DA Davidson Analysts Raise Earnings Estimates for FCNCA

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Analysts at DA Davidson lifted their Q2 2025 earnings per share estimates for shares of First Citizens BancShares in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the bank will earn $38.85 per share for the quarter, up from their prior estimate of $38.67. The consensus estimate for First Citizens BancShares’ current full-year earnings is $167.59 per share.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Thursday, April 24th. The bank reported $37.79 earnings per share for the quarter, beating the consensus estimate of $37.72 by $0.07. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.22 billion. First Citizens BancShares had a return on equity of 11.98% and a net margin of 17.10%.

Several other equities research analysts have also recently weighed in on FCNCA. The Goldman Sachs Group dropped their price objective on First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Wall Street Zen cut First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Monday, April 28th. Jefferies Financial Group started coverage on First Citizens BancShares in a research note on Wednesday, May 21st. They issued a “hold” rating and a $2,050.00 price target for the company. Piper Sandler raised First Citizens BancShares from a “neutral” rating to an “overweight” rating and set a $2,250.00 price objective for the company in a report on Tuesday, March 11th. Finally, TD Cowen initiated coverage on First Citizens BancShares in a report on Thursday, May 15th. They issued a “buy” rating and a $2,400.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,323.67.

First Citizens BancShares Trading Up 1.5%

Shares of FCNCA stock opened at $2,073.91 on Wednesday. First Citizens BancShares has a 1-year low of $1,473.62 and a 1-year high of $2,412.93. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $1,863.97 and a 200 day moving average of $1,940.83. The stock has a market capitalization of $27.56 billion, a PE ratio of 11.88, a P/E/G ratio of 0.95 and a beta of 0.64.

Institutional Investors Weigh In On First Citizens BancShares

A number of hedge funds have recently made changes to their positions in FCNCA. MassMutual Private Wealth & Trust FSB raised its position in First Citizens BancShares by 54.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 17 shares of the bank’s stock valued at $32,000 after purchasing an additional 6 shares during the period. SVB Wealth LLC bought a new position in First Citizens BancShares in the first quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new position in First Citizens BancShares in the fourth quarter worth approximately $40,000. Community Bank N.A. bought a new stake in First Citizens BancShares during the 1st quarter valued at $44,000. Finally, Wayfinding Financial LLC bought a new stake in First Citizens BancShares during the 1st quarter valued at $64,000. 78.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. bought 350 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average cost of $1,610.00 per share, for a total transaction of $563,500.00. Following the completion of the transaction, the chief executive officer owned 2,758 shares of the company’s stock, valued at approximately $4,440,380. This represents a 14.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 13.40% of the company’s stock.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $1.95 dividend. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, May 30th. First Citizens BancShares’s dividend payout ratio (DPR) is 4.47%.

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.