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

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

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group raised their price objective on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Truist Financial boosted their price target on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of First Citizens BancShares in a research note on Monday, December 9th. They set a “buy” rating and a $2,600.00 price objective for the company. Finally, Barclays increased their price target on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,323.50.

First Citizens BancShares Stock Performance

Shares of FCNCA opened at $2,125.31 on Thursday. First Citizens BancShares has a 1 year low of $1,460.76 and a 1 year high of $2,412.93. The company’s 50 day simple moving average is $2,146.68 and its 200 day simple moving average is $2,065.53. The company has a market capitalization of $29.73 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.00 and a beta of 0.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, beating 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%.

Institutional Investors Weigh In On First Citizens BancShares

Several institutional investors and hedge funds have recently bought and sold shares of FCNCA. Raymond James & Associates increased its position in First Citizens BancShares by 5.1% in the third quarter. Raymond James & Associates now owns 16,826 shares of the bank’s stock worth $30,976,000 after buying an additional 811 shares during the period. Balentine LLC bought a new position in shares of First Citizens BancShares during the third quarter worth about $3,564,000. Hiddenite Capital Partners LP increased its holdings in shares of First Citizens BancShares by 14.1% in the 3rd quarter. Hiddenite Capital Partners LP now owns 3,230 shares of the bank’s stock worth $5,946,000 after acquiring an additional 400 shares during the period. Retireful LLC bought a new stake in First Citizens BancShares in the 3rd quarter valued at about $801,000. Finally, JPMorgan Chase & Co. boosted its stake in First Citizens BancShares by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 288,960 shares of the bank’s stock valued at $531,961,000 after purchasing an additional 18,501 shares during the period. Institutional investors and hedge funds own 78.01% of the company’s stock.

First Citizens BancShares Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.37%. First Citizens BancShares’s payout ratio is 4.12%.

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.