Research Analysts Issue Forecasts for FCNCA FY2025 Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Stock analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of First Citizens BancShares in a report released on Thursday, November 21st. DA Davidson analyst M. Navas now anticipates that the bank will earn $160.50 per share for the year, down from their previous forecast of $180.85. The consensus estimate for First Citizens BancShares’ current full-year earnings is $187.88 per share.

Several other research firms have also weighed in on FCNCA. Wedbush cut their target price on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Barclays raised their price objective on First Citizens BancShares from $1,950.00 to $2,250.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their price target on First Citizens BancShares from $2,550.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,025.90.

First Citizens BancShares Stock Up 1.2 %

FCNCA stock opened at $2,353.08 on Monday. The firm has a market cap of $32.92 billion, a PE ratio of 13.48 and a beta of 0.80. First Citizens BancShares has a 1 year low of $1,363.97 and a 1 year high of $2,363.90. The company has a fifty day simple moving average of $2,016.00 and a 200 day simple moving average of $1,893.32. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing the consensus estimate of $47.40 by ($1.53). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.36 billion. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. During the same period in the previous year, the business posted $55.92 EPS.

Hedge Funds Weigh In On First Citizens BancShares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its stake in First Citizens BancShares by 5.1% during the third quarter. Raymond James & Associates now owns 16,826 shares of the bank’s stock worth $30,976,000 after buying an additional 811 shares during the last quarter. Balentine LLC acquired a new stake in First Citizens BancShares during the 3rd quarter valued at $3,564,000. Cetera Investment Advisers increased its holdings in First Citizens BancShares by 301.3% during the 1st quarter. Cetera Investment Advisers now owns 1,244 shares of the bank’s stock valued at $2,034,000 after purchasing an additional 934 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in First Citizens BancShares by 22.6% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 2,916 shares of the bank’s stock valued at $5,368,000 after purchasing an additional 537 shares during the last quarter. Finally, Hiddenite Capital Partners LP boosted its stake in First Citizens BancShares by 14.1% in the third quarter. Hiddenite Capital Partners LP now owns 3,230 shares of the bank’s stock worth $5,946,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

First Citizens BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $1.95 dividend. This represents a $7.80 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $1.64. First Citizens BancShares’s dividend payout ratio is 3.76%.

First Citizens BancShares Company Profile

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.