DA Davidson Has Negative Forecast for FCNCA FY2025 Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Stock analysts at DA Davidson cut their FY2025 earnings per share estimates for First Citizens BancShares in a report released on Thursday, November 21st. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $160.50 per share for the year, down from their prior estimate 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 decreased their target price on 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. decreased their target price on First Citizens BancShares from $2,550.00 to $2,300.00 and set an “overweight” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group lifted their price target on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, StockNews.com raised First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,093.40.

First Citizens BancShares Trading Down 0.6 %

NASDAQ:FCNCA opened at $2,325.96 on Monday. The firm has a market cap of $32.54 billion, a PE ratio of 13.33 and a beta of 0.80. The stock has a fifty day moving average price of $2,025.40 and a 200 day moving average price of $1,897.60. First Citizens BancShares has a 12-month low of $1,363.97 and a 12-month high of $2,388.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data 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). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. During the same period in the previous year, the firm posted $55.92 earnings per share.

Hedge Funds Weigh In On First Citizens BancShares

Several institutional investors have recently added to or reduced their stakes in FCNCA. UniSuper Management Pty Ltd increased its position in First Citizens BancShares by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 200 shares of the bank’s stock worth $327,000 after purchasing an additional 100 shares during the period. Gabelli Funds LLC increased its position in First Citizens BancShares by 6.4% during the 1st quarter. Gabelli Funds LLC now owns 1,673 shares of the bank’s stock worth $2,735,000 after purchasing an additional 100 shares during the period. Price T Rowe Associates Inc. MD increased its position in First Citizens BancShares by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,769 shares of the bank’s stock worth $14,339,000 after purchasing an additional 365 shares during the period. Janus Henderson Group PLC increased its position in First Citizens BancShares by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 903 shares of the bank’s stock worth $1,475,000 after purchasing an additional 11 shares during the period. Finally, Tidal Investments LLC increased its position in First Citizens BancShares by 11.7% during the 1st quarter. Tidal Investments LLC now owns 592 shares of the bank’s stock worth $968,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

First Citizens BancShares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $1.95 dividend. This represents a $7.80 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, November 29th. This is a boost from First Citizens BancShares’s previous quarterly dividend of $1.64. First Citizens BancShares’s payout ratio is 4.47%.

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.