First Citizens BancShares, Inc. (NASDAQ:FCNCA – Get Rating) – Stock analysts at DA Davidson upped their FY2023 EPS estimates for First Citizens BancShares in a report released on Wednesday, May 18th. DA Davidson analyst K. Fitzsimmons now anticipates that the bank will earn $90.60 per share for the year, up from their previous estimate of $83.51.
First Citizens BancShares (NASDAQ:FCNCA – Get Rating) last announced its earnings results on Thursday, April 28th. The bank reported $18.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $13.32 by $5.63. First Citizens BancShares had a net margin of 22.17% and a return on equity of 11.95%. During the same quarter last year, the firm earned $14.53 EPS.
Shares of FCNCA opened at $650.28 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.39 billion, a PE ratio of 11.60 and a beta of 1.06. The company’s 50 day simple moving average is $666.02 and its 200-day simple moving average is $762.17. First Citizens BancShares has a 12-month low of $610.67 and a 12-month high of $947.71.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a $0.47 dividend. The ex-dividend date is Friday, May 27th. This represents a $1.88 dividend on an annualized basis and a yield of 0.29%. First Citizens BancShares’s dividend payout ratio (DPR) is 3.35%.
In other First Citizens BancShares news, Director Harold Lee Durham, Jr. bought 2,000 shares of First Citizens BancShares stock in a transaction on Wednesday, February 23rd. The stock was bought at an average price of $24.60 per share, with a total value of $49,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider West Ludwig bought 150 shares of First Citizens BancShares stock in a transaction on Thursday, February 24th. The stock was acquired at an average cost of $725.86 per share, with a total value of $108,879.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 4,214 shares of company stock worth $889,507. 13.40% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Amitell Capital Pte Ltd acquired a new position in shares of First Citizens BancShares during the 1st quarter worth $27,000. CWM LLC acquired a new position in shares of First Citizens BancShares during the 1st quarter worth $28,000. Dark Forest Capital Management LP acquired a new position in shares of First Citizens BancShares during the 3rd quarter worth $29,000. TCI Wealth Advisors Inc. raised its stake in shares of First Citizens BancShares by 880.0% during the 1st quarter. TCI Wealth Advisors Inc. now owns 49 shares of the bank’s stock worth $33,000 after buying an additional 44 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new position in shares of First Citizens BancShares during the 1st quarter worth $36,000. 39.07% of the stock is owned by institutional investors.
First Citizens BancShares Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on First Citizens BancShares (FCNCA)
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Will John Deere’s Earnings Help to Calm the Markets?
- Lowe’s Companies Has Not Bottomed
- Silicon Labs Stock is Falling to a Better Place
- The Institutional Tide Has Turned For Cisco Systems
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.