Latest news with #FCNCA
Yahoo
29-05-2025
- Business
- Yahoo
DA Davidson Lowers Price Target on First Citizens BancShares, Keeps Neutral Rating
On May 29, DA Davidson lowered its price target for First Citizens BancShares, Inc. (NASDAQ:FCNCA) from $2,100 to $2,050 while keeping a Neutral rating. The change is due to expected declines in net interest income (NII) and net interest margin (NIM) despite strong loan and deposit growth. A business executive confidently presenting a financial research report to a boardroom. Kevin Fitzsimmons, an analyst at DA Davidson noted that First Citizens could see more balance sheet and fee growth if capital markets activity increases. They may benefit from high interest rates due to its asset sensitivity. However, lower expected earnings per share (EPS) signal challenges. The stock has dropped 1% compared to the KRX index since the last earnings report, down 6% year-to-date, but gained 39% in 2024. DA Davidson also adjusted expectations for the bank's share buyback program, now anticipating First Citizens will reach its CET1 capital ratio target (10.5%-11%) by Q1 2026, slightly later than previously expected. The Neutral rating signals caution due to potential rate cuts and economic uncertainties, which could limit further stock growth. First Citizens BancShares, Inc. is the parent company of First-Citizens Bank & Trust, offering banking services in the U.S. and internationally. It provides individuals, businesses, and professionals with checking, savings, and loan options. The bank offers loans for construction, businesses, mortgages, and personal needs, along with wealth management services, including investment advice, trust management, and insurance. It also provides leasing and financing solutions for railcars and locomotives. Customers can access services online, via mobile apps, or at branch locations. While we acknowledge the potential of First Citizens BancShares, Inc. (NASDAQ:FCNCA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FCNCA and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
30-04-2025
- Business
- Yahoo
First Citizens BancShares, Inc. (FCNCA): Among Large-Cap Stocks Insiders Were Buying in Q1 2025 Before Trump's Tariff Shockwave
We recently published a list of . In this article, we are going to take a look at where First Citizens BancShares, Inc. (NASDAQ:FCNCA) stands against other large-cap stocks insiders were buying in Q1 2025 before Trump's tariff shockwave. US stocks surged last week following President Trump's statement that he had 'no intention' of removing Federal Reserve Chair Jerome Powell, which helped alleviate concerns about the central bank's independence. Additionally, Trump took a more conciliatory stance on tariffs, suggesting that high import duties on China might eventually be reduced, writes Yahoo Finance. Amid tariff wars and market uncertainty, insider trading often draws attention. Insider stock purchases may signal executive confidence, while sales aren't necessarily negative—they could reflect personal or diversification choices. It's best to view insider trading in context with a company's financials and market conditions. Today, we're focusing on stocks that have seen heavy insider buying activity in the first quarter of the year. Using Insider Monkey's insider trading screener, we identified companies with market caps above $10 billion, where at least two insiders purchased shares in the past three months. From this list, we ranked the top 12 stocks with the highest value of insider purchases Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Market cap: $23.3 billion First Citizens BancShares, Inc. (NASDAQ:FCNCA), based in Raleigh, North Carolina, is the holding company for First-Citizens Bank & Trust. It offers retail and commercial banking services, wealth management, and financing solutions in the U.S. and internationally through various segments, including General Bank, Commercial Bank, and Silicon Valley Bank Commercial, available online and at branch locations. In March, two insiders, including the president and CEO, and the CFO of First Citizens BancShares, purchased approximately $856,467 worth of the company's shares at an average price of $1,521 per share. The company's CEO, Frank Holding, acquired 550 shares, accounting for $824,488 worth of the total purchases in March, and increasing his ownership to 5,018 shares. Year-to-date the stock dropped 16.14%, currently trading at $1,772.04 per share. However, over the past 12 months, First Citizens BancShares shares returned 8.08% to its investors. For the fourth quarter of 2024, First Citizens BancShares, Inc. (NASDAQ:FCNCA) reported a net income of $700 million, up from $639 million in the previous quarter. Net income available to common stockholders rose to $685 million, or $49.21 per share, compared to $624 million, or $43.42 per share, in the third quarter. As of December 31, 2024, loans and leases increased to $140.22 billion, driven by growth in the General Bank, Commercial Bank, and SVB Commercial segments. In a recent development, First Citizens Bank has invested $1 million in The Neighborhood Developers through an Equity Equivalent Investment (EQ2) to support their anti-displacement efforts. The funds will be managed by Opportunity Communities (OppCo) as part of the new OppCo Housing Accelerator Fund, which provides community developers with affordable financing for affordable housing production and preservation. First Citizens BancShares is also one of the 12 high growth non-tech stocks that are profitable in 2025. Overall, FCNCA ranks 5th on our list of large-cap stocks insiders were buying in Q1 2025 before Trump's tariff shockwave. While we acknowledge the potential of FCNCA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FCNCA but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
27-04-2025
- Business
- Yahoo
First Citizens BancShares, Inc. (FCNCA): Among Stocks with Consistent Growth to Buy Now
We recently published a list of . In this article, we are going to take a look at where First Citizens BancShares, Inc. (NASDAQ:FCNCA) stands against stocks with consistent growth to buy now. The market is clouded by friction between trading partners. But even at these uncertain times, one investment strategy remains remarkably consistent: betting on growth. Investors are consistently drawn toward companies that have demonstrated a solid long-term expansion in revenue and earnings. The mechanism behind this is simple: stocks with stable growth offer the potential for compounding returns over time in low-rate environments. Lately, however, the stocks have done more than just show potential. They are leading the market. READ ALSO: and . On April 22, 2025, the market indices surged by 2.5%, contributed by renewed confidence in the ability of high-growth equities to endure the market uncertainty. As per a report from CNBC, confidence emerged after the de-escalation of tensions in U.S. monetary policy. Recent political developments have detoured the market sentiment towards further interest rate cuts by the Federal Reserve. President Trump has backed off from his threats towards the Fed Chair Jerome Powell. However, he firmly believes that the Fed should be more aggressive in lowering interest rates. When this belief was put in words, an immediate surge was noticed in the equity index futures, suggesting the high sensitivity of the market policy cues, particularly when it comes to growth potential. Investors took the cue seriously, pricing in three interest rate cuts by the end of 2025. For growth-oriented companies, the lower borrowing costs can be favorable, specifically if they are in their early to mid-stages of expansion, since capital costs can be reduced and earnings multiples can be improved. Also, with inflationary pressures still in check and the global economic activity indicating resilience, the macroeconomic environment favors growth investing. It shows that the current climate supports equities positioned for sustained performance instead of short-term valuation plays. Not just today, but growth stocks have historically proven their worth in the market for over three decades. These stocks have surpassed their value counterparts in performance, even after considering the major downturns. During economic volatility or even political flux, investors seek clarity. And the provider of such clarity or edge is the growth equities. These companies often reinvest profits and innovate rapidly to achieve more market share. Though they may not always deliver dividends, they reward investors through capital appreciation. During the recovery phases, investors desire such appreciation, which comes in addition to the safety of the investment. As CNBC's recent coverage notes, recoveries are initiated in the form of bear market rallies, and the investors capable of identifying early movers in such cycles typically come out ahead. That said, selectivity is the key. Investors must understand that not all growth is created equal. Every rally does not signal a lasting trend. And it is here that our article gains its value. We have identified 11 stocks that have consistently delivered. It is not just the quarterly earnings or media buzz we focused on, but also the years of disciplined execution and strategic expansion. So, if you are looking for clarity amid the noise, you are in the right place. We followed a few criteria when compiling our list of 11 stocks with consistent growth that investors may want to buy. Primarily, we looked into the growth of each stock for the past five years. We did not include any stock with negative growth. Additionally, we narrowed our picks by selecting only those stocks that have been consistently growing throughout the past 5 years. This ensures that all our picks have solid historical data to support capital appreciation further into the future. Finally, we ranked our picks using the stocks' average growth rate in returns in the past five years. All the data used in this article were taken from financial news, databases, and analyst reports, with all information updated as of April 23, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A financial advisor and their client discussing the merits of wealth management services. A North Carolina-based company, First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a regional bank holding company offering consumer and commercial banking services across the United States. Their client base includes small to mid-sized businesses, individuals, and institutional clients. The company acquired Silicon Valley Bank's assets in March 2023, after which it expanded significantly in size and scope. Though the market is highly competitive, the company distinguishes itself from regional players through conservative credit practices and a focus on long-term relationship banking. FCNCA is among the best stocks with consistent growth. With a staggering 90.76% growth rate, First Citizens BancShares, Inc. (NASDAQ:FCNCA) ensures its presence among premier bank stocks with durable earnings expansion. Their last Q4 results exceeded expectations by reaching an EPS of $49.21 and a 23% year-over-year revenue increase. The company further demonstrated confidence in its financial performance and its commitment to creating shareholder value through repurchasing additional Class A common stock. For 2025, First Citizens BancShares, Inc. (NASDAQ:FCNCA) anticipates growth in loans and deposits between $144 and $147 billion and $162 and 167 billion, respectively, resulting in a net interest income between $6.6 and $7 billion. Insider Monkey database found 45 hedge funds holding positions and confirming high institutional confidence in First Citizens BancShares, Inc. (NASDAQ:FCNCA) at the end of Q4 2024, earning its place among our list of best stocks with consistent growth for investors to buy now. Overall, FCNCA ranks 6th on our list of stocks with consistent growth to buy now. While we acknowledge the potential of FCNCA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FCNCA but trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
First Citizens BancShares (FCNCA): Among the Aggressive Stocks Picked by Hedge Funds
We recently published a list of . In this article, we are going to take a look at where First Citizens BancShares, Inc. (NASDAQ:FCNCA) stands against other aggressive stocks picked by hedge funds. The broader market has dropped into correction territory, declining by over 10% from its peak in February and wiping $5 trillion in market value. Simultaneously, Reuters reported that the Nasdaq Composite is also undergoing a correction, reflecting a wider pullback in high-growth stocks. With unpredictable market trends, aggressive stock portfolios offer both positive and negative effects for growth investors. Investor confidence is highly dependent on trade pressures and inflation, with the Federal Reserve holding rates at 4.25-4.5% and predicting inflation to rise to 2.8%. Concurrently, trade tensions between the U.S. and China are worsening, while in India, the outflow of capital has surged. An estimated $29 billion of foreign investment has been pulled out of stocks in India since October. It is the biggest outflow in six months due to global investment volatility. History proves that these market corrections, while having repercussions, also create some opportunities. As mentioned in Reuters, since 1929, the broader market has gone through 56 corrections, but only 22 turned into bear markets. These dips typically last 115 days and fall by 13.8%, much less than the 35.6% drops in bear markets. Gold prices went up 13% in 2025, driven by investors looking for stability, and U.S. Treasury yields have fallen as demand for safe assets increases. However, aggressive investors know that market swings can be a good time to buy growth stocks poised for a comeback. For high-growth investors, it is challenging to maneuver this volatile market. Corrections of 7-10% are occurring more frequently now, yet major indices still find support, which indicates that market disruptions could be investment opportunities. Companies with strong market control, advantages in U.S.-based manufacturing, or innovative business models might be more efficient in these economic conditions. Similarly, sectors evolving through new tech, population shifts, or regulation shifts could offer significant gains for those staying poised in short-term ups and downs. Sector rotation is becoming crucial in these market shifts, as Reuters reported that the 'Magnificent Seven' tech giants are facing challenges. The major EV company has dropped 33%, and the group is down 17% on average since February. This has shifted investors' interest toward undervalued sectors with strong potential. Historically, aggressive stocks bounce back stronger after corrections as investors regain their risk appetite. Despite current disruptions, companies with solid base values, exposure to disruptive tech, and apt market strategies could see considerable gains as markets settle down. While uncertain market conditions persist, history shows that downturns often lead to significant recoveries. Investors who plan smartly during these shifts might see gains as money flows between markets and policies evolve. To compile our list of the Aggressive Stock Portfolio: 12 Stocks Picked by Hedge Funds, we began by screening stocks with a minimum of 20% revenue growth over the past three years and strong EPS performance. From this pool, we identified the top 12 stocks with the highest revenue growth and strong hedge fund interest. Finally, we ranked these stocks in ascending order based on hedge fund sentiment as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A financial advisor and their client discussing the merits of wealth management services. 3-Year Average Revenue Growth: 68.93% Number of Hedge Fund Holders: 45 First Citizens BancShares, Inc. (NASDAQ:FCNCA) is the parent company of First-Citizens Bank & Trust, which provides commercial and retail banking services. The company is well-known in commercial lending, small business banking, and wealth management. Furthermore, its Silicon Valley Bank (SVB) purchase has strengthened its position in tech and venture capital banking. This helped First Citizens grow its client base among startups and high-growth companies. First Citizens BancShares, Inc. (NASDAQ:FCNCA) posted robust results for Q4 ended December 31, 2024. The net income rose to $700 million from $639 million last quarter, with the net income for common stockholders at $685 million, or $49.21 per share. Adjusted net income was $643 million, slightly down from $675 million in Q3, due to acquisition costs and tax adjustments. However, deposits grew 9.6% to $155.23 billion, beating expectations, while loans increased by $1.5 billion, driven by commercial and business lending growth. First Citizens BancShares, Inc. (NASDAQ:FCNCA) has positioned itself strategically for shifting interest rates, with growth plans in key lending areas and ongoing investments in efficiency. For 2025, the company expects a net charge-off ratio of 35-45 basis points and is preparing for potential Federal Reserve cuts affecting interest income. Meanwhile, management aims to expand relationship management and launch another share buyback in H2 of 2025. Nevertheless, First Citizens BancShares, Inc. (NASDAQ:FCNCA) kept a net interest margin of 3.32% even with interest rate tensions. The SVB sector produced solid trends, with client funds increasing to $5.3 billion. The company also bought back 6.44% of shares, spending $963 million, thus establishing itself as one of the top picks in our stock portfolio, with strong revenue growth and high EPS. Overall, FCNCA ranks 9th on our list of aggressive stocks picked by hedge funds. While we acknowledge the potential of FCNCA, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FCNCA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
02-04-2025
- Business
- Yahoo
First Citizens BancShares, Inc. Announces Date of 2025 First Quarter Earnings Call
RALEIGH, N.C., April 2, 2025 /PRNewswire/ -- First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that it will report its financial results for the quarter ended March 31, 2025, before the U.S. financial markets open on Thursday, April 24, 2025. A conference call and webcast will be held to discuss BancShares' financial results at 9 a.m. Eastern time on the same day. The conference call and webcast may contain forward-looking statements and other material information. To pre-register for the call via webcast (recommended), please visit: After registering, a confirmation email will be sent with a calendar reminder attachment and webcast details. To join by telephone on the day of the call, please dial:North America: 1-833-470-1428All other locations: 1-929-526-1599Access code: 627829 The investor presentation, along with the link to the webcast, will be available on the company's website at prior to the call start time. After the event, a replay of the call will also be available on the website via webcast. About First Citizens BancShares, Inc. First Citizens BancShares, Inc. (NASDAQ: FCNCA), a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500TM, is the financial holding company for First-Citizens Bank & Trust Company ("First Citizens Bank"). Headquartered in Raleigh, N.C., First Citizens Bank has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of branches and offices nationwide; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; personalized service and resources to help grow and manage wealth; and a nationwide direct bank. Discover more at Contact: Deanna Hart Angela EnglishInvestor Relations Corporate Communications919-716-2137 803-931-1854 View original content to download multimedia: SOURCE First Citizens BancShares, Inc. Sign in to access your portfolio
