First Citizens BancShares (NASDAQ:FCNCA) Given New $2,450.00 Price Target at JPMorgan Chase & Co.

First Citizens BancShares (NASDAQ:FCNCA) had its price target boosted by JPMorgan Chase & Co. from $2,350.00 to $2,450.00 in a report released on Friday,Benzinga reports. The firm currently has a neutral rating on the bank’s stock.

Several other brokerages also recently commented on FCNCA. Fundamental Research set a $2,350.00 price objective on shares of First Citizens BancShares in a research note on Wednesday, July 1st. Zacks Research upgraded First Citizens BancShares from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. TD Cowen lowered their price target on First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating for the company in a research report on Monday, April 27th. The Goldman Sachs Group increased their price objective on First Citizens BancShares from $2,100.00 to $2,340.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded First Citizens BancShares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, First Citizens BancShares has a consensus rating of “Hold” and an average price target of $2,258.85.

First Citizens BancShares Stock Performance

NASDAQ FCNCA opened at $2,160.65 on Friday. The company has a 50-day simple moving average of $2,064.10 and a two-hundred day simple moving average of $2,018.36. First Citizens BancShares has a 12-month low of $1,623.76 and a 12-month high of $2,237.82. The firm has a market cap of $25.04 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.67 and a beta of 0.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.67.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $57.09 EPS for the quarter, topping the consensus estimate of $0.41 by $56.68. First Citizens BancShares had a return on equity of 11.98% and a net margin of 16.28%.The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, equities analysts forecast that First Citizens BancShares will post 177.18 EPS for the current year.

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $2.10 dividend. This represents a $8.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, August 31st. First Citizens BancShares’s payout ratio is currently 4.83%.

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. bought 335 shares of First Citizens BancShares stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $1,920.80 per share, for a total transaction of $643,468.00. Following the acquisition, the chief executive officer directly owned 64,435 shares in the company, valued at approximately $123,766,748. This represents a 0.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 7,190 shares of company stock worth $12,573,868 over the last quarter. 14.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On First Citizens BancShares

Several institutional investors have recently modified their holdings of FCNCA. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $441,755,000 after purchasing an additional 205,658 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of First Citizens BancShares by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 125,947 shares of the bank’s stock worth $237,333,000 after acquiring an additional 1,886 shares during the last quarter. Morgan Stanley lifted its stake in shares of First Citizens BancShares by 31.8% during the 4th quarter. Morgan Stanley now owns 123,048 shares of the bank’s stock worth $264,087,000 after acquiring an additional 29,681 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in First Citizens BancShares by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,317 shares of the bank’s stock valued at $262,514,000 after acquiring an additional 12,303 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in First Citizens BancShares by 20.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 91,876 shares of the bank’s stock valued at $174,048,000 after acquiring an additional 15,788 shares during the period. 78.01% of the stock is owned by institutional investors.

First Citizens BancShares News Summary

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

• Positive Sentiment: First Citizens BancShares reported Q2 2026 earnings of $57.09 per share, far above Wall Street expectations, and revenue of $2.24 billion also beat estimates, signaling much stronger-than-expected profitability. First Citizens BancShares Reports Second Quarter 2026 Earnings
• Positive Sentiment: JPMorgan Chase raised its price target on FCNCA to $2,450 from $2,350, suggesting additional upside even though it kept a neutral rating. Benzinga
• Positive Sentiment: The board declared a quarterly dividend of $2.10 per share, underscoring ongoing shareholder returns and financial stability. First Citizens BancShares Declares Dividends
• Neutral Sentiment: Short-interest data showed 0 shares sold short and a 0.0-day short-interest ratio, so the update does not provide a meaningful new signal for the stock. First Citizens BancShares stock page

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.