NASDAQ:FCNCA

First Citizens BancShares - FCNCA Stock Forecast, Price & News

$797.43

+6.67 (+0.84%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $786.66
▼
$813.37
50-Day Range: $700.72
▼
$863.75
52-Week Range: $598.01
▼
$947.71

Volume: 126,438 shs
Average Volume: 134,177 shs
Market Capitalization: $12.76 billion

P/E Ratio: 14.29
Dividend Yield: 0.24%
Price Target: $950.00

First Citizens BancShares MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 12.9% Upside
$900.00 Price Target
Short Interest: Healthy
2.30% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 1.69
Based on 5 Articles This Week
Insider Trading: Selling Shares
$553,411 Sold Last Quarter
Proj. Earnings Growth: 20.12%
From $76.87 to $92.34 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.13 out of 5 stars

Finance Sector

85th out of 923 stocks

State Commercial Banks Industry

21st out of 197 stocks

2.5

Analyst's Opinion

Consensus Rating
First Citizens BancShares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $900.00, First Citizens BancShares has a forecasted upside of 12.9% from its current price of $797.43.
Amount of Analyst Coverage
First Citizens BancShares has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.30% of the outstanding shares of First Citizens BancShares have been sold short.
Short Interest Ratio / Days to Cover
First Citizens BancShares has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in First Citizens BancShares has recently decreased by 18.08%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
First Citizens BancShares has a dividend yield of 0.24%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Citizens BancShares does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First Citizens BancShares is 3.37%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Citizens BancShares will have a dividend payout ratio of 2.04% next year. This indicates that First Citizens BancShares will be able to sustain or increase its dividend.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
First Citizens BancShares has received a 49.69% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Pension funding services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Emergency loans for corporations", and "Consumer savings accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for First Citizens BancShares is -0.55.

3.7

News and Social Media Coverage

News Sentiment
First Citizens BancShares has a news sentiment score of 1.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for First Citizens BancShares this week, compared to 1 article on an average week.
Search Interest
2 people have searched for FCNCA on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added First Citizens BancShares to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Citizens BancShares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $553,411.00 in company stock.
Percentage Held by Insiders
13.40% of the stock of First Citizens BancShares is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
66.91% of the stock of First Citizens BancShares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for First Citizens BancShares are expected to grow by 20.12% in the coming year, from $76.87 to $92.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Citizens BancShares is 14.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Citizens BancShares is 14.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 154.43.
Price to Book Value per Share Ratio
First Citizens BancShares has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Citizens BancShares (NASDAQ:FCNCA) Stock

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.

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FCNCA Stock News Headlines

September 16, 2022 | nasdaq.com

Notable ETF Outflow Detected - KRE, FCNCA, SI, CFR

September 15, 2022 | finance.yahoo.com

Has First Citizens BancShares (FCNCA) Outpaced Other Finance Stocks This Year?

September 13, 2022 | finance.yahoo.com

First Citizens BancShares, Inc. (FCNCA)

September 7, 2022 | bizjournals.com

First Citizens squares off against JPMorgan, TD Bank for slice of middle-market banking

August 31, 2022 | msn.com

Hopeful Golden Cross Forms On First Citizens BancShares's Chart

August 27, 2022 | nasdaq.com

Ex-Dividend Reminder: Ellington Financial, First Citizens BancShares and EPR Properties

August 3, 2022 | finance.yahoo.com

CIT Increases Lending Facility for Fashion Company to $100 Million

July 18, 2022 | finance.yahoo.com

First Citizens Bank Completes Operational Conversion of OneWest Bank Division

July 6, 2022 | finance.yahoo.com

First Citizens BancShares, Inc. Announces Date of 2022 Second Quarter Earnings Call

June 3, 2022 | finance.yahoo.com

TBJ Plus: Wake Co. dusts Charlotte; Mack Brown grabs Bald Head home; Bojangles time at UNC

May 24, 2022 | finance.yahoo.com

CIT Provides Up to $30.5 Million Financing for Lomar Portfolio

May 20, 2022 | msn.com

First Citizens BancShares Inc (Delaware)

May 18, 2022 | finance.yahoo.com

CIT Provides $30 Million for Acquisition of Apartment Complex in Arizona

May 5, 2022 | finance.yahoo.com

First Citizens Bank Forecast Shows Pandemic Rebound on Small Business Success

May 5, 2022 | finance.yahoo.com

Craig Nix Is The CFO & Principal Accounting Officer of First Citizens BancShares, Inc. (NASDAQ:FCNC.A) And They Just Picked Up 59% More Shares

April 29, 2022 | bizjournals.com

First Citizens Bank targets $250M in cost savings with CIT integration

April 29, 2022 | seekingalpha.com

First Citizens BancShares, Inc. 2022 Q1 - Results - Earnings Call Presentation

April 28, 2022 | finance.yahoo.com

First Citizens BancShares (FCNCA) Q1 2022 Earnings Call Transcript

April 28, 2022 | seekingalpha.com

First Citizens BancShares stock climbs after Q1 beat on loan, deposit growth

April 28, 2022 | seekingalpha.com

First Citizens BancShares, Inc. (FCNCA) CEO Frank Holding on Q1 2022 Results - Earnings Call Transcript

April 28, 2022 | finance.yahoo.com

CIT Northbridge Provides $65 Million to Family Care Company Hello Bello™

April 28, 2022 | seekingalpha.com

First Citizens BancShares Non-GAAP EPS of $18.95, revenue of $1.5B

April 28, 2022 | finance.yahoo.com

First Citizens BancShares Reports Earnings For The First Quarter Of 2022

April 21, 2022 | finance.yahoo.com

CIT Northbridge Provides $145 Million Credit Facility to Natural Gas Compression Systems

April 13, 2022 | finance.yahoo.com

CIT Provides $37.2 Million Financing for Distribution Facility in Pittsburgh, Pennsylvania

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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FCNCA Company Calendar

Last Earnings: 7/28/2022
Ex-Dividend for 9/15 Dividend: 8/30/2022
Dividend Payable: 9/15/2022
Today: 10/02/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:FCNCA
CUSIP: 31946M10
CIK: 798941
Web: www.firstcitizens.com
Phone: (919) 716-7000
Fax: 919-716-7074
Employees: 6,846
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $900.00
High Stock Price Forecast: $900.00
Low Stock Price Forecast: $900.00
Forecasted Upside/Downside: +19.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $55.82
Trailing P/E Ratio: 14.29
Forward P/E Ratio: 10.37
P/E Growth: N/A
Net Income: $547.46 million
Net Margins: 20.83%
Pretax Margin: 23.54%
Return on Equity: 11.47%
Return on Assets: 0.97%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 0.81
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $1.96 billion
Price / Sales: 6.51
Cash Flow: $70.95 per share
Price / Cash Flow: 11.24
Book Value: $447.95 per share
Price / Book: 1.78

Miscellaneous

Outstanding Shares: 16,000,000
Free Float: 13,859,000
Market Cap: $12.76 billion
Optionable: Not Optionable
Beta: 1.04

Key Executives

Mr. Frank Brown Holding Jr. (Age 61)
Chairman & CEO
Comp: $5.57M

Ms. Hope Holding Bryant (Age 59)
Vice Chairwoman & Corp. Sales Exec.
Comp: $3.34M

Mr. Peter McDonald Bristow (Age 56)
Pres, Corp. Sales Exec. & Director
Comp: $3.34M

Mr. Craig Lockwood Nix (Age 50)
CFO & Principal Accounting Officer
Comp: $2.87M

Ms. Lorie King Rupp (Age 57)
Chief Risk Officer
Comp: $1.77M

Ms. Deanna W. Hart (Age 44)
Sr. VP of Investor Relations

Mr. Matthew G. T. Martin
Chief Counsel & Corp. Sec.

Ms. Barbara Thompson
Director of Corp. Communications & Brand Marketing

Mr. West Ludwig (Age 53)
Exec. VP & Chief HR Officer

Mr. Jeffery L. Ward (Age 61)
Chief Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FCNCA Stock - Frequently Asked Questions

Should I buy or sell First Citizens BancShares stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Citizens BancShares in the last twelve months. There are currently 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.
What is First Citizens BancShares' stock price forecast for 2022?: 1 brokers have issued 1-year target prices for First Citizens BancShares' shares. Their FCNCA share price forecasts range from $900.00 to $900.00. On average, they anticipate the company's stock price to reach $900.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for FCNCA or view top-rated stocks among Wall Street analysts.
How have FCNCA shares performed in 2022?: First Citizens BancShares' stock was trading at $829.84 on January 1st, 2022. Since then, FCNCA stock has decreased by 3.9% and is now trading at $797.43.
View the best growth stocks for 2022 here.
When is First Citizens BancShares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our FCNCA earnings forecast.
How were First Citizens BancShares' earnings last quarter?: First Citizens BancShares, Inc. (NASDAQ:FCNCA) announced its earnings results on Thursday, July, 28th. The bank reported $16.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $13.77 by $3.09. The bank earned $1.12 billion during the quarter, compared to analyst estimates of $949.33 million. First Citizens BancShares had a trailing twelve-month return on equity of 11.47% and a net margin of 20.83%. During the same quarter in the previous year, the firm posted $15.09 earnings per share.
How often does First Citizens BancShares pay dividends? What is the dividend yield for First Citizens BancShares?: First Citizens BancShares declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.47 per share on Thursday, September 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Tuesday, August 30th.
Read our dividend analysis for FCNCA.

Is First Citizens BancShares a good dividend stock?: First Citizens BancShares (NASDAQ:FCNCA) pays an annual dividend of $1.88 per share and currently has a dividend yield of 0.24%. The dividend payout ratio is 3.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCNCA will have a dividend payout ratio of 2.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCNCA.
What is First Citizens BancShares' stock symbol?: First Citizens BancShares trades on the NASDAQ under the ticker symbol "FCNCA."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is First Citizens BancShares' stock price today?: One share of FCNCA stock can currently be purchased for approximately $797.43.
How much money does First Citizens BancShares make?: First Citizens BancShares (NASDAQ:FCNCA) has a market capitalization of $12.76 billion and generates $1.96 billion in revenue each year. The bank earns $547.46 million in net income (profit) each year or $55.82 on an earnings per share basis.
How many employees does First Citizens BancShares have?: The company employs 6,846 workers across the globe.
How can I contact First Citizens BancShares?: 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.

This page (NASDAQ:FCNCA) was last updated on 10/2/2022 by MarketBeat.com Staff

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First Citizens BancShares - FCNCA Stock Forecast, Price & News

First Citizens BancShares MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About First Citizens BancShares (NASDAQ:FCNCA) Stock

FCNCA Stock News Headlines

FCNCA Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

FCNCA Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™