How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
How O.J. Simpson burned the Ford Bronco into America's collective memory
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
How O.J. Simpson burned the Ford Bronco into America's collective memory

2 Regional Banks With Sector-Beating Price Performance

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2 Regional Banks With Sector-Beating Price PerformanceLarge-cap financials such as JPMorgan Chase NYSE: JPM, Bank of America NYSE: BAC and Wells Fargo NYSE: WFC  rallied early this week along with the broader market, while some smaller bank stocks, like First Citizens Bancshares NASDAQ: FCNCA, have been outpacing the wider sector. 

Key Points

  • First Citizens Bancshares is up 5.78% in the past month and 25.47% in the past three months.
  • The company reports third-quarter earnings on October 27, with Wall Street eyeing net income of $19.77 per share on revenue of $1.02 billion.
  • Super-regional bank Fulton Financial is forming a cup-with-handle pattern, with a potential buy point above $17.67.
  • Fulton topped earnings views in five of the past six quarters.
  • 5 stocks we like better than First Citizens BancShares

First Citizens, like its entire industry, has seen net interest income and margins expand as interest rates increase. That typically occurs in an environment of rising rates. 

Regional banks can fly beneath the radar as investment opportunities. Unless you live in an area where one of these banks operates, they aren’t obvious candidates that fall under the famous Peter Lynch “buy what you know” category of investment ideas. But a screener, such as the one you’ll find on MarketBeat.com, can help you identify some not immediately obvious names. 

First Citizens is a North Carolina-based regional bank that operates 529 branches and offices in 19 states and Washington, DC. It has a market capitalization of $13.48 billion, making it the largest company within the southeast/regional bank sub-industry. 

The stock has been outperforming not only the financial sector as a whole, but also its regional banking peers. Shares are up 5.78% in the past month and 25.47% in the past three months. 

MarketBeat analyst data for the stock shows a “moderate-buy” rating with a price target of $925, a potential upside of 9.67%. 

The stock staged a cup-with-handle breakout on September 12, but chopped along with the broader market volatility. It’s been unable to sustain the breakout, and closed below its 50-day moving average the week ended September 30, but regained that price line. It’s currently trading above its 10- and 21-day moving averages.

The company reports third-quarter earnings on October 27, with Wall Street eyeing net income of $19.77 per share on revenue of $1.02 billion. Those would be increases of 62% and 110%, respectively. 

For the full year, analysts expect the company to earn $69.33 per share, up 29% over 2021. Next year, that’s seen rising an additional 31% to $91.05 per share. 

Other banks, of course, will benefit from a rising-rate environment, and some are already showing share-price appreciation reflecting strong fundamentals. 
2 Regional Banks With Better Price Action Than Larger Financials

Currently, Pennsylvania-based Fulton Financial NASDAQ: FULT is also outperforming financials as a whole. The stock is up 5.94% in the past month and 15.43% in the past three months.


Fulton has a market capitalization of $2.635 billion, putting it either the higher end of the small-cap categorization or lower end of mid-cap. 

It’s currently forming a cup-with-handle pattern, with a potential buy point above $17.67. It’s been languishing below that point since mid-August. 

According to MarketBeat earnings data on the stock, Fulton topped earnings views in five of the past six quarters. In the quarter ended in December 2021, the company met views of $0.37 per share. 

Fulton is due to report its third quarter on October 18, after the closing bell. Analysts expect the company to earn  $0.44 per share on revenue of $198.64 million. Both would be lower than the year-earlier results, but often, positive guidance can offset declines in revenue or earnings, and send the stock higher. 

Fulton is categorized as a super-regional bank, meaning it has significant operations in several states.

Larger, more familiar super-regional banks include PNC NYSE: PNC. This Pittsburgh-based bank has a large presence in the northeast, with more than 2,600 branches. The stock has been in a correction since January, but so far, has been finding a floor between $146 and $147.

Another large-cap super-retional is U.S. Bancorp NYSE: USB, which is down 24.37% year-to-date. It’s also been correcting since January. Unlike PNC, it’s not clear that it’s found its price floor yet.

It’s not always the largest, most familiar names that offer the best opportunity at any given time. While it’s true that the traditional advice to “buy low, sell high” is correct in any market cycle, it’s not necessarily best to identify the most beaten-down stocks, when a stock that’s holding up better than the broader market may present more opportunity.
2 Regional Banks With Better Price Action Than Larger Financials

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Should you invest $1,000 in First Citizens BancShares right now?

Before you consider First Citizens BancShares, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Citizens BancShares wasn't on the list.

While First Citizens BancShares currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
First Citizens BancShares (FCNCA)
4.9063 of 5 stars
$1,569.17-2.0%0.42%2.00Moderate Buy$1,785.57
Fulton Financial (FULT)
1.921 of 5 stars
$14.82-0.7%4.59%9.04Hold$15.40
JPMorgan Chase & Co. (JPM)
4.1695 of 5 stars
$182.79-6.5%2.52%11.27Moderate Buy$189.11
Bank of America (BAC)
4.3111 of 5 stars
$35.79-1.5%2.68%11.66Hold$38.29
Wells Fargo & Company (WFC)
4.4902 of 5 stars
$56.47-0.4%2.48%11.72Hold$58.37
U.S. Bancorp (USB)
4.964 of 5 stars
$41.58-0.8%4.71%12.68Hold$47.41
The PNC Financial Services Group (PNC)
4.9119 of 5 stars
$150.63-1.2%4.12%11.78Hold$157.10
Compare These Stocks  Add These Stocks to My Watchlist 

Kate Stalter

About Kate Stalter

  • stalterkate@gmail.com

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Experience

Kate Stalter has been a contributing writer for MarketBeat since 2021.

Additional Experience

Series 65-licensed investment advisor, financial advisor, Blue Marlin Advisors; investment columnist for Forbes, U.S. News & World Report

Areas of Expertise

Asset allocation, technical and fundamental analysis, retirement strategies, income generation, risk management, sector and industry analysis

Education

Bachelor of Arts, Saint Mary’s College, Notre Dame, Indiana; Master of Business Adminstration, Kellogg School of Management at Northwestern University

Past Experience

Founder, financial advisor for Better Money Decisions; editor, stock trading instructor for Investor’s Business Daily; columnist, podcast host, video host for MoneyShow.com; contributor for Morningstar magazine


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