DA Davidson Issues Pessimistic Estimate for FCNCA Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – DA Davidson decreased their FY2025 EPS estimates for First Citizens BancShares in a report issued on Thursday, November 21st. DA Davidson analyst M. Navas now anticipates that the bank will post earnings per share of $160.50 for the year, down from their prior forecast of $180.85. The consensus estimate for First Citizens BancShares’ current full-year earnings is $187.88 per share.

FCNCA has been the subject of a number of other reports. Wedbush lowered their price target on shares of 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. JPMorgan Chase & Co. dropped their target price on First Citizens BancShares from $2,550.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Barclays increased their price target on First Citizens BancShares from $1,950.00 to $2,250.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Finally, StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,025.90.

First Citizens BancShares Price Performance

Shares of NASDAQ FCNCA opened at $2,353.08 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. First Citizens BancShares has a 1-year low of $1,363.97 and a 1-year high of $2,363.90. The company has a market capitalization of $32.92 billion, a price-to-earnings ratio of 13.48 and a beta of 0.80. The business has a 50-day moving average of $2,016.00 and a 200-day moving average of $1,893.32.

First Citizens BancShares (NASDAQ:FCNCA) last announced 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 net margin of 17.36% and a return on equity of 13.63%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the firm earned $55.92 earnings per share.

Institutional Investors Weigh In On First Citizens BancShares

Institutional investors and hedge funds have recently bought and sold shares of the business. LRI Investments LLC acquired a new position in shares of First Citizens BancShares in the 1st quarter worth $33,000. V Square Quantitative Management LLC acquired a new stake in First Citizens BancShares during the 2nd quarter worth about $35,000. Brooklyn Investment Group acquired a new stake in First Citizens BancShares during the 3rd quarter worth about $39,000. Gradient Investments LLC purchased a new stake in First Citizens BancShares during the second quarter valued at about $52,000. Finally, GAMMA Investing LLC boosted its holdings in shares of First Citizens BancShares by 129.6% in the third quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock worth $114,000 after buying an additional 35 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

First Citizens BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $1.64. First Citizens BancShares’s payout ratio is 3.76%.

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.