First Citizens BancShares (FCNCA)

• Market cap: $30.1B
• 1 day: 1.18%
• 5 days: 1.09%
• 1 month: -8.03%
• 3 months: 15.94%
• 6 months: 31.20%
• Year to date: 49.63%
• 1 year: 49.07%
• 5 years: 300.01%
• 10 years: 745.23%
• 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)

14% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 65

11% more call options, than puts

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

2% more funds holding

Funds holding: 564 [Q2] → 573 (+9) [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

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

• Low target: $2,000 7% downside
• Avg. target: $2,454 14% upside
• High target: $2,700 25% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

UBS Nicholas Holowko 13% 1-year accuracy 1 / 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	21% upside $2,600	Buy Initiated	9 Dec 2024
Keefe, Bruyette & Woods Christopher Mcgratty 72% 1-year accuracy 13 / 18 met price target	16% upside $2,500	Market Perform Downgraded	4 Dec 2024
Goldman Sachs Ryan Nash 50% 1-year accuracy 14 / 28 met price target	22% upside $2,625	Buy Maintained	26 Nov 2024
JP Morgan Anthony Elian 50% 1-year accuracy 3 / 6 met price target	7% upside $2,300	Overweight Maintained	25 Oct 2024