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

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Research analysts at DA Davidson boosted their FY2025 earnings per share estimates for shares of First Citizens BancShares in a report released on Tuesday, February 11th. DA Davidson analyst M. Navas now expects that the bank will earn $169.65 per share for the year, up from their previous forecast of $162.31. The consensus estimate for First Citizens BancShares’ current full-year earnings is $165.15 per share.

A number of other research analysts have also weighed in on the company. Truist Financial raised their target price on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Wedbush decreased 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 research report on Friday, October 25th. StockNews.com raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Piper Sandler increased their price target on First Citizens BancShares from $2,100.00 to $2,250.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group increased their price target on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $2,323.50.

First Citizens BancShares Stock Down 0.9 %

FCNCA stock opened at $2,107.02 on Thursday. First Citizens BancShares has a twelve month low of $1,467.51 and a twelve month high of $2,412.93. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68. The stock’s 50 day moving average is $2,146.68 and its 200-day moving average is $2,065.53. The firm has a market capitalization of $29.48 billion, a PE ratio of 11.12, a P/E/G ratio of 1.00 and a beta of 0.85.

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

First Citizens BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.95 per share. This represents a $7.80 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, February 28th. First Citizens BancShares’s dividend payout ratio (DPR) is currently 4.12%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Financial Life Planners purchased a new position in shares of First Citizens BancShares in the fourth quarter worth about $33,000. Hemington Wealth Management increased its holdings in First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock valued at $33,000 after purchasing an additional 6 shares during the period. Duncker Streett & Co. Inc. purchased a new position in First Citizens BancShares during the 4th quarter valued at about $36,000. Mather Group LLC. increased its holdings in First Citizens BancShares by 38.5% during the 4th quarter. Mather Group LLC. now owns 18 shares of the bank’s stock valued at $38,000 after purchasing an additional 5 shares during the period. Finally, Asset Planning Inc purchased a new position in First Citizens BancShares during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 78.01% of the company’s stock.

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.