DA Davidson Issues Optimistic Outlook for FCNCA Earnings

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Analysts at DA Davidson upped their Q2 2025 EPS estimates for First Citizens BancShares in a research note issued on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the bank will post earnings of $38.85 per share for the quarter, up from their previous estimate of $38.67. The consensus estimate for First Citizens BancShares’ current full-year earnings is $167.59 per share.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $37.79 earnings per share for the quarter, topping the consensus estimate of $37.72 by $0.07. First Citizens BancShares had a net margin of 17.10% and a return on equity of 11.98%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.22 billion.

FCNCA has been the subject of a number of other reports. TD Cowen began coverage on First Citizens BancShares in a research note on Thursday, May 15th. They set a “buy” rating and a $2,400.00 price objective for the company. Cowen initiated coverage on shares of First Citizens BancShares in a report on Wednesday, May 14th. They issued a “buy” rating for the company. Jefferies Financial Group initiated coverage on First Citizens BancShares in a report on Wednesday, May 21st. They set a “hold” rating and a $2,050.00 price target on the stock. Wall Street Zen downgraded First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Finally, Citigroup increased their target price on First Citizens BancShares from $1,900.00 to $2,050.00 and gave the stock a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, First Citizens BancShares presently has an average rating of “Moderate Buy” and a consensus price target of $2,323.67.

First Citizens BancShares Stock Performance

Shares of FCNCA opened at $2,094.02 on Wednesday. First Citizens BancShares has a 52 week low of $1,473.62 and a 52 week high of $2,412.93. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.77. The stock has a market cap of $27.83 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.96 and a beta of 0.64. The business has a 50-day simple moving average of $1,870.04 and a two-hundred day simple moving average of $1,940.63.

Institutional Investors Weigh In On First Citizens BancShares

A number of hedge funds have recently bought and sold shares of FCNCA. JPMorgan Chase & Co. lifted its stake in shares of First Citizens BancShares by 2.3% during the 1st quarter. JPMorgan Chase & Co. now owns 401,167 shares of the bank’s stock worth $743,815,000 after acquiring an additional 9,070 shares during the last quarter. FMR LLC grew its holdings in shares of First Citizens BancShares by 10.5% in the fourth quarter. FMR LLC now owns 357,629 shares of the bank’s stock worth $755,677,000 after purchasing an additional 34,097 shares during the last quarter. Capital International Investors boosted its position in First Citizens BancShares by 78.2% in the 4th quarter. Capital International Investors now owns 172,723 shares of the bank’s stock valued at $364,967,000 after buying an additional 75,785 shares during the period. Norges Bank bought a new position in First Citizens BancShares in the 4th quarter worth about $298,426,000. Finally, Egerton Capital UK LLP increased its position in shares of First Citizens BancShares by 21.7% during the first quarter. Egerton Capital UK LLP now owns 124,773 shares of the bank’s stock worth $231,344,000 after acquiring an additional 22,257 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.

Insider Buying and Selling

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. purchased 350 shares of First Citizens BancShares stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of $1,610.00 per share, for a total transaction of $563,500.00. Following the completion of the transaction, the chief executive officer owned 2,758 shares of the company’s stock, valued at approximately $4,440,380. This trade represents a 14.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 13.40% of the company’s stock.

First Citizens BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, May 30th. First Citizens BancShares’s payout ratio is presently 4.47%.

About First Citizens BancShares

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.