What is DA Davidson's Estimate for FCNCA FY2025 Earnings?

First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) - Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of First Citizens BancShares in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $162.31 per share for the year, up from their prior estimate of $160.50. The consensus estimate for First Citizens BancShares' current full-year earnings is $187.88 per share.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing analysts' consensus estimates of $47.40 by ($1.53). First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the prior year, the company earned $55.92 EPS.

Several other research firms have also recently issued reports on FCNCA. JPMorgan Chase & Co. cut their price target on shares of First Citizens BancShares from $2,550.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Citigroup cut shares of First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 17th. StockNews.com raised First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on First Citizens BancShares in a report on Monday, December 9th. They set a "buy" rating and a $2,600.00 target price on the stock. Finally, Wedbush lowered their price target on First Citizens BancShares from $2,150.00 to $2,000.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $2,243.64.

First Citizens BancShares Stock Down 0.1 %

FCNCA stock traded down $2.55 during trading on Monday, reaching $2,127.96. The stock had a trading volume of 48,953 shares, compared to its average volume of 88,049. 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 fifty day moving average price of $2,126.99 and a 200 day moving average price of $1,958.13. The company has a market capitalization of $29.77 billion, a P/E ratio of 12.19 and a beta of 0.83. First Citizens BancShares has a 1-year low of $1,363.97 and a 1-year high of $2,388.78.

Institutional Investors Weigh In On First Citizens BancShares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank lifted its stake in First Citizens BancShares by 3,577.5% during the second quarter. Toronto Dominion Bank now owns 35,010 shares of the bank's stock valued at $58,943,000 after buying an additional 34,058 shares in the last quarter. FMR LLC raised its holdings in shares of First Citizens BancShares by 11.6% during the third quarter. FMR LLC now owns 323,532 shares of the bank's stock valued at $595,607,000 after acquiring an additional 33,713 shares during the period. Zurich Insurance Group Ltd FI lifted its position in shares of First Citizens BancShares by 225.2% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 42,159 shares of the bank's stock valued at $70,979,000 after acquiring an additional 29,194 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of First Citizens BancShares by 183,992.3% in the 3rd quarter. International Assets Investment Management LLC now owns 23,932 shares of the bank's stock valued at $440,580,000 after acquiring an additional 23,919 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in First Citizens BancShares by 6,773.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 23,921 shares of the bank's stock worth $40,274,000 after purchasing an additional 23,573 shares during the period. Institutional investors and hedge funds own 78.01% of the company's stock.

First Citizens BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $1.95 per share. The ex-dividend date was Friday, November 29th. This is a positive change from First Citizens BancShares's previous quarterly dividend of $1.64. This represents a $7.80 annualized dividend and a yield of 0.37%. First Citizens BancShares's dividend payout ratio is currently 4.47%.

About First Citizens BancShares

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.