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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Citizens BancShares in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FCNCA shares.
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4 Wall Street analysts have issued 12 month target prices for First Citizens BancShares' shares. Their FCNCA share price forecasts range from $1,025.00 to $1,850.00. On average, they anticipate the company's stock price to reach $1,607.50 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
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First Citizens BancShares' stock was trading at $758.36 on January 1st, 2023. Since then, FCNCA stock has increased by 78.6% and is now trading at $1,354.59.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our FCNCA earnings forecast.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) posted its quarterly earnings results on Thursday, August, 3rd. The bank reported $52.60 earnings per share for the quarter, topping the consensus estimate of $45.91 by $6.69. The bank had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.31 billion. First Citizens BancShares had a trailing twelve-month return on equity of 12.69% and a net margin of 60.22%.

First Citizens BancShares announced a quarterly dividend on Tuesday, July 25th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share on Friday, September 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for FCNCA.

ETFs with the largest weight of First Citizens BancShares (NASDAQ:FCNCA) stock in their portfolio include Gabelli Financial Services Opportunities ETF (GABF), Pinnacle Focused Opportunities ETF (FCUS), iShares U.S. Regional Banks ETF (IAT), First Trust Nasdaq Bank ETF (FTXO), Invesco Dorsey Wright Financial Momentum ETF (PFI), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Harbor Small Cap Explorer ETF (QWST) and Goldman Sachs Hedge Industry VIP ETF (GVIP).

First Citizens BancShares (NASDAQ:FCNCA) pays an annual dividend of $3.00 per share and currently has a dividend yield of 0.22%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 0.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCNCA will have a dividend payout ratio of 1.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCNCA.

First Citizens BancShares trades on the NASDAQ under the ticker symbol "FCNCA."

First Citizens BancShares' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.01%), Egerton Capital UK LLP (2.27%), JPMorgan Chase & Co. (1.71%), State Street Corp (1.62%), Geode Capital Management LLC (1.54%) and Dimensional Fund Advisors LP (1.27%). Insiders that own company stock include Craig L Nix, Daniel L Heavner, Ellen R Alemany, Eugene Flood Jr, Frank B Holding Jr, Harold Lee Durham Jr, Jeffery L Ward, Marisa Harney, Olivia Britton Holding, Robert R Hoppe, Robert T Newcomb and West Ludwig.
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Shares of FCNCA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FCNCA stock can currently be purchased for approximately $1,354.59.

First Citizens BancShares (NASDAQ:FCNCA) has a market capitalization of $19.67 billion and generates $5.55 billion in revenue each year. The bank earns $1.10 billion in net income (profit) each year or $735.43 on an earnings per share basis.

The company employs 10,684 workers across the globe.

First Citizens BancShares' mailing address is 4300 SIX FORKS ROAD, RALEIGH NC, 27609. The official website for the company is www.firstcitizens.com. The bank can be reached via phone at (919) 716-7000, via email at tom.heathiii@firstcitizens.com, or via fax at 919-716-7074.