DA Davidson(納斯達克代碼：FCNCA)發佈的First Citizens BancShares，Inc.2023財年收益預測

First Citizens BancShares, Inc. (NASDAQ:FCNCA – Get Rating) – Investment analysts at DA Davidson boosted their FY2023 EPS estimates for shares of First Citizens BancShares in a research note issued on Thursday, June 30th. DA Davidson analyst K. Fitzsimmons now expects that the bank will earn $99.16 per share for the year, up from their previous forecast of $90.60. The consensus estimate for First Citizens BancShares' current full-year earnings is $63.85 per share.

Get

First Citizens BancShares

alerts:

First Citizens BancShares (NASDAQ:FCNCA – Get Rating) last announced its earnings results on Thursday, April 28th. The bank reported $16.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $13.48 by $3.22. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.15 billion. First Citizens BancShares had a return on equity of 11.95% and a net margin of 22.17%. During the same quarter in the previous year, the company earned $14.53 earnings per share.

FCNCA has been the topic of a number of other reports. StockNews.com raised shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Thursday, April 28th. Piper Sandler decreased their price target on First Citizens BancShares from $1,000.00 to $900.00 in a report on Friday, March 25th.

Shares of FCNCA opened at $672.58 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.16. First Citizens BancShares has a fifty-two week low of $598.01 and a fifty-two week high of $947.71. The company has a market cap of $10.76 billion, a P/E ratio of 12.00 and a beta of 1.04. The firm's 50 day moving average price is $656.13 and its 200 day moving average price is $724.29.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Friday, May 27th. First Citizens BancShares's dividend payout ratio (DPR) is 3.35%.

In other First Citizens BancShares news, Director Robert T. Newcomb acquired 750 shares of the company's stock in a transaction dated Thursday, May 5th. The stock was acquired at an average cost of $669.55 per share, with a total value of $502,162.50. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $669,550. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig L. Nix acquired 300 shares of the business's stock in a transaction that occurred on Friday, April 29th. The shares were bought at an average price of $658.96 per share, with a total value of $197,688.00. Following the completion of the transaction, the chief financial officer now directly owns 805 shares in the company, valued at $530,462.80. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,318 shares of company stock worth $891,448. 13.40% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of First Citizens BancShares during the 4th quarter valued at about $83,387,000. Davidson Kempner Capital Management LP grew its holdings in First Citizens BancShares by 147.2% in the fourth quarter. Davidson Kempner Capital Management LP now owns 60,084 shares of the bank's stock valued at $49,735,000 after purchasing an additional 35,777 shares during the period. Buckingham Strategic Partners acquired a new position in First Citizens BancShares during the fourth quarter worth approximately $1,025,000. Janus Henderson Group PLC raised its stake in First Citizens BancShares by 183.0% during the third quarter. Janus Henderson Group PLC now owns 1,149 shares of the bank's stock worth $969,000 after purchasing an additional 743 shares during the period. Finally, American Trust acquired a new position in shares of First Citizens BancShares in the 4th quarter valued at $254,000. 39.07% of the stock is owned by hedge funds and other institutional investors.

About First Citizens BancShares (Get Rating)

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.

Featured Stories

• Get a free copy of the StockNews.com research report on First Citizens BancShares (FCNCA)
• MarketBeat Podcast: Is The Market Near a Bottom, Does it Matter?
• Institutional Support For KB Home Remains High
• Using MarketBeat Market Data Tools To Find Strong Stocks in a Bear Market
• Schnitzer Steel Witnesses A Strong Quarter On The Back Of Strong Domestic Demand
• MarketBeat: Week in Review 6/27 – 7/1

Receive News & Ratings for First Citizens BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Citizens BancShares and related companies with MarketBeat.com's FREE daily email newsletter.