Evergreen Capital Management LLC Takes Position in First Citizens BancShares, Inc. $FCNCA

Evergreen Capital Management LLC bought a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 389 shares of the bank’s stock, valued at approximately $835,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FCNCA. SBI Securities Co. Ltd. acquired a new position in shares of First Citizens BancShares in the 3rd quarter valued at approximately $27,000. UMB Bank n.a. raised its position in shares of First Citizens BancShares by 100.0% in the 3rd quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock valued at $29,000 after buying an additional 8 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of First Citizens BancShares in the 3rd quarter valued at approximately $32,000. Harbor Investment Advisory LLC raised its position in shares of First Citizens BancShares by 150.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 15 shares of the bank’s stock valued at $32,000 after buying an additional 9 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of First Citizens BancShares by 280.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19 shares of the bank’s stock valued at $34,000 after buying an additional 14 shares in the last quarter. 78.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. bought 92 shares of First Citizens BancShares stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of $1,550.00 per share, with a total value of $142,600.00. Following the acquisition, the chief executive officer directly owned 2,841 shares of the company’s stock, valued at $4,403,550. The trade was a 3.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 258 shares of company stock worth $404,236. Insiders own 14.63% of the company’s stock.

First Citizens BancShares Trading Down 2.2%

FCNCA opened at $1,931.94 on Friday. First Citizens BancShares, Inc. has a fifty-two week low of $1,623.76 and a fifty-two week high of $2,232.21. 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 firm has a market capitalization of $23.07 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.47 and a beta of 0.65. The company’s 50 day moving average price is $1,930.63 and its two-hundred day moving average price is $1,958.46.

First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Thursday, April 23rd. The bank reported $44.86 earnings per share for the quarter, topping analysts’ consensus estimates of $43.31 by $1.55. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.37%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the firm posted $37.79 EPS. As a group, research analysts predict that First Citizens BancShares, Inc. will post 178.89 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th. First Citizens BancShares’s payout ratio is presently 5.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FCNCA shares. UBS Group set a $2,325.00 price target on shares of First Citizens BancShares in a report on Wednesday, February 4th. TD Cowen raised shares of First Citizens BancShares to a “strong-buy” rating in a report on Monday, April 13th. Wall Street Zen raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Piper Sandler set a $2,050.00 price target on shares of First Citizens BancShares in a report on Friday. Finally, The Goldman Sachs Group lowered shares of First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,300.00 price target on the stock. in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,218.75.

Key Headlines Impacting First Citizens BancShares

Here are the key news stories impacting First Citizens BancShares this week:

• Positive Sentiment: Board declared a quarterly common dividend of $2.10/share (paid June 15, record May 29), supporting income investors and signaling capital return confidence. PR Newswire – Dividends
• Positive Sentiment: Q1 EPS beat: First Citizens reported $44.86 EPS, topping consensus estimates — a strong bottom-line result that offsets some top-line concerns and supports valuation metrics. PR Newswire – Q1 Earnings
• Positive Sentiment: Management announced plans to expand commercial banking capabilities and align brand names later in 2026, a strategic push that could drive future revenue and client integration benefits. PR Newswire – Commercial Solutions
• Neutral Sentiment: Company plans to retire the Silicon Valley Bank name from the businesses it acquired — a reputational/branding move that reduces legacy confusion but has limited near-term financial impact. PYMNTS – SVB Rebrand
• Neutral Sentiment: Management hosted an earnings call describing a balance of growth opportunities and margin/pressure challenges — useful color for investors but not an immediate catalyst. TipRanks – Earnings Call
• Neutral Sentiment: Market write-ups and presentations (Seeking Alpha, Zacks, American Banking News) provide analysis and comparisons to peers; they help investors dig into metrics but are not direct drivers. Seeking Alpha – Q1 Presentation
• Neutral Sentiment: Short-interest data published for April appears anomalous (shows zero shares), suggesting no clear short-squeeze signal — treat this data point cautiously. MarketBeat – Short Interest
• Negative Sentiment: JPMorgan lowered its price target from $2,200 to $2,150 and moved to a “neutral” rating, which reduces an influential broker’s upside narrative and likely pressured trader sentiment. Benzinga – JPMorgan Price Target
• Negative Sentiment: Top-line weakness: revenue for the quarter came in below consensus ($2.14B reported vs ~$2.20B expected), highlighted in media coverage and likely fueling concerns about near-term growth momentum. MSN – Sales Miss

First Citizens BancShares Company Profile

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.