Systematic Financial Management LP Cuts Stake in First Citizens BancShares, Inc. $FCNCA

Systematic Financial Management LP lessened its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 4.8% during the 1st quarter, Holdings Channel reports. The firm owned 16,734 shares of the bank’s stock after selling 847 shares during the period. Systematic Financial Management LP’s holdings in First Citizens BancShares were worth $31,540,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in First Citizens BancShares by 117,518.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 205,833 shares of the bank’s stock worth $441,755,000 after purchasing an additional 205,658 shares during the period. Dimensional Fund Advisors LP grew its holdings in First Citizens BancShares by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 125,947 shares of the bank’s stock valued at $237,333,000 after buying an additional 1,886 shares in the last quarter. Morgan Stanley raised its position in shares of First Citizens BancShares by 31.8% during the fourth quarter. Morgan Stanley now owns 123,048 shares of the bank’s stock valued at $264,087,000 after buying an additional 29,681 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of First Citizens BancShares by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 122,317 shares of the bank’s stock valued at $262,514,000 after buying an additional 12,303 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of First Citizens BancShares by 20.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 91,876 shares of the bank’s stock worth $174,048,000 after buying an additional 15,788 shares in the last quarter. 78.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FCNCA. Deutsche Bank Aktiengesellschaft lowered shares of First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 target price for the company. in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $2,300.00 price target on shares of First Citizens BancShares in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of First Citizens BancShares from $2,150.00 to $2,350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Jefferies Financial Group reissued a “hold” rating and set a $2,300.00 price objective on shares of First Citizens BancShares in a report on Thursday. Finally, Fundamental Research set a $2,350.00 price objective on First Citizens BancShares in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, First Citizens BancShares currently has an average rating of “Hold” and an average target price of $2,251.15.

Insider Buying and Selling

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. acquired 5,940 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $1,726.82 per share, with a total value of $10,257,310.80. Following the purchase, the chief executive officer directly owned 38,111 shares of the company’s stock, valued at approximately $65,810,837.02. This represents a 18.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 7,190 shares of company stock worth $12,573,868 in the last three months. 14.63% of the stock is owned by company insiders.

First Citizens BancShares Stock Up 6.5%

Shares of FCNCA opened at $2,212.77 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.57 and a beta of 0.62. First Citizens BancShares, Inc. has a 1 year low of $1,623.76 and a 1 year high of $2,232.21. The business’s 50 day simple moving average is $2,059.46 and its 200-day simple moving average is $2,017.36.

First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Thursday, July 23rd. The bank reported $57.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $56.68. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. As a group, equities analysts expect that First Citizens BancShares, Inc. will post 177.18 earnings per share for the current fiscal year.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $2.10 per share. The ex-dividend date is Monday, August 31st. This represents a $8.40 annualized dividend and a yield of 0.4%. First Citizens BancShares’s dividend payout ratio (DPR) is 4.83%.

First Citizens BancShares News Roundup

Here are the key news stories impacting First Citizens BancShares this week:

• Positive Sentiment: First Citizens BancShares reported second-quarter 2026 EPS of $57.09, significantly above analyst estimates, signaling stronger-than-expected profitability. First Citizens BancShares Reports Second Quarter 2026 Earnings
• Positive Sentiment: Revenue of $2.24 billion also came in ahead of expectations, reinforcing the view that underlying business performance was solid in the quarter. First Citizens BancShares (FCNCA) Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The board declared a quarterly dividend of $2.10 per share, which adds shareholder return support and may help investor sentiment. First Citizens BancShares Declares Dividends
• Neutral Sentiment: Analyst recap articles and earnings-call highlights mostly reiterate the strong quarter rather than adding new materially negative or positive catalysts. First Citizens BancShares Inc (FCNCA) Q2 2026 Earnings Call Highlights: Strong Performance Amid …

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full?service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.