44 Wealth Management LLC Has $1.48 Million Stock Position in First Citizens BancShares, Inc. $FCNCA

44 Wealth Management LLC lowered its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 36.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 787 shares of the bank’s stock after selling 451 shares during the quarter. 44 Wealth Management LLC’s holdings in First Citizens BancShares were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. grew its position in First Citizens BancShares by 1.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 37,389 shares of the bank’s stock worth $69,324,000 after acquiring an additional 681 shares during the last quarter. Empowered Funds LLC lifted its stake in First Citizens BancShares by 71.9% in the first quarter. Empowered Funds LLC now owns 392 shares of the bank’s stock valued at $727,000 after buying an additional 164 shares during the period. Focus Partners Wealth lifted its stake in First Citizens BancShares by 5.2% in the first quarter. Focus Partners Wealth now owns 241 shares of the bank’s stock valued at $447,000 after buying an additional 12 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in First Citizens BancShares by 31.3% during the second quarter. EverSource Wealth Advisors LLC now owns 88 shares of the bank’s stock worth $172,000 after buying an additional 21 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in First Citizens BancShares during the second quarter worth about $260,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

Wall Street Analysts Forecast Growth

FCNCA has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of First Citizens BancShares in a research note on Friday. TD Cowen reduced their price objective on shares of First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. JPMorgan Chase & Co. boosted their price objective on shares of First Citizens BancShares from $2,350.00 to $2,450.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Fundamental Research set a $2,350.00 price target on shares of First Citizens BancShares in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2,258.85.

Key First Citizens BancShares News

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 Stock Down 2.4%

NASDAQ:FCNCA opened at $2,160.65 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $25.04 billion, a PE ratio of 11.55, a PEG ratio of 1.63 and a beta of 0.62. First Citizens BancShares, Inc. has a 52-week low of $1,623.76 and a 52-week high of $2,237.82. The stock has a 50-day simple moving average of $2,064.10 and a 200 day simple moving average of $2,018.36.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Thursday, July 23rd. The bank reported $57.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $56.68. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. First Citizens BancShares had a return on equity of 11.98% and a net margin of 16.28%. On average, sell-side analysts expect that First Citizens BancShares, Inc. will post 177.18 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. First Citizens BancShares’s dividend payout ratio (DPR) is 4.83%.

Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. purchased 528 shares of the stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $1,813.37 per share, for a total transaction of $957,459.36. Following the purchase, the chief executive officer owned 64,100 shares of the company’s stock, valued at approximately $116,237,017. This represents a 0.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 7,190 shares of company stock valued at $12,573,868. 14.63% of the stock is currently owned by insiders.

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.