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

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Investment analysts at DA Davidson lifted their FY2025 earnings per share 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 earn $166.20 per share for the year, up from their prior estimate of $163.70. The consensus estimate for First Citizens BancShares’ current full-year earnings is $167.59 per share. DA Davidson also issued estimates for First Citizens BancShares’ FY2026 earnings at $191.75 EPS.

Other equities research analysts have also recently issued reports about the company. Citigroup increased their price objective on First Citizens BancShares from $1,900.00 to $2,050.00 and gave the company a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on First Citizens BancShares from $2,100.00 to $2,250.00 and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Financial Group initiated coverage on shares of First Citizens BancShares in a research report on Wednesday, May 21st. They set a “hold” rating and a $2,050.00 price target for the company. Wall Street Zen downgraded shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Monday, April 28th. Finally, TD Cowen initiated coverage on shares of First Citizens BancShares in a research report on Thursday, May 15th. They set a “buy” rating and a $2,400.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, First Citizens BancShares has an average rating of “Moderate Buy” and a consensus price target of $2,323.67.

First Citizens BancShares Trading Up 1.0%

NASDAQ FCNCA opened at $2,094.02 on Thursday. First Citizens BancShares has a 12 month low of $1,473.62 and a 12 month high of $2,412.93. The stock has a market cap of $27.83 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.96 and a beta of 0.64. The stock’s fifty day moving average price is $1,876.34 and its 200-day moving average price is $1,940.53. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.77.

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

First Citizens BancShares Dividend Announcement

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

Insider Buying and Selling at First Citizens BancShares

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. acquired 350 shares of the stock in a transaction on Friday, May 2nd. The stock was acquired 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 directly owned 2,758 shares of the company’s stock, valued at $4,440,380. This trade represents a 14.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.40% of the company’s stock.

Hedge Funds Weigh In On First Citizens BancShares

Institutional investors have recently bought and sold shares of the business. Exencial Wealth Advisors LLC lifted its holdings in shares of First Citizens BancShares by 1.2% in the 4th quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank’s stock worth $904,000 after acquiring an additional 5 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of First Citizens BancShares by 3.0% in the 4th quarter. Private Advisor Group LLC now owns 172 shares of the bank’s stock worth $363,000 after acquiring an additional 5 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of First Citizens BancShares by 3.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 155 shares of the bank’s stock worth $328,000 after acquiring an additional 5 shares during the last quarter. JT Stratford LLC lifted its holdings in shares of First Citizens BancShares by 0.4% in the 4th quarter. JT Stratford LLC now owns 1,247 shares of the bank’s stock worth $2,635,000 after acquiring an additional 5 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of First Citizens BancShares by 54.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 17 shares of the bank’s stock worth $32,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 78.01% of the company’s stock.

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.