First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) announced its quarterly earnings results on Friday. The bank reported $45.10 EPS for the quarter, beating the consensus estimate of $39.32 by $5.78, Zacks reports. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%.
First Citizens BancShares Trading Up 0.4 %
FCNCA traded up $8.51 during midday trading on Friday, hitting $2,225.00. The company's stock had a trading volume of 151,271 shares, compared to its average volume of 74,791. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. The firm has a market cap of $31.13 billion, a P/E ratio of 12.75, a PEG ratio of 1.03 and a beta of 0.86. The firm has a 50-day moving average price of $2,169.63 and a two-hundred day moving average price of $2,028.74. First Citizens BancShares has a 52-week low of $1,383.00 and a 52-week high of $2,412.93.
First Citizens BancShares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a yield of 0.35%. First Citizens BancShares's dividend payout ratio is presently 4.47%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on FCNCA shares. JPMorgan Chase & Co. raised their target price on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th. Barclays raised their target price on shares of First Citizens BancShares from $2,250.00 to $2,456.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. UBS Group started coverage on shares of First Citizens BancShares in a research report on Tuesday, December 17th. They set a "buy" rating and a $2,700.00 target price on the stock. StockNews.com lowered shares of First Citizens BancShares from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Keefe, Bruyette & Woods upgraded shares of First Citizens BancShares from a "market perform" rating to an "outperform" rating and set a $2,500.00 target price on the stock in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, First Citizens BancShares presently has a consensus rating of "Hold" and an average price target of $2,290.75.
Read Our Latest Research Report on First Citizens BancShares
About First Citizens BancShares
(
Get Free Report)
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.
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