First Citizens BancShares (NASDAQ:FCNCA) Shares Acquired Rep. Byron Donalds

Representative Byron Donalds (R-Florida) recently bought shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA). In a filing disclosed on February 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in First Citizens BancShares stock on January 16th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of GoDaddy (NYSE:GDDY) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of RLI (NYSE:RLI) on 1/16/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/16/2025.

First Citizens BancShares Stock Up 0.1 %

Shares of NASDAQ FCNCA opened at $2,155.94 on Wednesday. The company has a market cap of $30.16 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.00 and a beta of 0.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68. The firm’s fifty day moving average is $2,148.13 and its 200 day moving average is $2,065.11. First Citizens BancShares, Inc. has a 52 week low of $1,460.76 and a 52 week high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data on Friday, January 24th. The bank reported $45.10 EPS for the quarter, topping the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. On average, equities research analysts expect that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $1.95 dividend. This represents a $7.80 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, February 28th. First Citizens BancShares’s dividend payout ratio is presently 4.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group assumed coverage on First Citizens BancShares in a research note on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of First Citizens BancShares in a research report on Monday, December 9th. They set a “buy” rating and a $2,600.00 price objective on the stock. Truist Financial lifted their target price on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Finally, Citigroup downgraded shares of First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,323.50.

Institutional Investors Weigh In On First Citizens BancShares

A number of hedge funds have recently bought and sold shares of the business. First American Trust FSB purchased a new stake in First Citizens BancShares during the fourth quarter valued at approximately $226,000. LPL Financial LLC increased its position in shares of First Citizens BancShares by 53.0% during the 4th quarter. LPL Financial LLC now owns 3,633 shares of the bank’s stock valued at $7,676,000 after purchasing an additional 1,258 shares during the last quarter. Kirkoswald Asset Management LLC bought a new stake in First Citizens BancShares in the fourth quarter worth $22,821,000. KLP Kapitalforvaltning AS bought a new stake in First Citizens BancShares in the fourth quarter worth $15,002,000. Finally, Sei Investments Co. boosted its stake in First Citizens BancShares by 69.6% during the fourth quarter. Sei Investments Co. now owns 3,031 shares of the bank’s stock worth $6,404,000 after buying an additional 1,244 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.