1 week Ago By ABMN Staff
First Citizens BancShares, Inc. ( NASDAQ:FCNCA – Free Report ) – Research analysts at DA Davidson increased their FY2025 EPS estimates for First Citizens BancShares in a note issued to investors on Thursday, December 19th. DA Davidson analyst M.
Navas now anticipates that the bank will earn $162.31 per share for the year, up from their prior forecast of $160.50.
The consensus estimate for First Citizens BancShares’ current full-year earnings is $187.88 per share. FCNCA has been the subject of several other reports.
StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. UBS Group started coverage on shares of First Citizens BancShares in a research note on Tuesday, December 17th.
They set a “buy” rating and a $2,700.00 target price on the stock. JPMorgan Chase & Co.
dropped their price target on shares of First Citizens BancShares from $2,550.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Friday, October 25th.
The Goldman Sachs Group raised their price objective on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th.
Finally, Keefe, Bruyette & Woods downgraded shares of First Citizens BancShares from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $2,100.00 to $2,500.00 in a report on Wednesday, December 4th.
Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2,243.64.
First Citizens BancShares Price Performance Shares of NASDAQ FCNCA opened at $2,127.96 on Monday. The firm has a market cap of $29.
77 billion, a P/E ratio of 12.19 and a beta of 0.83.
First Citizens BancShares has a twelve month low of $1,363.97 and a twelve month high of $2,388.78.
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 company has a 50 day moving average of $2,126.99 and a 200 day moving average of $1,958.
13. First Citizens BancShares ( NASDAQ:FCNCA – Get Free Report ) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $45.
87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $47.40 by ($1.53).
The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $55.92 EPS. Institutional Investors Weigh In On First Citizens BancShares Institutional investors and hedge funds have recently modified their holdings of the company.
M&T Bank Corp raised its position in shares of First Citizens BancShares by 0.8% in the third quarter. M&T Bank Corp now owns 607 shares of the bank’s stock worth $1,117,000 after acquiring an additional 5 shares during the period.
Wedbush Securities Inc. grew its position in shares of First Citizens BancShares by 0.5% in the second quarter.
Wedbush Securities Inc. now owns 1,199 shares of the bank’s stock valued at $2,019,000 after purchasing an additional 6 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of First Citizens BancShares by 4.
9% in the third quarter. Metis Global Partners LLC now owns 129 shares of the bank’s stock valued at $237,000 after purchasing an additional 6 shares during the last quarter. HB Wealth Management LLC boosted its stake in First Citizens BancShares by 3.
9% during the second quarter. HB Wealth Management LLC now owns 187 shares of the bank’s stock worth $315,000 after buying an additional 7 shares during the last quarter. Finally, Tandem Capital Management Corp ADV increased its stake in shares of First Citizens BancShares by 1.
8% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 459 shares of the bank’s stock worth $845,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 78.
01% of the company’s stock. First Citizens BancShares Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $1.
95 per share. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $1.64.
The ex-dividend date was Friday, November 29th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.
37%. First Citizens BancShares’s payout ratio is presently 4.47%.
About First Citizens BancShares ( Get Free Report ) 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. Further Reading Receive News & Ratings for First Citizens BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Citizens BancShares and related companies with MarketBeat.
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