First Citizens BancShares (FCNCA) to Release Quarterly Earnings on Thursday

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

First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Friday, January 26th. The bank reported $46.58 earnings per share (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 during the quarter, compared to analysts’ expectations 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 Up 3.5 %

FCNCA stock opened at $1,622.75 on Tuesday. First Citizens BancShares has a 12-month low of $945.32 and a 12-month high of $1,651.73. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.82. The company has a market cap of $23.56 billion, a price-to-earnings ratio of 2.07 and a beta of 0.89. The company has a 50 day moving average of $1,566.98 and a two-hundred day moving average of $1,472.16.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $1.64 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $6.56 dividend on an annualized basis and a yield of 0.40%. First Citizens BancShares’s payout ratio is 0.84%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FCNCA. Wedbush reiterated an “outperform” rating and issued a $1,800.00 target price on shares of First Citizens BancShares in a research report on Monday, January 29th. 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 research report on Tuesday, January 30th. DA Davidson restated a “neutral” rating and set a $1,650.00 price target (up previously from $1,600.00) on shares of First Citizens BancShares in a report on Monday, April 15th. The Goldman Sachs Group began coverage on shares of First Citizens BancShares in a report on Thursday, March 21st. They set a “buy” rating and a $1,950.00 price target on the stock. Finally, StockNews.com downgraded shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, First Citizens BancShares currently has an average rating of “Hold” and a consensus price target of $1,768.63.

Insider Buying and Selling

In other news, major shareholder Olivia Britton Holding bought 466 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average price of $1,315.00 per share, for a total transaction of $612,790.00. Following the acquisition, the insider now directly owns 121,694 shares of the company’s stock, valued at approximately $160,027,610. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Hope Holding Bryant bought 300 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average price of $1,315.00 per share, for a total transaction of $394,500.00. Following the acquisition, the insider now directly owns 1,978 shares of the company’s stock, valued at approximately $2,601,070. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Olivia Britton Holding bought 466 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $1,315.00 per share, for a total transaction of $612,790.00. Following the acquisition, the insider now directly owns 121,694 shares in the company, valued at $160,027,610. The disclosure for this purchase can be found here. Insiders have bought 1,388 shares of company stock worth $1,825,220 in the last quarter. 12.85% of the stock is currently owned by company insiders.

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.