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NASDAQ:FCNCA

First Citizens BancShares (FCNCA) Stock Price, News & Analysis

First Citizens BancShares logo
$2,295.00 -11.52 (-0.50%)
(As of 11/29/2024 ET)

About First Citizens BancShares Stock (NASDAQ:FCNCA)

Key Stats

Today's Range
$2,289.97
$2,320.00
50-Day Range
$1,818.78
$2,353.08
52-Week Range
$1,363.97
$2,388.78
Volume
67,738 shs
Average Volume
94,215 shs
Market Capitalization
$32.11 billion
P/E Ratio
13.15
Dividend Yield
0.29%
Price Target
$2,093.40
Consensus Rating
Moderate Buy

Company Overview

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. Its loan product portfolio comprises commercial construction and mortgage; and commercial and industrial leases, as well as small business administration loans. In addition, the company offers consumer loans, such as residential and revolving mortgage, consumer auto, and other consumer loans. Further, it provides wealth management services, including annuities, brokerage services, and third-party mutual funds, as well as investment management and advisory services. The company provides its products and services through its branch network. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina.

First Citizens BancShares Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
69th Percentile Overall Score

FCNCA MarketRank™: 

First Citizens BancShares scored higher than 69% of companies evaluated by MarketBeat, and ranked 404th out of 950 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    First Citizens BancShares has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    First Citizens BancShares has only been the subject of 3 research reports in the past 90 days.

  • Read more about First Citizens BancShares' stock forecast and price target.
  • Earnings Growth

    Earnings for First Citizens BancShares are expected to decrease by -15.37% in the coming year, from $187.88 to $159.01 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of First Citizens BancShares is 13.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.77.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of First Citizens BancShares is 13.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.68.

  • Price to Book Value per Share Ratio

    First Citizens BancShares has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about First Citizens BancShares' valuation and earnings.
  • Percentage of Shares Shorted

    2.70% of the outstanding shares of First Citizens BancShares have been sold short.
  • Short Interest Ratio / Days to Cover

    First Citizens BancShares has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in First Citizens BancShares has recently increased by 4.08%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    First Citizens BancShares has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    First Citizens BancShares does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of First Citizens BancShares is 3.76%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, First Citizens BancShares will have a dividend payout ratio of 4.13% next year. This indicates that First Citizens BancShares will be able to sustain or increase its dividend.

  • Read more about First Citizens BancShares' dividend.
  • Percentage of Shares Shorted

    2.70% of the outstanding shares of First Citizens BancShares have been sold short.
  • Short Interest Ratio / Days to Cover

    First Citizens BancShares has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in First Citizens BancShares has recently increased by 4.08%, indicating that investor sentiment is decreasing.
  • News Sentiment

    First Citizens BancShares has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 21 news articles for First Citizens BancShares this week, compared to 7 articles on an average week.
  • Search Interest

    Only 6 people have searched for FCNCA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added First Citizens BancShares to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, First Citizens BancShares insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    13.40% of the stock of First Citizens BancShares is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    61.18% of the stock of First Citizens BancShares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about First Citizens BancShares' insider trading history.
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FCNCA Stock News Headlines

DA Davidson Has Negative Forecast for FCNCA FY2025 Earnings
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DA Davidson Has Negative Outlook of FCNCA FY2024 Earnings
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See More Headlines

FCNCA Stock Analysis - Frequently Asked Questions

First Citizens BancShares' stock was trading at $1,418.97 at the beginning of the year. Since then, FCNCA stock has increased by 61.7% and is now trading at $2,295.00.
View the best growth stocks for 2024 here
.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) announced its quarterly earnings data on Thursday, October, 24th. The bank reported $45.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $47.40 by $1.53. The bank had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.36 billion. First Citizens BancShares had a net margin of 17.36% and a trailing twelve-month return on equity of 13.63%.

First Citizens BancShares' board initiated a stock buyback plan on Thursday, July 25th 2024, which authorizes the company to repurchase $3,500,000,000 in shares, according to EventVestor. This means that the company could purchase up to 12.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Top institutional investors of First Citizens BancShares include FMR LLC (2.24%), State Street Corp (1.78%), Geode Capital Management LLC (1.40%) and Wellington Management Group LLP (1.04%). Insiders that own company stock include Olivia Britton Holding, Frank B Holding Jr, Jeffery L Ward, Harold Lee Durham Jr, Hope Holding Bryant, Craig L Nix, Marisa Harney, Robert T Newcomb, Daniel L Heavner, Ellen R Alemany, Robert R Hoppe, Eugene Flood Jr and West Ludwig.
View institutional ownership trends
.

Shares of FCNCA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Last Earnings
10/24/2024
Ex-Dividend for 12/16 Dividend
11/29/2024
Today
12/01/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/24/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:FCNCA
CUSIP
31946M10
Employees
16,021
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2,093.40
High Stock Price Target
$2,625.00
Low Stock Price Target
$1,650.00
Potential Upside/Downside
-8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$11.47 billion
Pretax Margin
23.91%

Debt

Sales & Book Value

Annual Sales
$9.67 billion
Cash Flow
$174.52 per share
Book Value
$1,568.82 per share

Miscellaneous

Free Float
12,114,000
Market Cap
$32.10 billion
Optionable
Optionable
Beta
0.80

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This page (NASDAQ:FCNCA) was last updated on 12/1/2024 by MarketBeat.com Staff
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