Where First Citizens BancShares Stands With Analysts

During the last three months, 10 analysts shared their evaluations of First Citizens BancShares FCNCA, revealing diverse outlooks from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

In the assessment of 12-month price targets, analysts unveil insights for First Citizens BancShares, presenting an average target of $2520.2, a high estimate of $2700.00, and a low estimate of $2250.00. This upward trend is apparent, with the current average reflecting a 10.39% increase from the previous average price target of $2283.00.

Diving into Analyst Ratings: An In-Depth Exploration

In examining recent analyst actions, we gain insights into how financial experts perceive First Citizens BancShares. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to First Citizens BancShares. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of First Citizens BancShares compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of First Citizens BancShares's stock. This comparison reveals trends in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into First Citizens BancShares's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on First Citizens BancShares analyst ratings.

Get to Know First Citizens BancShares Better

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.

Unraveling the Financial Story of First Citizens BancShares

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Revenue Challenges: First Citizens BancShares's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -5.5%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.

Net Margin: First Citizens BancShares's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 25.56% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): First Citizens BancShares's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.87%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.28%, the company showcases effective utilization of assets.

Debt Management: First Citizens BancShares's debt-to-equity ratio surpasses industry norms, standing at 1.69. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

The Significance of Analyst Ratings Explained

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.