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NASDAQ:FCNCA

First Citizens BancShares (FCNCA) Stock Price, News & Analysis

$1,898.10
-54.32 (-2.78%)
(As of 09/6/2024 ET)
Today's Range
$1,897.05
â–Ľ
$1,956.58
50-Day Range
$1,685.92
â–Ľ
$2,128.51
52-Week Range
$1,274.91
â–Ľ
$2,174.80
Volume
91,381 shs
Average Volume
85,201 shs
Market Capitalization
$27.58 billion
P/E Ratio
10.54
Dividend Yield
0.35%
Price Target
$1,920.82

First Citizens BancShares MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
1.2% Upside
$1,920.82 Price Target
Short Interest
Healthy
1.49% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
1.16mentions of First Citizens BancShares in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.26%
From $200.92 to $201.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Finance Sector

62nd out of 871 stocks

State Commercial Banks Industry

10th out of 177 stocks

FCNCA stock logo

About First Citizens BancShares Stock (NASDAQ:FCNCA)

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. Its loan product portfolio comprises commercial construction and mortgage; and commercial and industrial leases, as well as small business administration loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

FCNCA Stock Price History

FCNCA Stock News Headlines

The death of Nvidia?
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FCNCA Sep 2024 2200.000 put (FCNCA240920P02200000)
The death of Nvidia?
Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.
See More Headlines
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Company Calendar

Ex-Dividend for 6/17 Dividend
5/31/2024
Dividend Payable
6/17/2024
Last Earnings
7/25/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Today
9/07/2024
Dividend Payable
9/16/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FCNCA
CUSIP
31946M10
Employees
16,021
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1,920.82
High Stock Price Target
$2,300.00
Low Stock Price Target
$1,520.00
Potential Upside/Downside
+1.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$11.47 billion
Pretax Margin
24.84%

Debt

Sales & Book Value

Annual Sales
$9.77 billion
Cash Flow
$164.20 per share
Book Value
$1,493.57 per share

Miscellaneous

Free Float
12,583,000
Market Cap
$27.58 billion
Optionable
Optionable
Beta
0.83
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Key Executives

  • Mr. Frank Brown Holding Jr. (Age 63)
    Chairman & CEO
    Comp: $9.53M
  • Ms. Hope Holding BryantMs. Hope Holding Bryant (Age 61)
    Vice Chairwoman
    Comp: $5.7M
  • Mr. Peter McDonald Bristow (Age 58)
    President & Director
    Comp: $5.9M
  • Mr. Craig Lockwood Nix (Age 52)
    Chief Financial Officer
    Comp: $4.9M
  • Ms. Lorie King Rupp (Age 59)
    Chief Risk Officer
    Comp: $3.43M
  • Mr. Gregory L. Smith (Age 59)
    Chief Information & Operations Officer
  • Ms. Deanna W. Hart (Age 46)
    Senior Vice President of Investor Relations
  • Mr. Matthew G. T. Martin (Age 44)
    Chief Counsel & Corporate Secretary
  • Ms. Barbara Thompson
    Director of Corporate Communications & Brand Marketing
  • Mr. West  LudwigMr. West Ludwig (Age 55)
    Executive VP & Chief Human Resources Officer

Should I Buy First Citizens BancShares Stock? FCNCA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in First Citizens BancShares, Inc.:

  • First Citizens BancShares has a strong dividend yield of 0.33%, providing investors with a steady income stream.
  • The company has a low payout ratio of 3.64%, indicating that it has room for potential dividend increases or reinvestment in the business.
  • Recent analyst ratings have been positive, with several analysts upgrading the stock and setting higher price targets, suggesting growth potential.
  • First Citizens BancShares reported strong earnings results, beating analyst estimates and demonstrating solid financial performance.
  • The stock price of First Citizens BancShares has been showing an upward trend, reaching $2,015.05, which may indicate positive market sentiment.

Cons

Investors should be bearish about investing in First Citizens BancShares, Inc. for these reasons:

  • The dividend yield of 0.33% may be considered low by some investors seeking higher income-generating investments.
  • Market volatility and economic uncertainties could impact the stock price of First Citizens BancShares, leading to potential fluctuations in investment value.
  • While recent analyst ratings have been positive, there is always a risk of changes in market conditions or company performance affecting stock performance.
  • First Citizens BancShares operates in the financial sector, which can be sensitive to interest rate changes and regulatory developments, posing risks to investors.
  • Investors should carefully consider their risk tolerance and investment goals before investing in First Citizens BancShares, as with any stock.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these First Citizens BancShares pros and cons to contact@marketbeat.com.

FCNCA Stock Analysis - Frequently Asked Questions

How have FCNCA shares performed this year?

First Citizens BancShares' stock was trading at $1,418.97 at the beginning of 2024. Since then, FCNCA shares have increased by 33.8% and is now trading at $1,898.10.
View the best growth stocks for 2024 here
.

How were First Citizens BancShares' earnings last quarter?

First Citizens BancShares, Inc. (NASDAQ:FCNCA) issued its quarterly earnings data on Thursday, July, 25th. The bank reported $50.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $44.91 by $5.96. The bank earned $3.77 billion during the quarter, compared to analyst estimates of $2.30 billion. First Citizens BancShares had a trailing twelve-month return on equity of 14.84% and a net margin of 18.19%.

Who are First Citizens BancShares' major shareholders?

Top institutional shareholders of First Citizens BancShares include Dimensional Fund Advisors LP (1.07%), First Citizens Bank & Trust Co. (0.63%), Systematic Financial Management LP (0.41%) and Reinhart Partners LLC. (0.39%). Insiders that own company stock include Olivia Britton Holding, Frank B Holding Jr, Jeffery L Ward, Harold Lee Durham Jr, Hope Holding Bryant, Craig L Nix, Marisa Harney, Robert T Newcomb, Daniel L Heavner, Ellen R Alemany, Robert R Hoppe, Eugene Flood Jr and West Ludwig.
View institutional ownership trends
.

How do I buy shares of First Citizens BancShares?

Shares of FCNCA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FCNCA) was last updated on 9/7/2024 by MarketBeat.com Staff

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