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NASDAQ:FCNCA

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

$1,530.66
-6.94 (-0.45%)
(As of 10:19 AM ET)
Today's Range
$1,524.20
$1,539.34
50-Day Range
$1,478.12
$1,635.00
52-Week Range
$945.32
$1,651.73
Volume
9,516 shs
Average Volume
80,819 shs
Market Capitalization
$22.23 billion
P/E Ratio
1.95
Dividend Yield
0.43%
Price Target
$1,768.63

First Citizens BancShares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
15.0% Upside
$1,768.63 Price Target
Short Interest
Healthy
1.96% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.85mentions of First Citizens BancShares in the last 14 days
Based on 15 Articles This Week
Insider Trading
Acquiring Shares
$1.83 M Bought Last Quarter
Proj. Earnings Growth
9.19%
From $178.72 to $195.15 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.

4.90 out of 5 stars

Finance Sector

129th out of 877 stocks

State Commercial Banks Industry

38th out of 179 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

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“Forget Tesla, this is Elon’s Next Big Thing”
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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
4/16/2024
Next Earnings (Confirmed)
4/25/2024
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
$1,768.63
High Stock Price Target
$1,950.00
Low Stock Price Target
$1,520.00
Potential Upside/Downside
+15.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$11.47 billion
Pretax Margin
53.76%

Debt

Sales & Book Value

Annual Sales
$12.09 billion
Cash Flow
$171.99 per share
Book Value
$1,403.16 per share

Miscellaneous

Free Float
12,659,000
Market Cap
$22.33 billion
Optionable
Optionable
Beta
0.89
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Key Executives

  • Mr. Frank Brown Holding Jr. (Age 63)
    Chairman & CEO
    Comp: $9.53M
  • Ms. Hope Holding Bryant (Age 61)
    Vice Chairwoman
    Comp: $5.7M
  • Mr. Peter McDonald Bristow (Age 58)
    President & Director
    Comp: $5.9M
  • Mr. Craig Lockwood Nix (Age 52)
    Chief Financial Officer
    Comp: $4.9M
  • Ms. Lorie King Rupp (Age 59)
    Chief Risk Officer
    Comp: $3.43M
  • Mr. Gregory L. Smith (Age 59)
    Chief Information & Operations Officer
  • Ms. Deanna W. Hart (Age 46)
    Senior Vice President of Investor Relations
  • Mr. Matthew G. T. Martin (Age 44)
    Chief Counsel & Corporate Secretary
  • Ms. Barbara Thompson
    Director of Corporate Communications & Brand Marketing
  • Mr. West LudwigMr. West Ludwig (Age 55)
    Executive VP & Chief Human Resources Officer

Should I Buy First Citizens BancShares Stock? FCNCA Pros and Cons Explained

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 additional financial solutions to clients.
  • Recent reports indicate that institutional investors own a significant portion of the company's stock, indicating confidence and interest from large financial entities.
  • Despite market fluctuations, First Citizens BancShares has shown resilience and adaptability, maintaining a competitive edge in the regional banking industry.

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 overvalued compared to its industry peers, potentially leading to limited short-term growth opportunities.
  • Regional banks, like First Citizens BancShares, are susceptible to economic downturns and interest rate fluctuations, impacting their profitability and stock performance.
  • Intense competition in the banking sector could pose challenges for First Citizens BancShares in terms of market share retention and revenue growth.
  • Regulatory changes and compliance requirements in the financial industry may increase operational costs for First Citizens BancShares, affecting its bottom line.
  • Market volatility and unpredictable macroeconomic factors could influence the stock price of First Citizens BancShares, leading to potential investment risks for shareholders.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these First Citizens BancShares pros and cons to contact@marketbeat.com.

FCNCA Stock Analysis - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Citizens BancShares in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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?

9 brokers have issued 12 month price objectives 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 share price to reach $1,768.63 in the next twelve months. This suggests a possible upside of 15.0% 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 beginning of 2024. Since then, FCNCA stock has increased by 8.4% and is now trading at $1,537.60.
View the best growth stocks for 2024 here
.

Are investors shorting First Citizens BancShares?

First Citizens BancShares saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 285,000 shares, an increase of 9.7% from the March 15th total of 259,700 shares. Based on an average daily volume of 83,300 shares, the short-interest ratio is currently 3.4 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 Thursday, April 25th 2024.
View our FCNCA earnings forecast
.

How can I listen to First Citizens BancShares' earnings call?

First Citizens BancShares will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were First Citizens BancShares' earnings last quarter?

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

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. Shareholders of record on Thursday, February 29th will be given a dividend of $1.64 per share on Friday, March 15th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date 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 0.42%. 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 3.36% 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 shareholders include Reinhart Partners LLC. (0.40%), Alaska Permanent Fund Corp (0.01%), Hennessy Advisors Inc. (0.01%), Symmetry Partners LLC (0.00%), Park Avenue Securities LLC (0.00%) and Canandaigua National Bank & Trust Co. (0.00%). 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 4/16/2024 by MarketBeat.com Staff

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