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

First Citizens BancShares, Inc. (NASDAQ:FCNCA) – Equities research analysts at DA Davidson lowered their FY2025 earnings estimates for shares of First Citizens BancShares in a research report issued to clients and investors on Thursday, November 21st. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $160.50 per share for the year, down from their prior forecast of $180.85. The consensus estimate for First Citizens BancShares’ current full-year earnings is $187.88 per share.

Several other research analysts also recently commented on the company. StockNews.com raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. 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 shares of 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. Finally, Barclays raised their price objective on shares of First Citizens BancShares from $1,950.00 to $2,250.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, First Citizens BancShares has an average rating of “Moderate Buy” and an average target price of $2,025.90.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCA opened at $2,341.02 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $32.75 billion, a PE ratio of 13.41 and a beta of 0.80. The firm’s 50 day moving average price is $2,016.00 and its 200-day moving average price is $1,893.32. First Citizens BancShares has a twelve month low of $1,363.97 and a twelve month high of $2,388.78.

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

First Citizens BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $1.95 per share. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from First Citizens BancShares’s previous quarterly dividend of $1.64. This represents a $7.80 dividend on an annualized basis and a yield of 0.33%. First Citizens BancShares’s payout ratio is currently 3.76%.

Institutional Trading of First Citizens BancShares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCNCA. LRI Investments LLC purchased a new stake in shares of First Citizens BancShares during the first quarter worth approximately $33,000. V Square Quantitative Management LLC purchased a new stake in shares of First Citizens BancShares during the second quarter worth $35,000. Brooklyn Investment Group acquired a new stake in shares of First Citizens BancShares in the third quarter valued at about $39,000. Gradient Investments LLC purchased a new position in shares of First Citizens BancShares in the second quarter worth about $52,000. Finally, Blue Trust Inc. boosted its position in First Citizens BancShares by 120.0% during the second quarter. Blue Trust Inc. now owns 66 shares of the bank’s stock worth $108,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 61.18% 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.