First Citizens BancShares - FCNCA Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Citizens BancShares in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FCNCA shares.
View FCNCA analyst ratings or view top-rated stocks.

2 brokerages have issued 12-month target prices for First Citizens BancShares' stock. Their FCNCA share price forecasts range from $900.00 to $950.00. On average, they anticipate the company's stock price to reach $925.00 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for FCNCA or view top-rated stocks among Wall Street analysts.

First Citizens BancShares' stock was trading at $829.84 at the start of the year. Since then, FCNCA stock has decreased by 1.6% and is now trading at $816.46.
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First Citizens BancShares saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 284,500 shares, a drop of 23.8% from the October 31st total of 373,200 shares. Based on an average daily volume of 124,000 shares, the short-interest ratio is currently 2.3 days.
View First Citizens BancShares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our FCNCA earnings forecast.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) released its quarterly earnings data 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 had revenue of $469.83 million for the quarter, compared to analyst estimates of $459.50 million. First Citizens BancShares had a net margin of 21.12% and a trailing twelve-month return on equity of 12.43%. During the same quarter last year, the business earned $14.03 EPS.

First Citizens BancShares declared a quarterly dividend on Tuesday, October 25th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.75 per share on Thursday, December 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, November 29th. This is a positive change from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for FCNCA.

First Citizens BancShares (NASDAQ:FCNCA) pays an annual dividend of $1.88 per share and currently has a dividend yield of 0.24%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 2.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCNCA will have a dividend payout ratio of 1.92% 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.30%), Vanguard Group Inc. (8.06%), State Street Corp (2.51%), Dimensional Fund Advisors LP (1.40%), Alliancebernstein L.P. (1.38%) and Brown Advisory Inc. (1.26%). Insiders that own company stock include Craig L Nix, Frank B Holding Jr, Harold Lee Durham Jr, Jeffery L Ward, Marisa Harney, Olivia Britton Holding, Peter M Bristow, 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 $816.46.

First Citizens BancShares (NASDAQ:FCNCA) has a market capitalization of $11.84 billion and generates $1.96 billion in revenue each year. The bank earns $547.46 million in net income (profit) each year or $62.90 on an earnings per share basis.

The company employs 6,846 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.