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

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Stock analysts at DA Davidson boosted their FY2025 EPS estimates for shares of First Citizens BancShares in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $162.31 for the year, up from their prior estimate of $160.50. The consensus estimate for First Citizens BancShares’ current full-year earnings is $187.88 per share.

First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing the consensus estimate of $47.40 by ($1.53). First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business earned $55.92 EPS.

Several other equities analysts also recently weighed in on the stock. UBS Group started coverage on shares of First Citizens BancShares in a research note on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on shares of First Citizens BancShares from $2,550.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wedbush dropped their price target on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft initiated coverage on First Citizens BancShares in a report on Monday, December 9th. They issued a “buy” rating and a $2,600.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered First Citizens BancShares from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $2,100.00 to $2,500.00 in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2,243.64.

First Citizens BancShares Stock Up 2.9 %

NASDAQ FCNCA opened at $2,130.51 on Monday. First Citizens BancShares has a one year low of $1,363.97 and a one year high of $2,388.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. The business has a fifty day moving average price of $2,125.14 and a 200 day moving average price of $1,955.08. The company has a market cap of $29.80 billion, a P/E ratio of 12.21 and a beta of 0.83.

Institutional Investors Weigh In On First Citizens BancShares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its stake in First Citizens BancShares by 3,577.5% during the 2nd quarter. Toronto Dominion Bank now owns 35,010 shares of the bank’s stock worth $58,943,000 after acquiring an additional 34,058 shares in the last quarter. FMR LLC increased its stake in First Citizens BancShares by 11.6% during the third quarter. FMR LLC now owns 323,532 shares of the bank’s stock worth $595,607,000 after purchasing an additional 33,713 shares during the period. Zurich Insurance Group Ltd FI lifted its position in shares of First Citizens BancShares by 225.2% during the second quarter. Zurich Insurance Group Ltd FI now owns 42,159 shares of the bank’s stock worth $70,979,000 after purchasing an additional 29,194 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of First Citizens BancShares by 183,992.3% in the third quarter. International Assets Investment Management LLC now owns 23,932 shares of the bank’s stock valued at $440,580,000 after purchasing an additional 23,919 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of First Citizens BancShares by 6,773.9% in the second quarter. Thrivent Financial for Lutherans now owns 23,921 shares of the bank’s stock valued at $40,274,000 after purchasing an additional 23,573 shares during the period. 78.01% of the stock is owned by hedge funds and other institutional investors.

First Citizens BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $1.95 per share. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.37%. This is an increase from First Citizens BancShares’s previous quarterly dividend of $1.64. The ex-dividend date was Friday, November 29th. First Citizens BancShares’s dividend payout ratio (DPR) 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.