First Citizens BancShares (FCNCA)

• Market cap: $30.7B
• 1 day: -0.10%
• 5 days: -5.27%
• 1 month: 14.27%
• 3 months: 12.46%
• 6 months: 29.98%
• Year to date: 52.60%
• 1 year: 51.25%
• 5 years: 321.83%
• 10 years: 740.18%
• Sector: Financials
• Industry: State Commercial Banks

About: First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.

Employees: 16,021

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

11% more call options, than puts

Call options by funds: $238M | Put options by funds: $214M

11% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 66

1% more funds holding

Funds holding: 565 [Q2] → 572 (+7) [Q3]

3% more capital invested

Capital invested by funds: $15.2B [Q2] → $15.7B (+$496M) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 194 | Existing positions reduced: 205

3.23% less ownership

Funds ownership: 66.86% [Q2] → 63.63% (-3.23%) [Q3]

23% less funds holding in top 10

Funds holding in top 10: 22 [Q2] → 17 (-5) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2,000 9% downside
• Avg. target: $2,315 5% upside
• High target: $2,625 20% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

Keefe, Bruyette & Woods Christopher Mcgratty 89% 1-year accuracy 17 / 19 met price target	14% upside $2,500	Market Perform Downgraded	4 Dec 2024
Goldman Sachs Ryan Nash 64% 1-year accuracy 23 / 36 met price target	20% upside $2,625	Buy Maintained	26 Nov 2024
JP Morgan Anthony Elian 0% 1-year accuracy 0 / 3 met price target	5% upside $2,300	Overweight Maintained	25 Oct 2024
Wedbush David Chiaverini 85% 1-year accuracy 23 / 27 met price target	9% downside $2,000	Neutral Maintained	25 Oct 2024
Wedbush David Chiaverini 85% 1-year accuracy 23 / 27 met price target	2% downside $2,150	Neutral Downgraded	24 Sept 2024