First Citizens BancShares, Inc. (NASDAQ:FCNCA) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2,323.50.

Several brokerages recently issued reports on FCNCA. Keefe, Bruyette & Woods upped their price target on shares of First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group upped their target price on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Citigroup downgraded shares of First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st.

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Institutional Investors Weigh In On First Citizens BancShares

Several large investors have recently made changes to their positions in FCNCA. M&T Bank Corp lifted its holdings in First Citizens BancShares by 0.8% during the 3rd quarter. M&T Bank Corp now owns 607 shares of the bank's stock valued at $1,117,000 after purchasing an additional 5 shares during the last quarter. Mather Group LLC. lifted its holdings in First Citizens BancShares by 38.5% during the 4th quarter. Mather Group LLC. now owns 18 shares of the bank's stock valued at $38,000 after purchasing an additional 5 shares during the last quarter. Private Advisor Group LLC lifted its holdings in First Citizens BancShares by 3.0% during the 4th quarter. Private Advisor Group LLC now owns 172 shares of the bank's stock valued at $363,000 after purchasing an additional 5 shares during the last quarter. Exencial Wealth Advisors LLC lifted its holdings in shares of First Citizens BancShares by 1.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank's stock worth $904,000 after buying an additional 5 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of First Citizens BancShares by 3.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 155 shares of the bank's stock worth $328,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company's stock.

First Citizens BancShares Price Performance

Shares of FCNCA traded up $21.79 during trading hours on Friday, hitting $1,869.60. The stock had a trading volume of 89,163 shares, compared to its average volume of 67,799. The company's fifty day moving average is $2,119.94 and its two-hundred day moving average is $2,069.19. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. First Citizens BancShares has a 52 week low of $1,505.73 and a 52 week high of $2,412.93. The stock has a market capitalization of $25.38 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 0.94 and a beta of 0.85.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. On average, analysts anticipate that First Citizens BancShares will post 167.59 EPS for the current year.

First Citizens BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $1.95 dividend. This represents a $7.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, February 28th. First Citizens BancShares's payout ratio is presently 4.12%.

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.