DA Davidson Has Bullish Outlook for FCNCA FY2025 Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) - Stock analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for shares of First Citizens BancShares in a research note issued to investors on Tuesday, February 11th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $169.65 for the year, up from their previous estimate of $162.31. The consensus estimate for First Citizens BancShares' current full-year earnings is $165.15 per share.

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

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on First Citizens BancShares from $2,550.00 to $2,600.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Truist Financial lifted their target price on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. UBS Group began coverage on shares of First Citizens BancShares in a research note on Tuesday, December 17th. They set a "buy" rating and a $2,700.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Citizens BancShares in a research note on Monday, December 9th. They issued a "buy" rating and a $2,600.00 price objective for the company. Finally, Piper Sandler increased their target price on shares of First Citizens BancShares from $2,100.00 to $2,250.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,323.50.

First Citizens BancShares Stock Up 1.6 %

Shares of FCNCA stock traded up $34.47 on Thursday, reaching $2,141.49. 34,868 shares of the company's stock traded hands, compared to its average volume of 70,091. The company has a market capitalization of $29.96 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.00 and a beta of 0.85. First Citizens BancShares has a 12-month low of $1,475.85 and a 12-month high of $2,412.93. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. The business's 50 day moving average price is $2,143.80 and its two-hundred day moving average price is $2,065.55.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $1.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.36%. First Citizens BancShares's payout ratio is 4.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCNCA. M&T Bank Corp increased its position in shares of First Citizens BancShares by 0.8% in the 3rd quarter. M&T Bank Corp now owns 607 shares of the bank's stock valued at $1,117,000 after buying an additional 5 shares in the last quarter. Mather Group LLC. raised its position in shares of First Citizens BancShares by 38.5% during the fourth quarter. Mather Group LLC. now owns 18 shares of the bank's stock worth $38,000 after purchasing an additional 5 shares during the period. Private Advisor Group LLC lifted its holdings in shares of 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 in the last quarter. Exencial Wealth Advisors LLC grew its position in shares of First Citizens BancShares by 1.2% in the 4th quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank's stock valued at $904,000 after purchasing an additional 5 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in First Citizens BancShares by 3.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 155 shares of the bank's stock worth $328,000 after purchasing an additional 5 shares in the last quarter. 78.01% of the stock is owned by institutional investors.

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.