Recent Analysts’ Ratings Changes for First Citizens BancShares (FCNCA)

A number of firms have modified their ratings and price targets on shares of First Citizens BancShares (NASDAQ: FCNCA) recently:

• 2/1/2025 – First Citizens BancShares was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/29/2025 – First Citizens BancShares had its price target raised by analysts at Truist Financial Co. from $2,303.00 to $2,384.00. They now have a “hold” rating on the stock.
• 1/27/2025 – First Citizens BancShares had its price target raised by analysts at Keefe, Bruyette & Woods from $2,500.00 to $2,600.00. They now have an “outperform” rating on the stock.
• 1/27/2025 – First Citizens BancShares had its price target raised by analysts at Piper Sandler from $2,100.00 to $2,250.00. They now have a “neutral” rating on the stock.
• 1/27/2025 – First Citizens BancShares had its price target raised by analysts at Barclays PLC from $2,456.00 to $2,568.00. They now have an “equal weight” rating on the stock.
• 1/24/2025 – First Citizens BancShares was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/16/2025 – First Citizens BancShares was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/14/2025 – First Citizens BancShares was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $2,500.00 price target on the stock.
• 1/8/2025 – First Citizens BancShares was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/7/2025 – First Citizens BancShares had its price target raised by analysts at JPMorgan Chase & Co. from $2,550.00 to $2,600.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – First Citizens BancShares is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $2,303.00 price target on the stock.
• 1/6/2025 – First Citizens BancShares had its price target raised by analysts at Barclays PLC from $2,250.00 to $2,456.00. They now have an “equal weight” rating on the stock.
• 12/17/2024 – First Citizens BancShares was downgraded by analysts at Citigroup Inc. from a “strong-buy” rating to a “hold” rating.
• 12/17/2024 – First Citizens BancShares is now covered by analysts at UBS Group AG. They set a “buy” rating and a $2,700.00 price target on the stock.
• 12/9/2024 – First Citizens BancShares was upgraded by analysts at Citigroup Inc. from a “hold” rating to a “strong-buy” rating.
• 12/9/2024 – First Citizens BancShares is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $2,600.00 price target on the stock.

First Citizens BancShares Price Performance

NASDAQ FCNCA traded up $31.51 during trading hours on Thursday, hitting $2,204.30. The company had a trading volume of 7,824 shares, compared to its average volume of 70,199. First Citizens BancShares, Inc. has a 52 week low of $1,438.08 and a 52 week high of $2,412.93. The firm has a 50 day simple moving average of $2,154.07 and a 200 day simple moving average of $2,057.68. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $30.84 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.00 and a beta of 0.85.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results 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 return on equity of 13.22% and a net margin of 18.55%. Equities research analysts expect that First Citizens BancShares, Inc. will post 165.15 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $1.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 dividend on an annualized basis and a yield of 0.35%. First Citizens BancShares’s payout ratio is 4.12%.

Institutional Investors Weigh In On First Citizens BancShares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake 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 last quarter. Mather Group LLC. grew its stake in shares of First Citizens BancShares by 38.5% in the fourth quarter. Mather Group LLC. now owns 18 shares of the bank’s stock worth $38,000 after acquiring an additional 5 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of First Citizens BancShares by 3.0% in the fourth quarter. Private Advisor Group LLC now owns 172 shares of the bank’s stock worth $363,000 after acquiring an additional 5 shares during the last quarter. Metis Global Partners LLC grew its stake 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 worth $237,000 after acquiring an additional 6 shares during the last quarter. Finally, Hemington Wealth Management grew its stake in shares of First Citizens BancShares by 60.0% in the fourth quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock worth $33,000 after acquiring an additional 6 shares during the last quarter. 78.01% of the stock is owned by hedge funds and other institutional investors.

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.