DA Davidson Has Bullish Estimate for FCNCA FY2025 Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Investment analysts at DA Davidson lifted their FY2025 earnings per share estimates for First Citizens BancShares in a research report issued on Tuesday, February 11th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $169.65 for the year, up from their prior estimate of $162.31. The consensus estimate for First Citizens BancShares’ current full-year earnings is $165.15 per share.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%.

A number of other equities research analysts also recently weighed in on the company. Truist Financial upped their target price on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Barclays raised their target price on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Wedbush cut their price target on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price objective on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,323.50.

First Citizens BancShares Trading Down 1.4 %

First Citizens BancShares stock opened at $2,125.31 on Thursday. First Citizens BancShares has a 12-month low of $1,460.76 and a 12-month high of $2,412.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $29.73 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.00 and a beta of 0.85. The firm has a 50 day simple moving average of $2,146.68 and a 200-day simple moving average of $2,065.53.

Institutional Investors Weigh In On First Citizens BancShares

A number of institutional investors have recently modified their holdings of the stock. Financial Life Planners acquired a new stake in shares of First Citizens BancShares during the 4th quarter valued at about $33,000. Hemington Wealth Management raised its position in First Citizens BancShares by 60.0% during the fourth quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock valued at $33,000 after acquiring an additional 6 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in First Citizens BancShares in the fourth quarter valued at approximately $36,000. Mather Group LLC. grew its position in 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 in the last quarter. Finally, Asset Planning Inc acquired a new position in shares of First Citizens BancShares during the 4th quarter worth $38,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $1.95 per share. The ex-dividend date is Friday, February 28th. This represents a $7.80 dividend on an annualized basis and a yield of 0.37%. First Citizens BancShares’s payout ratio is presently 4.12%.

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.