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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:FCNCA

First Citizens BancShares (FCNCA) Stock Price, News & Analysis

$1,635.00
+18.12 (+1.12%)
(As of 03/28/2024 ET)
Today's Range
$1,598.95
$1,651.73
50-Day Range
$1,385.41
$1,616.88
52-Week Range
$910.25
$1,651.73
Volume
93,537 shs
Average Volume
82,879 shs
Market Capitalization
$23.74 billion
P/E Ratio
2.08
Dividend Yield
0.40%
Price Target
$1,774.83

First Citizens BancShares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
8.6% Upside
$1,774.83 Price Target
Short Interest
Healthy
1.79% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.46mentions of First Citizens BancShares in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$1.83 M Bought Last Quarter
Proj. Earnings Growth
8.76%
From $177.52 to $193.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.30 out of 5 stars

Finance Sector

219th out of 850 stocks

State Commercial Banks Industry

45th out of 178 stocks

FCNCA stock logo

About First Citizens BancShares Stock (NASDAQ:FCNCA)

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. Its loan product portfolio comprises commercial construction and mortgage; and commercial and industrial leases, as well as small business administration loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

FCNCA Stock Price History

FCNCA Stock News Headlines

3 Stocks Insiders are Buying at New Highs
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Carputty Secures $80M In New Funds to Accelerate Growth
FCNCA Mar 2024 1000.000 put
FCNCA Dec 2024 1810.000 call
FCNCA Mar 2024 1610.000 call
FCNCA May 2024 1820.000 call
American Express earnings, PCE data: What to Watch
See More Headlines
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Company Calendar

Last Earnings
1/26/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FCNCA
CUSIP
31946M10
Employees
16,021
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1,774.83
High Stock Price Target
$1,950.00
Low Stock Price Target
$1,520.00
Potential Upside/Downside
+1.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$11.47 billion
Pretax Margin
53.76%

Debt

Sales & Book Value

Annual Sales
$12.09 billion
Cash Flow
$180.03 per share
Book Value
$1,403.16 per share

Miscellaneous

Free Float
12,579,000
Market Cap
$23.81 billion
Optionable
Optionable
Beta
0.88
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Should I Buy First Citizens BancShares Stock? FCNCA Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of First Citizens BancShares was last updated on Wednesday, March 27, 2024 at 11:41 PM.

Pros

Here are some ways that investors could benefit from investing in First Citizens BancShares, Inc.:

  • First Citizens BancShares has a strong history of providing retail and commercial banking services since its founding in 1898, showcasing stability and experience in the industry.
  • The company offers a diverse range of deposit products including checking, savings, money market, and time deposit accounts, catering to various customer needs and preferences.
  • First Citizens BancShares provides wealth management services such as annuities, brokerage services, and investment management, offering customers comprehensive financial solutions.
  • Recent reports indicate that institutional investors, including hedge funds, have shown significant interest in the company, reflecting confidence in its performance and potential growth.
  • Despite market fluctuations, First Citizens BancShares has maintained a competitive position in the industry, indicating resilience and adaptability to changing economic conditions.

Cons

Investors should be bearish about investing in First Citizens BancShares, Inc. for these reasons:

  • The current stock price of First Citizens BancShares may be influenced by market volatility and economic uncertainties, potentially impacting short-term investment returns.
  • As a regional bank, First Citizens BancShares may face challenges related to local economic conditions and regulatory changes, affecting its profitability and growth prospects.
  • Competition in the banking industry is intense, and First Citizens BancShares may need to continuously innovate and adapt to maintain its market position against larger financial institutions.
  • Interest rate fluctuations can impact the profitability of banks like First Citizens BancShares, as changes in rates affect lending and deposit activities, potentially affecting revenue streams.
  • Investors should consider the overall economic outlook and market trends when evaluating investments in First Citizens BancShares, as external factors can influence the company's performance and stock value.

FCNCA Stock Analysis - Frequently Asked Questions

Should I buy or sell First Citizens BancShares stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Citizens BancShares in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FCNCA shares.
View FCNCA analyst ratings
or view top-rated stocks.

What is First Citizens BancShares' stock price target for 2024?

8 Wall Street analysts have issued 12-month target prices for First Citizens BancShares' shares. Their FCNCA share price targets range from $1,520.00 to $1,950.00. On average, they expect the company's stock price to reach $1,774.83 in the next year. This suggests a possible upside of 8.6% from the stock's current price.
View analysts price targets for FCNCA
or view top-rated stocks among Wall Street analysts.

How have FCNCA shares performed in 2024?

First Citizens BancShares' stock was trading at $1,418.97 at the start of the year. Since then, FCNCA shares have increased by 15.2% and is now trading at $1,635.00.
View the best growth stocks for 2024 here
.

Are investors shorting First Citizens BancShares?

First Citizens BancShares saw a increase in short interest in March. As of March 15th, there was short interest totaling 259,700 shares, an increase of 30.4% from the February 29th total of 199,100 shares. Based on an average daily trading volume, of 80,800 shares, the short-interest ratio is currently 3.2 days.
View First Citizens BancShares' Short Interest
.

When is First Citizens BancShares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our FCNCA earnings forecast
.

How were First Citizens BancShares' earnings last quarter?

First Citizens BancShares, Inc. (NASDAQ:FCNCA) posted its quarterly earnings data on Friday, January, 26th. The bank reported $46.58 earnings per share for the quarter, missing the consensus estimate of $48.49 by $1.91. The bank earned $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. First Citizens BancShares had a trailing twelve-month return on equity of 13.52% and a net margin of 51.04%.

How often does First Citizens BancShares pay dividends? What is the dividend yield for First Citizens BancShares?

First Citizens BancShares declared a quarterly dividend on Wednesday, January 24th. Investors of record on Thursday, February 29th will be paid a dividend of $1.64 per share on Friday, March 15th. This represents a $6.56 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, February 28th.
Read our dividend analysis for FCNCA
.

Is First Citizens BancShares a good dividend stock?

First Citizens BancShares (NASDAQ:FCNCA) pays an annual dividend of $6.56 per share and currently has a dividend yield of 0.41%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 0.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FCNCA will have a dividend payout ratio of 3.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FCNCA.

Who are First Citizens BancShares' major shareholders?

First Citizens BancShares' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.01%), Vanguard Group Inc. (7.01%), Coatue Management LLC (2.35%), Wellington Management Group LLP (1.65%), Dimensional Fund Advisors LP (1.29%) and Norges Bank (0.87%). Insiders that own company stock include Craig L Nix, Daniel L Heavner, Ellen R Alemany, Eugene Flood Jr, Frank B Holding Jr, Harold Lee Durham Jr, Hope Holding Bryant, Jeffery L Ward, Marisa Harney, Olivia Britton Holding, Robert R Hoppe, Robert T Newcomb and West Ludwig.
View institutional ownership trends
.

How do I buy shares of First Citizens BancShares?

Shares of FCNCA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FCNCA) was last updated on 3/28/2024 by MarketBeat.com Staff

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