First Citizens BancShares (NASDAQ:FCNCA) Shares Acquired Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA). In a filing disclosed on May 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in First Citizens BancShares stock on April 10th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Franklin Resources (NYSE:BEN) on 4/28/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/24/2025.
• Purchased $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Fortive (NYSE:FTV) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Canadian Pacific Kansas City (NYSE:CP) on 4/10/2025.
• Purchased $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 4/1/2025.
• Purchased $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/1/2025.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCA opened at $1,966.55 on Friday. The firm has a market capitalization of $26.70 billion, a PE ratio of 10.38, a PEG ratio of 0.94 and a beta of 0.64. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. First Citizens BancShares, Inc. has a 1-year low of $1,473.62 and a 1-year high of $2,412.93. The business’s 50 day moving average is $1,780.28 and its 200-day moving average is $2,008.55.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $37.79 earnings per share for the quarter, topping analysts’ consensus estimates of $37.72 by $0.07. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.22 billion. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. Sell-side analysts predict that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $1.95 dividend. The ex-dividend date is Friday, May 30th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.40%. First Citizens BancShares’s dividend payout ratio is currently 4.47%.

Insiders Place Their Bets

In other news, CFO Craig L. Nix acquired 17 shares of the company’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $1,881.13 per share, with a total value of $31,979.21. Following the acquisition, the chief financial officer now owns 1,141 shares of the company’s stock, valued at $2,146,369.33. This trade represents a 1.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank B. Holding, Jr. bought 350 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $1,610.00 per share, for a total transaction of $563,500.00. Following the completion of the transaction, the chief executive officer now owns 2,758 shares in the company, valued at approximately $4,440,380. This trade represents a 14.53% increase in their position. The disclosure for this purchase can be found here. Insiders own 13.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FCNCA. TD Cowen assumed coverage on shares of First Citizens BancShares in a research report on Thursday. They set a “buy” rating and a $2,400.00 target price on the stock. Truist Financial lifted their price objective on First Citizens BancShares from $2,303.00 to $2,384.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. The Goldman Sachs Group dropped their target price on First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. StockNews.com downgraded First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Finally, Piper Sandler upgraded First Citizens BancShares from a “neutral” rating to an “overweight” rating and set a $2,250.00 price target on the stock in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,336.58.

Hedge Funds Weigh In On First Citizens BancShares

A number of institutional investors and hedge funds have recently bought and sold shares of FCNCA. MassMutual Private Wealth & Trust FSB increased its stake in shares of First Citizens BancShares by 54.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 17 shares of the bank’s stock valued at $32,000 after buying an additional 6 shares in the last quarter. Financial Life Planners acquired a new position in First Citizens BancShares during the 4th quarter worth about $33,000. Hemington Wealth Management grew its holdings in First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock worth $33,000 after acquiring an additional 6 shares during the last quarter. SVB Wealth LLC bought a new stake in First Citizens BancShares during the 1st quarter worth about $35,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in First Citizens BancShares in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.