2 weeks Ago By ABMN Staff
First Citizens BancShares, Inc. ( NASDAQ:FCNCA – Free Report ) – Stock analysts at Wedbush issued their Q1 2026 earnings estimates for First Citizens BancShares in a research report issued to clients and investors on Tuesday, September 24th. Wedbush analyst D.
Chiaverini forecasts that the bank will post earnings of $49.57 per share for the quarter. Wedbush has a “Neutral” rating and a $2,150.
00 price objective on the stock. The consensus estimate for First Citizens BancShares’ current full-year earnings is $200.92 per share.
FCNCA has been the subject of a number of other research reports. Keefe, Bruyette & Woods upped their target price on shares of First Citizens BancShares from $2,100.00 to $2,300.
00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler lifted their price target on First Citizens BancShares from $1,950.00 to $2,150.
00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Jefferies Financial Group initiated coverage on First Citizens BancShares in a report on Tuesday, July 9th. They issued a “buy” rating and a $2,005.
00 price target for the company. Barclays upped their price target on First Citizens BancShares from $1,950.00 to $2,250.
00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Finally, Raymond James raised First Citizens BancShares from a “market perform” rating to an “outperform” rating and set a $1,900.00 price target on the stock in a research report on Tuesday, July 2nd.
Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,962.90.
First Citizens BancShares Stock Down 1.7 % NASDAQ:FCNCA opened at $1,845.53 on Friday.
The company’s 50 day moving average is $1,954.63 and its two-hundred day moving average is $1,770.76.
The company has a market cap of $26.82 billion, a PE ratio of 10.25 and a beta of 0.
82. The company has a current ratio of 1.08, a quick ratio of 1.
08 and a debt-to-equity ratio of 1.72. First Citizens BancShares has a twelve month low of $1,274.
91 and a twelve month high of $2,174.80. First Citizens BancShares ( NASDAQ:FCNCA – Get Free Report ) last released its earnings results on Thursday, July 25th.
The bank reported $50.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $44.91 by $5.
96. First Citizens BancShares had a net margin of 18.19% and a return on equity of 14.
84%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $2.
30 billion. During the same quarter last year, the business earned $52.60 EPS.
Institutional Investors Weigh In On First Citizens BancShares A number of institutional investors and hedge funds have recently made changes to their positions in FCNCA. Covestor Ltd raised its position in First Citizens BancShares by 2.9% in the 1st quarter.
Covestor Ltd now owns 215 shares of the bank’s stock worth $352,000 after purchasing an additional 6 shares during the period. Wedbush Securities Inc. raised its position in First Citizens BancShares by 0.
5% in the second quarter. Wedbush Securities Inc. now owns 1,199 shares of the bank’s stock worth $2,019,000 after acquiring an additional 6 shares during the period.
Park Avenue Securities LLC raised its position in First Citizens BancShares by 1.6% in the first quarter. Park Avenue Securities LLC now owns 450 shares of the bank’s stock worth $736,000 after acquiring an additional 7 shares during the period.
HB Wealth Management LLC increased its stake in shares of First Citizens BancShares by 3.9% in the second quarter. HB Wealth Management LLC now owns 187 shares of the bank’s stock worth $315,000 after purchasing an additional 7 shares in the last quarter.
Finally, Raymond James Trust N.A. increased its stake in shares of First Citizens BancShares by 1.
6% in the second quarter. Raymond James Trust N.A.
now owns 625 shares of the bank’s stock worth $1,052,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.
First Citizens BancShares declared that its Board of Directors has approved a share repurchase program on Thursday, July 25th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the bank to repurchase up to 12.
3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued. First Citizens BancShares Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th.
Stockholders of record on Friday, August 30th were issued a dividend of $1.64 per share. The ex-dividend date was Friday, August 30th.
This represents a $6.56 annualized dividend and a dividend yield of 0.36%.
First Citizens BancShares’s dividend payout ratio is currently 3.64%. First Citizens BancShares Company Profile ( 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. Read More 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.com's FREE daily email newsletter .
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