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 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FCNCA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FCNCA, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued twelve-month price objectives for First Citizens BancShares' stock. Their FCNCA share price forecasts range from $538.00 to $950.00. On average, they anticipate the company's stock price to reach $744.00 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
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First Citizens BancShares' stock was trading at $758.36 at the start of the year. Since then, FCNCA shares have decreased by 23.2% and is now trading at $582.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our FCNCA earnings forecast.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) released its earnings results on Thursday, January, 26th. The bank reported $20.94 EPS for the quarter, missing analysts' consensus estimates of $23.34 by $2.40. The bank earned $1.23 billion during the quarter, compared to the consensus estimate of $1.10 billion. First Citizens BancShares had a net margin of 19.79% and a trailing twelve-month return on equity of 13.07%.

First Citizens BancShares announced a quarterly dividend on Tuesday, January 24th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.75 per share on Wednesday, March 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, February 27th.
Read our dividend analysis for FCNCA.

ETFs with the largest weight of First Citizens BancShares (NASDAQ:FCNCA) stock in their portfolio include Ballast Small/Mid Cap ETF (MGMT), SPDR S&P Bank ETF (KBE), iShares U.S. Regional Banks ETF (IAT), Invesco US Large Cap Core ESG ETF (IVLC), Direxion Daily Regional Banks Bull 3x Shares (DPST), First Trust Nasdaq Bank ETF (FTXO), LeaderShares AlphaFactor US Core Equity ETF (LSAF) and First Trust Financial AlphaDEX Fund (FXO).

First Citizens BancShares (NASDAQ:FCNCA) pays an annual dividend of $3.00 per share and currently has a dividend yield of 0.51%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCNCA will have a dividend payout ratio of 2.99% 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 many different institutional and retail investors. Top institutional investors include Egerton Capital UK LLP (4.90%), Alliancebernstein L.P. (1.67%), Dimensional Fund Advisors LP (1.51%), JPMorgan Chase & Co. (1.39%), Brown Advisory Inc. (1.17%) and Geode Capital Management LLC (1.16%). Insiders that own company stock include Craig L Nix, Daniel L Heavner, Eugene Flood Jr, 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 $582.55.

First Citizens BancShares (NASDAQ:FCNCA) has a market capitalization of $8.45 billion and generates $5.55 billion in revenue each year. The bank earns $1.10 billion in net income (profit) each year or $67.48 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.