Rep. Thomas H. Kean, Jr. Purchases Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA). In a filing disclosed on March 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in First Citizens BancShares stock on February 5th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 2/13/2026.
• Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 1/29/2026.
• Sold $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 1/23/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/23/2026.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 1/23/2026.
• Sold $15,001 – $50,000 in shares of Markel Group (NYSE:MKL) on 1/23/2026.
• Sold $1,001 – $15,000 in shares of General Motors (NYSE:GM) on 1/7/2026.

First Citizens BancShares Price Performance

Shares of FCNCA stock opened at $1,857.42 on Wednesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $22.18 billion, a PE ratio of 11.21 and a beta of 0.68. The firm’s 50-day moving average is $1,997.56 and its two-hundred day moving average is $1,944.94. First Citizens BancShares, Inc. has a 12 month low of $1,473.62 and a 12 month high of $2,232.21.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings results on Friday, January 23rd. The bank reported $51.27 earnings per share for the quarter, beating the consensus estimate of $44.24 by $7.03. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.24 billion. First Citizens BancShares had a net margin of 15.21% and a return on equity of 11.18%. Analysts predict that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $2.10 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $8.40 dividend on an annualized basis and a yield of 0.5%. First Citizens BancShares’s payout ratio is 5.07%.

Analyst Ratings Changes

A number of research analysts recently commented on FCNCA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of First Citizens BancShares in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on First Citizens BancShares from $2,300.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Wall Street Zen upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research lowered First Citizens BancShares from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, TD Cowen lowered their price target on First Citizens BancShares from $2,600.00 to $2,500.00 and set a “buy” rating for the company in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,238.27.

Insider Activity

In other news, CEO Frank B. Holding, Jr. bought 92 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of $1,550.00 per share, with a total value of $142,600.00. Following the purchase, the chief executive officer owned 2,841 shares in the company, valued at approximately $4,403,550. The trade was a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 258 shares of company stock valued at $404,236. 13.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On First Citizens BancShares

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in First Citizens BancShares by 117,518.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 205,833 shares of the bank’s stock valued at $441,755,000 after purchasing an additional 205,658 shares during the period. Norges Bank acquired a new position in First Citizens BancShares during the second quarter worth $177,604,000. River Road Asset Management LLC boosted its position in shares of First Citizens BancShares by 574.0% during the fourth quarter. River Road Asset Management LLC now owns 55,402 shares of the bank’s stock worth $118,903,000 after buying an additional 47,182 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of First Citizens BancShares by 2,057.4% during the second quarter. Orion Porfolio Solutions LLC now owns 47,506 shares of the bank’s stock worth $92,944,000 after buying an additional 45,304 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of First Citizens BancShares by 390.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 48,299 shares of the bank’s stock valued at $84,995,000 after buying an additional 38,446 shares in the last quarter. Hedge funds and other institutional investors own 78.01% of the company’s stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.