First Citizens BancShares (FCNCA)

• Market cap: $30.3B
• 1 day: 1.18%
• 5 days: 3.94%
• 1 month: 1.97%
• 3 months: 6.84%
• 6 months: 21.94%
• Year to date: 2.98%
• 1 year: 56.94%
• 5 years: 312.26%
• 10 years: 869.62%
• 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)

32% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 56

14% more call options, than puts

Call options by funds: $227M | Put options by funds: $200M

2% more funds holding

Funds holding: 564 [Q2] → 574 (+10) [Q3]

4% more capital invested

Capital invested by funds: $15.7B [Q2] → $16.3B (+$574M) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 194 | Existing positions reduced: 205

3.08% less ownership

Funds ownership: 68.86% [Q2] → 65.78% (-3.08%) [Q3]

23% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $2,000 8% downside
• Avg. target: $2,473 14% upside
• High target: $2,700 25% upside

8 analyst ratings

• positive: 4 50%
• neutral: 4 50%
• negative: 0 0%

JP Morgan Anthony Elian 31% 1-year accuracy 4 / 13 met price target	20% upside $2,600	Overweight Maintained	7 Jan 2025
Truist Securities Brian Foran 0% 1-year accuracy 0 / 6 met price target	6% upside $2,303	Hold Initiated	7 Jan 2025
Barclays Jason Goldberg 59% 1-year accuracy 29 / 49 met price target	13% upside $2,456	Equal-Weight Maintained	6 Jan 2025
UBS Nicholas Holowko 25% 1-year accuracy 2 / 8 met price target	25% upside $2,700	Buy Assumed	17 Dec 2024
Deutsche Bank Bernard von-Gizycki 0% 1-year accuracy 0 / 2 met price target	20% upside $2,600	Buy Initiated	9 Dec 2024