First Citizens BancShares (FCNCA) Stock Forecast & Price Target

$1,905.96

-20.81 (-1.08%)

(As of 11/4/2024 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

$2,025.90
6.29% Upside

According to the 10 analysts' twelve-month price targets for First Citizens BancShares, the average price target is $2,025.90. The highest price target for FCNCA is $2,300.00, while the lowest price target for FCNCA is $1,650.00. The average price target represents a forecasted upside of 6.29% from the current price of $1,905.96.

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FCNCA Analyst Ratings Over Time

Type	Current Forecast 11/6/23 to 11/5/24	1 Month Ago 10/7/23 to 10/6/24	3 Months Ago 8/8/23 to 8/7/24	1 Year Ago 11/6/22 to 11/6/23
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)	5 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	$2,025.90	$2,012.11	$1,920.82	$1,625.00
Forecasted Upside	6.29% Upside	3.18% Upside	0.00% Downside	13.77% 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	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	6.29% Upside	17.54% Upside	10.46% 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
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 3 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 3 of 5 stars		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%
7/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$2,005.00	+18.93%
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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%
3/21/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$1,950.00	+23.35%
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 09:46 AM 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 Thursday, October 24, 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.:

First Citizens BancShares has a strong financial position with a debt-to-equity ratio of 1.72, indicating prudent financial management.
The company has consistently shown profitability with a PE ratio of 10.80, suggesting potential undervaluation compared to industry peers.
First Citizens BancShares has a history of returning value to shareholders through stock repurchase programs, indicating confidence in the company's future performance.
Institutional investors, including major players like Capital Research Global Investors and Vanguard Group Inc., have shown significant confidence in the company, reflecting positive market sentiment.
First Citizens BancShares pays a quarterly dividend, providing investors with a steady income stream and demonstrating commitment to shareholder returns.

First Citizens BancShares
Bear Case

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

The company's stock price has experienced volatility, with fluctuations between the 52-week low of $1,274.91 and the high of $2,174.80, which may pose risks for short-term investors.
First Citizens BancShares' current stock price of $1,843.17 is below the 50-day moving average of $1,954.37, potentially signaling a short-term bearish trend.
While the company has a strong financial position, the quick ratio and current ratio of 1.08 each may indicate limited liquidity in the short term, which could impact operational flexibility.
Market analysts have rated First Citizens BancShares as "Hold" with a consensus price target of $1,962.90, suggesting limited upside potential in the near future.
Investors should consider the company's beta of 0.82, indicating lower volatility compared to the market, which may result in slower capital appreciation during bullish market conditions.

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 $2,025.90, with a high forecast of $2,300.00 and a low forecast of $1,650.00.
: 10 Wall Street 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 analysts is that investors should "moderate buy" FCNCA shares.
: According to analysts, First Citizens BancShares's stock has a predicted upside of 6.29% 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., 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 11/5/2024 by MarketBeat.com Staff

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First Citizens BancShares (FCNCA) Stock Forecast & Price Target