First Citizens BancShares (FCNCA) Set to Announce Earnings on Thursday

First Citizens BancShares (NASDAQ:FCNCA) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect First Citizens BancShares to post earnings of $43.51 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data on Friday, January 26th. The bank reported $46.58 EPS for the quarter, missing analysts’ consensus estimates of $48.49 by ($1.91). First Citizens BancShares had a return on equity of 13.52% and a net margin of 51.04%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.36 billion. On average, analysts expect First Citizens BancShares to post $177 EPS for the current fiscal year and $195 EPS for the next fiscal year.

First Citizens BancShares Stock Down 0.0 %

FCNCA opened at $1,622.72 on Wednesday. First Citizens BancShares has a fifty-two week low of $945.32 and a fifty-two week high of $1,652.04. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $23.56 billion, a P/E ratio of 2.07 and a beta of 0.89. The stock has a fifty day moving average of $1,566.98 and a 200-day moving average of $1,472.16.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group increased their target price on shares of First Citizens BancShares from $1,644.00 to $1,754.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Barclays assumed coverage on shares of First Citizens BancShares in a report on Thursday, April 11th. They issued an “equal weight” rating and a $1,850.00 target price for the company. StockNews.com cut shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. The Goldman Sachs Group assumed coverage on shares of First Citizens BancShares in a report on Thursday, March 21st. They issued a “buy” rating and a $1,950.00 target price for the company. Finally, DA Davidson reissued a “neutral” rating and issued a $1,650.00 target price (up previously from $1,600.00) on shares of First Citizens BancShares in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,768.63.

Insider Buying and Selling at First Citizens BancShares

In other news, Director Ellen R. Alemany sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $1,559.09, for a total value of $935,454.00. Following the transaction, the director now owns 4,842 shares in the company, valued at approximately $7,549,113.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Ellen R. Alemany sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $1,559.09, for a total value of $935,454.00. Following the transaction, the director now owns 4,842 shares in the company, valued at $7,549,113.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hope Holding Bryant acquired 300 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of $1,315.00 per share, for a total transaction of $394,500.00. Following the purchase, the insider now owns 1,978 shares of the company’s stock, valued at approximately $2,601,070. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,388 shares of company stock worth $1,825,220. Insiders own 12.85% 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.