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NASDAQ:FCNCA

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

$1,631.83
-9.66 (-0.59%)
(As of 06/14/2024 ET)
Today's Range
$1,614.66
$1,643.96
50-Day Range
$1,532.51
$1,800.35
52-Week Range
$1,181.71
$1,810.03
Volume
36,921 shs
Average Volume
83,627 shs
Market Capitalization
$23.71 billion
P/E Ratio
9.06
Dividend Yield
0.40%
Price Target
$1,829.90

First Citizens BancShares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
12.1% Upside
$1,829.90 Price Target
Short Interest
Healthy
1.60% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
1.18mentions of First Citizens BancShares in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$6.21 M Sold Last Quarter
Proj. Earnings Growth
4.07%
From $188.62 to $196.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.88 out of 5 stars

Finance Sector

28th out of 868 stocks

State Commercial Banks Industry

8th out of 177 stocks

FCNCA stock logo

About First Citizens BancShares Stock (NASDAQ:FCNCA)

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 mortgage; and commercial and industrial leases, as well as small business administration loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

FCNCA Stock Price History

FCNCA Stock News Headlines

Harness Raises $150 Million in New Financing
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 6/17 Dividend
5/31/2024
Today
6/14/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FCNCA
CUSIP
31946M10
Employees
16,021
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1,829.90
High Stock Price Target
$2,100.00
Low Stock Price Target
$1,520.00
Potential Upside/Downside
+12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$11.47 billion
Pretax Margin
24.55%

Debt

Sales & Book Value

Annual Sales
$12.09 billion
Cash Flow
$171.26 per share
Book Value
$1,403.16 per share

Miscellaneous

Free Float
12,583,000
Market Cap
$23.57 billion
Optionable
Optionable
Beta
0.84
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Key Executives

  • Mr. Frank Brown Holding Jr. (Age 63)
    Chairman & CEO
    Comp: $9.53M
  • Ms. Hope Holding BryantMs. Hope Holding Bryant (Age 61)
    Vice Chairwoman
    Comp: $5.7M
  • Mr. Peter McDonald Bristow (Age 58)
    President & Director
    Comp: $5.9M
  • Mr. Craig Lockwood Nix (Age 52)
    Chief Financial Officer
    Comp: $4.9M
  • Ms. Lorie King Rupp (Age 59)
    Chief Risk Officer
    Comp: $3.43M
  • Mr. Gregory L. Smith (Age 59)
    Chief Information & Operations Officer
  • Ms. Deanna W. Hart (Age 46)
    Senior Vice President of Investor Relations
  • Mr. Matthew G. T. Martin (Age 44)
    Chief Counsel & Corporate Secretary
  • Ms. Barbara Thompson
    Director of Corporate Communications & Brand Marketing
  • Mr. West  LudwigMr. West Ludwig (Age 55)
    Executive VP & Chief Human Resources Officer

Should I Buy First Citizens BancShares Stock? FCNCA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in First Citizens BancShares, Inc.:

  • First Citizens BancShares, Inc. is expected to post a high EPS of 188.62 for the current fiscal year, indicating strong earnings potential.
  • The company recently announced a quarterly dividend of $1.64 per share, with a dividend yield of 0.37%, providing income for investors.
  • Several Wall Street analysts have given positive ratings and target prices for First Citizens BancShares, indicating confidence in the stock's performance.
  • First Citizens BancShares has a dividend payout ratio (DPR) of 3.64%, which suggests the company is returning value to shareholders through dividends.
  • Market analysts have an average target price of $1,829.90 for First Citizens BancShares, implying potential price appreciation.

Cons

Investors should be bearish about investing in First Citizens BancShares, Inc. for these reasons:

  • The dividend yield of 0.37% may be considered low by some investors seeking higher income-generating investments.
  • While the company has a positive DPR, a very low DPR could indicate limited reinvestment in business growth.
  • Market analysts have given a "Moderate Buy" rating, suggesting some uncertainty in the stock's future performance.
  • First Citizens BancShares' stock price may be volatile, impacting short-term investment strategies.
  • Investors should carefully monitor any changes in the company's financial performance and market conditions before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these First Citizens BancShares pros and cons to contact@marketbeat.com.

FCNCA Stock Analysis - Frequently Asked Questions

Should I buy or sell First Citizens BancShares stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Citizens BancShares in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FCNCA shares.
View FCNCA analyst ratings
or view top-rated stocks.

What is First Citizens BancShares' stock price target for 2024?

11 brokerages have issued 1-year target prices for First Citizens BancShares' stock. Their FCNCA share price targets range from $1,520.00 to $2,100.00. On average, they predict the company's share price to reach $1,829.90 in the next year. This suggests a possible upside of 12.1% 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 2024?

First Citizens BancShares' stock was trading at $1,418.97 at the beginning of the year. Since then, FCNCA stock has increased by 15.0% and is now trading at $1,631.83.
View the best growth stocks for 2024 here
.

Are investors shorting First Citizens BancShares?

First Citizens BancShares saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 232,000 shares, a decrease of 6.6% from the May 15th total of 248,300 shares. Based on an average daily volume of 84,400 shares, the days-to-cover ratio is currently 2.7 days.
View First Citizens BancShares' Short Interest
.

When is First Citizens BancShares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our FCNCA earnings forecast
.

How were First Citizens BancShares' earnings last quarter?

First Citizens BancShares, Inc. (NASDAQ:FCNCA) released its quarterly earnings data on Thursday, April, 25th. The bank reported $52.92 earnings per share for the quarter, topping the consensus estimate of $44.27 by $8.65. The bank earned $2.44 billion during the quarter, compared to the consensus estimate of $2.30 billion. First Citizens BancShares had a trailing twelve-month return on equity of 15.48% and a net margin of 18.22%.

How often does First Citizens BancShares pay dividends? What is the dividend yield for First Citizens BancShares?

First Citizens BancShares announced a quarterly dividend on Tuesday, April 16th. Investors of record on Friday, May 31st will be paid a dividend of $1.64 per share on Monday, June 17th. This represents a $6.56 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for FCNCA
.

Is First Citizens BancShares a good dividend stock?

First Citizens BancShares (NASDAQ:FCNCA) pays an annual dividend of $6.56 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 3.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCNCA will have a dividend payout ratio of 3.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCNCA.

Who are First Citizens BancShares' major shareholders?

First Citizens BancShares' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.33%), Capital Research Global Investors (1.26%), Reinhart Partners LLC. (0.40%), Lord Abbett & CO. LLC (0.20%), Nordea Investment Management AB (0.20%) and Cortland Associates Inc. MO (0.20%). 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, Hope Holding Bryant, Jeffery L Ward, Marisa Harney, Olivia Britton Holding, Robert R Hoppe, Robert T Newcomb and West Ludwig.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FCNCA) was last updated on 6/14/2024 by MarketBeat.com Staff

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