First Citizens BancShares - FCNCA Stock Forecast, Price & News

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 land development, commercial mortgage, commercial and industrial, and lease financing loans, as well as small business administration paycheck protection program loans; and consumer loans, such as residential and revolving mortgage, construction and land development, consumer auto, and other consumer loans. The company also offers treasury services products, cardholder and merchant services, wealth management services, and various other products and services; investment products, including annuities, discount brokerage services, and third-party mutual funds, as well as investment management and advisory services; and defined benefit and defined contribution, insurance, private banking, trust, fiduciary, philanthropy, and special asset services. The company provides its products and services through its branch network, as well as through digital banking, telephone banking, and various ATM networks. As of December 31, 2021, it operated 529 branches in Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, North Carolina, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Thursday, April 28th.

First Citizens BancShares Stock Performance

Shares of FCNCA opened at $843.82 on Friday. First Citizens BancShares has a one year low of $598.01 and a one year high of $947.71. The company has a 50-day moving average of $698.02 and a two-hundred day moving average of $698.93. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 15.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.81 and a quick ratio of 0.80.

First Citizens BancShares (NASDAQ:FCNCA - Get Rating) last announced its earnings results on Thursday, July 28th. The bank reported $16.86 EPS for the quarter, topping the consensus estimate of $13.77 by $3.09. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $949.33 million. First Citizens BancShares had a net margin of 20.83% and a return on equity of 11.47%. During the same period last year, the company posted $15.09 earnings per share. On average, equities research analysts expect that First Citizens BancShares will post 68.26 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, August 30th. First Citizens BancShares's dividend payout ratio is currently 3.37%.

Insider Buying and Selling

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. bought 254 shares of First Citizens BancShares stock in a transaction on Friday, June 10th. The stock was purchased at an average cost of $630.00 per share, for a total transaction of $160,020.00. Following the completion of the purchase, the chief executive officer now directly owns 92,212 shares of the company's stock, valued at $58,093,560. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.40% of the stock is currently owned by corporate insiders.