First Citizens BancShares (FCNCA) Stock Forecast & Price Target

$2,325.96 -15.06 (-0.64%)

(As of 11/26/2024 ET)

First Citizens BancShares - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
4

Buy
6

Based on 10 Wall Street analysts who have issued ratings for First Citizens BancShares in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, and 6 have given a buy rating for FCNCA.

Consensus Price Target

$2,093.40
-10.00% Downside

According to the 10 analysts' twelve-month price targets for First Citizens BancShares, the average price target is $2,093.40. The highest price target for FCNCA is $2,625.00, while the lowest price target for FCNCA is $1,650.00. The average price target represents a forecasted downside of -10.00% from the current price of $2,325.96.

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FCNCA Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2,093.40	$2,025.90	$1,920.82	$1,625.00
Forecasted Upside	-10.00% Downside	7.66% Upside	-2.90% Downside	12.14% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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FCNCA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FCNCA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Citizens BancShares Stock vs. The Competition

Type	First Citizens BancShares	Finance Companies	S&P 500
Consensus Rating Score	2.60	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-10.00% Downside	9.48% Upside	6.71% Upside
News Sentiment Rating	Positive News See Recent FCNCA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/26/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$2,025.00 ➝ $2,625.00	+12.13%
10/25/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$2,550.00 ➝ $2,300.00	+21.65%
10/25/2024	Wedbush 4 of 5 stars	D. Chiaverini Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$2,150.00 ➝ $2,000.00	+8.31%
7/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$1,950.00 ➝ $2,250.00	+6.40%
7/26/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$1,950.00 ➝ $2,150.00	+3.64%
7/26/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$2,100.00 ➝ $2,300.00	+12.14%
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7/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$2,005.00	+18.93%
7/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Long Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$1,900.00	+11.48%
4/15/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Navas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral	$1,600.00 ➝ $1,650.00	+5.40%
1/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$1,644.00 ➝ $1,754.00	+15.22%
9/29/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$1,520.00	+10.90%
6/28/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$1,775.00	+49.95%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:28 PM ET.

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

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 Monday, November 25, 2024. Please send any questions or comments about these First Citizens BancShares pros and cons to contact@marketbeat.com.

First Citizens BancShares
Bull Case

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

The recent increase in the quarterly dividend to $1.95 per share, up from $1.64, indicates a commitment to returning value to shareholders, which can attract income-focused investors.
With a current stock price of $2,194.42, the company is trading significantly above its twelve-month low of $1,363.97, suggesting a strong recovery and potential for further growth.
The firm reported a revenue of $2.45 billion for the latest quarter, exceeding analysts' expectations, which reflects strong operational performance and potential for future profitability.
First Citizens BancShares, Inc. has a solid return on equity of 13.63%, indicating effective management and the ability to generate profits from shareholders' equity, which is a positive sign for investors.
Analysts have a "Moderate Buy" rating on the stock, with an average target price of $2,025.90, suggesting that there is room for price appreciation based on current valuations.

First Citizens BancShares
Bear Case

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

The company reported earnings per share of $45.87, which missed the consensus estimate of $47.40, indicating potential challenges in meeting market expectations.
Despite a strong revenue performance, the year-over-year decline in earnings per share from $55.92 suggests that profitability may be under pressure, which could concern investors.
The stock has a beta of 0.80, indicating lower volatility compared to the market, which may limit potential gains during bullish market conditions.
With a debt-to-equity ratio of 1.68, the company has a relatively high level of debt compared to its equity, which could pose risks in times of rising interest rates or economic downturns.
Recent target price reductions by analysts, such as JPMorgan Chase lowering it from $2,550.00 to $2,300.00, may signal a lack of confidence in the stock's near-term performance.

FCNCA Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for First Citizens BancShares is $2,093.40, with a high forecast of $2,625.00 and a low forecast of $1,650.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Citizens BancShares in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FCNCA shares.
: According to analysts, First Citizens BancShares's stock has a predicted downside of -10.00% based on their 12-month stock forecasts.
: Over the previous 90 days, First Citizens BancShares's stock had 1 downgrade by analysts.
: First Citizens BancShares has been rated by research analysts at JPMorgan Chase & Co., The Goldman Sachs Group, and Wedbush in the past 90 days.
: Analysts like First Citizens BancShares more than other "finance" companies. The consensus rating for First Citizens BancShares is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how FCNCA compares to other companies.

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This page (NASDAQ:FCNCA) was last updated on 11/26/2024 by MarketBeat.com Staff

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First Citizens BancShares (FCNCA) Stock Forecast & Price Target