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NASDAQ:FCNCA

First Citizens BancShares (FCNCA) Stock Price, News & Analysis

$2,110.45
+59.40 (+2.90%)
(As of 07/26/2024 ET)
Today's Range
$2,046.83
$2,112.64
50-Day Range
$1,631.83
$2,051.05
52-Week Range
$1,274.91
$2,112.64
Volume
162,571 shs
Average Volume
83,479 shs
Market Capitalization
$30.66 billion
P/E Ratio
11.72
Dividend Yield
0.31%
Price Target
$1,893.55

First Citizens BancShares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
10.3% Downside
$1,893.55 Price Target
Short Interest
Healthy
1.70% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.87mentions of First Citizens BancShares in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$5.27 M Sold Last Quarter
Proj. Earnings Growth
3.95%
From $191.52 to $199.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.18 out of 5 stars

Finance Sector

203rd out of 898 stocks

State Commercial Banks Industry

40th out of 181 stocks

FCNCA stock logo

About First Citizens BancShares Stock (NASDAQ:FCNCA)

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. Its loan product portfolio comprises commercial construction and mortgage; and commercial and industrial leases, as well as small business administration loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

FCNCA Stock Price History

FCNCA Stock News Headlines

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First Citizens BancShares Declares Dividends
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First Citizens BancShares Inc (FC6A.BE)
FCNCA Aug 2024 1750.000 call
See More Headlines
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Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 6/17 Dividend
5/31/2024
Dividend Payable
6/17/2024
Today
7/26/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FCNCA
CUSIP
31946M10
Employees
16,021
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1,893.55
High Stock Price Target
$2,300.00
Low Stock Price Target
$1,520.00
Potential Upside/Downside
-10.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$11.47 billion
Pretax Margin
24.55%

Debt

Sales & Book Value

Annual Sales
$12.09 billion
Cash Flow
$194.75 per share
Book Value
$1,403.16 per share

Miscellaneous

Free Float
12,583,000
Market Cap
$29.99 billion
Optionable
Optionable
Beta
0.83
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Key Executives

  • Mr. Frank Brown Holding Jr. (Age 63)
    Chairman & CEO
    Comp: $9.53M
  • Ms. Hope Holding BryantMs. Hope Holding Bryant (Age 61)
    Vice Chairwoman
    Comp: $5.7M
  • Mr. Peter McDonald Bristow (Age 58)
    President & Director
    Comp: $5.9M
  • Mr. Craig Lockwood Nix (Age 52)
    Chief Financial Officer
    Comp: $4.9M
  • Ms. Lorie King Rupp (Age 59)
    Chief Risk Officer
    Comp: $3.43M
  • Mr. Gregory L. Smith (Age 59)
    Chief Information & Operations Officer
  • Ms. Deanna W. Hart (Age 46)
    Senior Vice President of Investor Relations
  • Mr. Matthew G. T. Martin (Age 44)
    Chief Counsel & Corporate Secretary
  • Ms. Barbara Thompson
    Director of Corporate Communications & Brand Marketing
  • Mr. West  LudwigMr. West Ludwig (Age 55)
    Executive VP & Chief Human Resources Officer

Should I Buy First Citizens BancShares Stock? FCNCA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in First Citizens BancShares, Inc.:

  • First Citizens BancShares stock has a strong track record of consistent dividend payments, providing investors with a reliable income stream.
  • The company reported impressive quarterly earnings, beating analysts' estimates by a significant margin, showcasing strong financial performance.
  • First Citizens BancShares has a moderate buy consensus rating from analysts, indicating positive sentiment towards the stock's future performance.
  • The stock has shown resilience with a 0.40% dividend yield, offering investors a potential source of passive income.
  • Despite recent trading fluctuations, the company's market cap remains substantial at $23.71 billion, reflecting stability and market presence.

Cons

Investors should be bearish about investing in First Citizens BancShares, Inc. for these reasons:

  • The recent downgrade from "overweight" to "neutral" by Piper Sandler may indicate potential concerns about the stock's future performance.
  • While the stock has a strong dividend history, the current payout ratio of 3.64% may raise questions about sustainability and future growth.
  • First Citizens BancShares' stock price experienced a decline, trading down 0.6% recently, signaling short-term volatility and market uncertainty.
  • The company's debt-to-equity ratio of 1.77 may pose risks in times of economic downturns or rising interest rates, impacting profitability.
  • With a beta of 0.84, the stock's sensitivity to market movements is relatively low, potentially limiting opportunities for significant gains in volatile market conditions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these First Citizens BancShares pros and cons to contact@marketbeat.com.

FCNCA Stock Analysis - Frequently Asked Questions

How have FCNCA shares performed this year?

First Citizens BancShares' stock was trading at $1,418.97 at the start of the year. Since then, FCNCA stock has increased by 48.7% and is now trading at $2,110.45.
View the best growth stocks for 2024 here
.

How were First Citizens BancShares' earnings last quarter?

First Citizens BancShares, Inc. (NASDAQ:FCNCA) announced its earnings results on Tuesday, October, 26th. The bank reported $12.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.73 by $0.44. The bank earned $469.83 million during the quarter, compared to analysts' expectations of $459.50 million. First Citizens BancShares had a net margin of 18.22% and a trailing twelve-month return on equity of 15.48%.

Who are First Citizens BancShares' major shareholders?

Top institutional investors of First Citizens BancShares include First Citizens Bank & Trust Co. (0.63%), Reinhart Partners LLC. (0.39%), Bank of New York Mellon Corp (0.29%) and Ceredex Value Advisors LLC (0.27%). Insiders that own company stock include Olivia Britton Holding, Frank B Holding Jr, Jeffery L Ward, Harold Lee Durham Jr, Hope Holding Bryant, Craig L Nix, Marisa Harney, Robert T Newcomb, Daniel L Heavner, Ellen R Alemany, Robert R Hoppe, Eugene Flood Jr and West Ludwig.
View institutional ownership trends
.

How do I buy shares of First Citizens BancShares?

Shares of FCNCA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FCNCA) was last updated on 7/26/2024 by MarketBeat.com Staff

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