First Citizens BancShares (FCNCA) to Release Quarterly Earnings on Friday

First Citizens BancShares (NASDAQ:FCNCAGet Free Report) is projected to announce its earnings results before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $39.32 per share and revenue of $2,258,180.00 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

First Citizens BancShares (NASDAQ:FCNCAGet Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $45.87 EPS for the quarter, missing the consensus estimate of $47.40 by ($1.53). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.36 billion. First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. During the same period last year, the company earned $55.92 earnings per share. On average, analysts expect First Citizens BancShares to post $187 EPS for the current fiscal year and $161 EPS for the next fiscal year.

First Citizens BancShares Stock Up 0.2 %

NASDAQ FCNCA opened at $2,156.01 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.08 and a current ratio of 1.08. First Citizens BancShares has a 52 week low of $1,363.97 and a 52 week high of $2,388.78. The stock has a market capitalization of $30.16 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.86. The stock has a fifty day moving average of $2,167.03 and a 200-day moving average of $2,012.73.

First Citizens BancShares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $1.95 per share. This is a boost from First Citizens BancShares’s previous quarterly dividend of $1.64. This represents a $7.80 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, November 29th. First Citizens BancShares’s payout ratio is currently 4.47%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Truist Financial began coverage on First Citizens BancShares in a research note on Tuesday, January 7th. They issued a “hold” rating and a $2,303.00 price target on the stock. The Goldman Sachs Group upped their price objective on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised shares of First Citizens BancShares from a “market perform” rating to an “outperform” rating and set a $2,500.00 price objective on the stock in a research note on Tuesday. Finally, Barclays lifted their target price on First Citizens BancShares from $2,250.00 to $2,456.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,290.75.

Read Our Latest Report on First Citizens BancShares

First Citizens BancShares Company Profile

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First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.

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Earnings History for First Citizens BancShares (NASDAQ:FCNCA)

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