オプションチェーンは、First Citizens BancSharesの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、First Citizens BancSharesの市場センチメントを評価します。.

First Citizens BancShares (NASDAQ:FCNCA) 株価情報, オプションチェーン

First Citizens BancShares

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.

First Citizens BancShares, Inc. - Class A Common Stock

First Citizens BancShares Inc

STOCK MOVES UP OVER 4% ON DAY
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="696" height="829" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/06212242/Screen-Shot-2024-11-06-at-4.19.30-PM.png" alt="" class="wp-image-3023" style="width:auto;height:450px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/06212242/Screen-Shot-2024-11-06-at-4.19.30-PM.png 696w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/06212242/Screen-Shot-2024-11-06-at-4.19.30-PM-252x300.png 252w" sizes="(max-width: 696px) 100vw, 696px" /></figure>
First Citizens BancShares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:00 AM on November 6th, a significant trading signal occurred for First Citizens BancShares, Inc. as it demonstrated a Power Inflow at a price of $2171.52. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in FCNCA&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in FCNCA&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for FCNCA, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $2171.52. The returns on the High price ($2275.99) and Close price ($2266.39) after the Power Inflow were respectively 4.8% and 4.4%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
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FCNCA

Tradepulse Power Inflow Alert: First Citizens Bancshares Inc. Rises Over 100 Points After Signal

Regional bank stocks surged on Wednesday, marking their strongest one-day performance in four years as investors bet on a more favorable banking sector environment when Donald Trump returns <a href="https://www.benzinga.com/topic/donald-trump">to the White House.</a>
The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) — which tracks a basket of 147 small- and mid-cap U.S. banks — jumped 13.4%, posting its largest rally since November 2020. Back then, the announcement of the first COVID-19 vaccine sparked a broad market rebound.
In Wednesday's trading, regional banks outshined even the biggest U.S. banks. Financials were the top-performing sector in the S&amp;P 500, with the Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rising 6%. 
Yet regional banks saw an even greater lift, driven by expectations that Trump&#8217;s policies will uniquely benefit smaller, domestic-focused institutions.
The strength in regional banks also fueled a broader rally in small-cap stocks. The Russell 2000 index, which includes a significant portion of regional banks, surged 6% as investor optimism spread across smaller, U.S.-centric companies.
Regional banks are the most representative sector of the Russell 2000 index, which soared by 6% on Wednesday. 
<h4 class="wp-block-heading">Chart: Regional Banks Mark Best Day Since Covid-19 Vaccine Announcement </h4>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160718/image-65-1024x501.png" alt="" class="wp-image-633735" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160718/image-65-1024x501.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160718/image-65-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160718/image-65-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160718/image-65-1536x752.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160718/image-65.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">JPMorgan&#8217;s Elian Identifies 7 Tailwinds For Regional Banks</h3>
JPMorgan analyst Anthony Elian sees multiple factors that could fuel a strong performance for regional banks under Trump&#8217;s leadership.
&#8220;We view these results as being favorable for the regional bank sector tied to several tailwinds,&#8221; Elian wrote in a note on Wednesday. 
He highlighted seven main drivers:
<ol>
<li>Increased lending activity – A pro-business and onshoring agenda is expected to boost lending, potentially driving a revival in loan growth across the industry.</li>
<li>Lower corporate taxes – Trump&#8217;s anticipated tax cuts could enhance profitability for regional banks by reducing their tax burden.</li>
<li>Eased regulatory environment – According to Elian, &#8220;a second Trump administration would include an easier backdrop for regulation for the industry,&#8221; which could help banks reduce compliance costs and expand operations.</li>
<li>Uptick in M&amp;A activity – With a favorable regulatory climate, the sector could see an increase in mergers and acquisitions, a trend that was prevalent during Trump's first term and could benefit mid-sized banks seeking growth.</li>
<li>Attractive valuations – Elian noted that regional banks remain undervalued by historical standards, suggesting &#8220;there is still material upside on the table.&#8221;</li>
<li>Steep Treasury yield curve, Fed still in easing mode – With the Treasury yield curve in a steep pattern and the Federal Reserve to keep lowering rates, regional banks could benefit from improved net interest margins (NIMs) and net interest income (NII), boosting their earnings and profitability over time.</li>
<li>Underweight positioning – Elian highlighted that investors are still largely underweight on regional bank stocks, indicating room for increased demand as sentiment shifts.</li>
</ol>
JPMorgan&#8217;s Elian identified a few standout names in the regional banking space. Among his top picks are First Citizens BancShares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) and Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), both of which are well-positioned to take advantage of the expected uptrend in the sector.
<h3 class="wp-block-heading">Trump&#8217;s 2016 Win Offers Historical Context For Sector Rally</h3>
The market's optimism is further bolstered by historical precedent. Regional bank stocks were among the biggest early beneficiaries following Trump's 2016 election victory.
Between Nov. 9, 2016, and Jan. 10, 2017, the KRE ETF surged nearly 20%, significantly outperforming other sectors during that period.
<h4 class="wp-block-heading">Chart: Performance Of Regional Bank ETF (Nov. 9, 2016 &#8211; Jan. 10, 2017) </h4>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160352/image-64-1024x501.png" alt="" class="wp-image-633728" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160352/image-64-1024x501.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160352/image-64-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160352/image-64-768x376.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160352/image-64-1536x752.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06160352/image-64.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/11/41783357/how-did-s-p-500-sectors-perform-during-trumps-first-term-could-this-time-be-different">How Did S&amp;P 500 Sectors Perform During Trump&#8217;s First Term? Could This Time Be Different?</a></li>
</ul>
Image: Midjourney

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Regional Bank Stocks Notch Strongest Day In 4 Years: Why Analysts Expect 'Several Tailwinds' From Trump Policies

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) has outperformed the market over the past 10 years by 11.71% on an annualized basis producing an average annual return of 22.95%. Currently, First Citizens BancShares has a market capitalization of $27.53 billion. 
Buying $100 In FCNCA: If an investor had bought $100 of FCNCA stock 10 years ago, it would be worth $784.81 today based on a price of $1941.86 for FCNCA at the time of writing.
<h3>First Citizens BancShares's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730304017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

$100 Invested In First Citizens BancShares 10 Years Ago Would Be Worth This Much Today

Analysts' ratings for First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for First Citizens BancShares, presenting an average target of $2175.0, a high estimate of $2300.00, and a low estimate of $2000.00. Experiencing a 4.4% decline, the current average is now lower than the previous average price target of $2275.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1729875652_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive First Citizens BancShares. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Elian</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$2300.00</td>
<td>$2550.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2000.00</td>
<td>$2150.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2150.00</td>
<td>$2450.00</td>
</tr>
<tr>
<td>Jason Goldberg</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$2250.00</td>
<td>$1950.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of First Citizens BancShares compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for First Citizens BancShares's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into First Citizens BancShares's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FCNCA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on First Citizens BancShares analyst ratings.</a>
<h2>About First Citizens BancShares</h2>
First Citizens BancShares Inc is the bank holding company of First Citizens Bank &amp; 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.
<h3>Financial Insights: First Citizens BancShares</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: First Citizens BancShares's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -4.27%. 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 28.82%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): First Citizens BancShares's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.25%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): First Citizens BancShares's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: First Citizens BancShares's debt-to-equity ratio stands notably higher than the industry average, reaching 1.73. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Evaluating First Citizens BancShares: Insights From 4 Financial Analysts

JP Morgan analyst Anthony Elian maintains First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) with a Overweight and lowers the price target from $2550 to $2300.

Price Target

JP Morgan Maintains Overweight on First Citizens BancShares, Lowers Price Target to $2300

Wedbush analyst David Chiaverini maintains First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) with a Neutral and lowers the price target from $2150 to $2000.

Wedbush Maintains Neutral on First Citizens BancShares, Lowers Price Target to $2000

<h3>Gainers</h3>
<ul>
<li>Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) stock moved upwards by 8.4% to $104.06 during Thursday's regular session. The company's market cap stands at $2.5 billion. As per the press release, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) shares declined by 10.2% to $1870.36 during Thursday's regular session. The company's market cap stands at $27.0 billion. As per the press release, Q3 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GSHD

2 Financials Stocks Moving In Thursday's Intraday Session

First Citizens BancShares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results.

Earnings

Earnings Misses

First Citizens BancShares Q3 2024 Adj. EPS $45.87 Misses $47.40 Estimate

The U.S. regional <a href="https://www.benzinga.com/topic/banks">banking sector is showing resilience</a> as several mid- and small-cap banks delivered stronger-than-expected third-quarter earnings, according to JPMorgan analyst Anthony Elian.
In a note on the sector's third-quarter earnings season, Elian highlighted widespread earnings beats and favorable outlooks, suggesting that regional bank stocks have room for <a href="https://www.benzinga.com/topic/regional-banks">further upside into 2025. </a>
In addition to strong earnings reports, the Fed&#8217;s expected gradual rate cuts, the yield curve de-inverting, easing credit quality concerns, potential capital returns, and underweight positioning by investors all lead Elian to say he is &#8220;encouraged about the direction of regional banks.&#8221;
<h3 class="wp-block-heading">Earnings Beats Drive Outperformance</h3>
One week into the earnings season, seven regional banks in JPMorgan's coverage universe have reported results, with five of them beating core earnings-per-share (EPS) estimates. The primary driver behind these beats was stronger-than-expected net interest margins (NIM) and net interest income (NII).
As a result, regional bank stocks, represented by the SPDR Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), have outperformed the broader market, as gauged by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), so far this month.
&#8220;With more beats than misses and 4Q24 outlooks generally trending better than prior consensus expectations, regional banks are outperforming through earnings season so far,&#8221; Elian noted.
<h3 class="wp-block-heading">Banking Sector&#8217;s Third-Quarter Trends</h3>
Several fundamental trends emerged for U.S. banks during the quarter. 
Average deposits increased at a 7% annualized rate, while average loans grew by 2% annually. On a period-end basis, deposits rose at an even stronger 11% annualized pace, and loans increased by 3% annually. Importantly, NII expanded at a robust 12% annualized rate. 
Despite some concerns over office loans, credit quality remained stable overall, though a few banks reported increases in non-performing assets (NPAs) related to office loans.
<h3 class="wp-block-heading">Bullish Outlook For Fourth Quarter And Beyond</h3>
Looking ahead, the outlook for the fourth quarter remains largely positive. 
Many banks are guiding for modest growth across key metrics such as loan growth, NII, and fee income, while expense growth is expected to remain controlled. 
Despite near-term headwinds, most banks in Elian's coverage universe expressed optimism about the NII trajectory into 2025, particularly as the Federal Reserve is expected to reduce interest rates further.
With &#8220;the Fed continuing to reduce the funds rate, this outlook should be further supported by an eventual rebound in commercial loan demand across the industry,&#8221; Elian said.
<h3 class="wp-block-heading">Regional Banks&#8217; Valuation And Investment Outlook</h3>
Regional banks are still trading below historical valuations. JPMorgan&#8217;s coverage universe is currently priced at 1.3x 2025 estimated tangible book value (TBV), compared to the historical range of 1.8x to 2.0x.
This indicates substantial upside potential for a re-rating of the sector, particularly as investors remain underweight regional bank stocks. &#8220;Expect the sector to re-rate higher as investors recognize their improved financial health and earnings potential,&#8221; Elian noted.
Elian&#8217;s top picks for the sector include First Citizens BancShares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>), Western Alliance Bancorp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), and Pinnacle Financial Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>), all of which are well-positioned to capitalize on favorable market dynamics and potential earnings growth into 2025.
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41488744/mortgage-applications-fall-for-fourth-straight-week-as-high-rates-squeeze-homebuy">Mortgage Applications Fall For Fourth Straight Week As High Rates Squeeze Homebuyers</a></li>
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Image created using artificial intelligence via Midjourney.

Analyst Color

Macro Economic Events

Mid Cap

Small Cap

Econ #s

Economics

Federal Reserve

PNFP

3 Regional Bank Stock Picks From JPMorgan: Analyst 'Encouraged' After Solid Q3

First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) has outperformed the market over the past 5 years by 18.69% on an annualized basis producing an average annual return of 32.93%. Currently, First Citizens BancShares has a market capitalization of $29.68 billion. 
Buying $1000 In FCNCA: If an investor had bought $1000 of FCNCA stock 5 years ago, it would be worth $4,198.21 today based on a price of $2051.66 for FCNCA at the time of writing.
<h3>First Citizens BancShares's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729103445_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $4,200 Today

CARV

CZNB

FITB

FNWD

FULT

HBAN

HOOD

HSBC

NYCB

SCHW

TIGR

TROW

TRUP

UPST

Shares of banking and financial services stocks are trading higher following better-than-expected financial results from JPMorgan Chase and Wells Fargo.

First Citizens BancShares's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NYSE">FCNCA</a>) short percent of float has fallen 3.5% since its last report. The company recently reported that it has 222 thousand shares sold short, which is 1.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>First Citizens BancShares Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728504924_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for First Citizens BancShares has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing First Citizens BancShares's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, First Citizens BancShares's peer group average for short interest as a percentage of float is 1.11%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into First Citizens BancShares's Recent Short Interest

The third-quarter earnings season for U.S. banks will officially kick off this Friday, with major financial institutions like JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) set <a href="https://www.benzinga.com/news/earnings/24/10/41216873/us-banks-earnings-preview-soft-landing-hopes-interest-rate-cuts-key-catalysts-for-stocks">to report their results. </a>
The following Tuesday will see additional earnings releases from mega-cap players such as Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), as well as some regional banks.
<h3 class="wp-block-heading">Banking Sector Performance So Far In 2024</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="447" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09104754/image-66-1024x447.png" alt="" class="wp-image-587909" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09104754/image-66-1024x447.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09104754/image-66-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09104754/image-66-768x336.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09104754/image-66-1536x671.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09104754/image-66.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Chart:<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"> Benzinga Pro</a></figcaption></figure>
Thus far, in 2024, the banking sector has shown strong performance. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), which tracks major financial stocks, has risen 21% year-to-date, matching the performance of the broader market as represented by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
However, regional banks have lagged behind their larger counterparts. The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) is up just 6% year-to-date, though it has outperformed over the past three months. This recent rebound is largely due to falling inflation and increasing expectations of Federal Reserve interest rate cuts.
With earnings season approaching, the question on many investors&#8217; minds is whether large banks will maintain their positive performance gap over regional players or if recent market developments will impact their results and outlooks. 
Here&#8217;s what Wall Street analysts are saying ahead of the bank earnings season.
<h3 class="wp-block-heading">Analyst Expectations And Top Picks</h3>
<h4 class="wp-block-heading">RBC Capital Markets – Gerard Cassidy, co-head of global financials research</h4>
&#8220;We believe the set-up looks very good for banks over the next 12-18 months. We expect the Federal Reserve to cut short-term interest rates by 200-250 basis points over this period, and the finalization of the Basel III &#8216;endgame&#8217; proposal will allow banks to return excess capital through buybacks and dividends. We continue to recommend an overweight position in bank stocks.&#8221;
<ul>
<li>Top Picks (RBC holds earnings per share estimates for both above Street consensus for the third quarter)
<ul>
<li>Truist Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>)</li>
<li>KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>)</li>
</ul>
</li>
</ul>
<h4 class="wp-block-heading">JPMorgan Chase &amp; Co. – Anthony Elian, CFA</h4>
&#8220;As the Federal Reserve reduces rates, several industry headwinds could turn into tailwinds.&#8221; This includes:
<ol>
<li>Lower deposit costs, improving net interest margins (NIMs)</li>
<li>An uptick in commercial loan demand</li>
<li>Easing credit quality concerns, particularly for banks with commercial real estate (CRE) exposure</li>
<li>A resumption of buyback programs as reserves are released</li>
<li>Increased exit market and venture capital activity.</li>
</ol>
<ul>
<li>Top Picks:
<ul>
<li>First Citizens Bancshares Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NYSE">FCNCA</a>)</li>
<li>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>)</li>
<li>Pinnacle Financial Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>)</li>
</ul>
</li>
</ul>
<h4 class="wp-block-heading">Wedbush Securities – David J. Chiaverini, CFA</h4>
&#8220;We expect mixed trends for banks in Q3, with modest loan and deposit growth, stabilizing deposit mix shifts, and NIMs benefiting from fixed asset repricing. Some banks will be more positively positioned than others in this environment.&#8221;
<ul>
<li>Top Picks:
<ul>
<li>M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</li>
<li>Wintrust Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>)</li>
<li>Columbia Banking Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) Wedbush believes Columbia Banking Systems will benefit from a lower rate environment as it is liability-sensitive, unlike most banks that are asset-sensitive.</li>
</ul>
</li>
</ul>
<h4 class="wp-block-heading">Bank of America – Ebrahim H. Poonawala</h4>
&#8220;We favor regional banks over large money centers heading into Q3, given better net interest income (NII) defensibility and greater capital relief as mark-to-market losses on bond books decrease. Our top ideas going into Q3 earnings include a mix of regionals and larger financial institutions.&#8221;
<ul>
<li>Top Picks:
<ul>
<li>U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>)</li>
<li>Western Alliance Bancorporation </li>
<li>PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</li>
<li>Fifth Third Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NYSE">FITB</a>)</li>
<li>M&amp;T Bank Corp.</li>
<li>Truist Financial Corporation</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</li>
<li>Goldman Sachs Inc.</li>
<li>Bank of New York Mellon Corp.</li>
</ul>
</li>
</ul>
<h4 class="wp-block-heading">Goldman Sachs – Richard Ramsden</h4>
Goldman Sachs is particularly optimistic about Citigroup heading into Q3 earnings, citing the bank's progress toward its 2024 targets driven by strong fee growth, solid capital markets activity, and robust card volumes. 
Ramsden is above consensus on Citigroup's Q3 pre-provision net revenue (PPNR), largely due to expectations of higher fees and capital markets activity.
<ul>
<li>Top Pick:
<ul>
<li>Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</li>
</ul>
</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41249837/s-p-500-earnings-season-kicks-off-why-analysts-call-this-quarter-a-stock-pickers-paradise">S&amp;P 500 Earnings Season Kicks Off: Why Analysts Call This Quarter &#8216;A Stock Picker&#8217;s Paradise&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Large Cap

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WTFC

Banks Gear Up For Earnings Season: 15 Top Stock Picks Including Citigroup, Morgan Stanley, And Truist

HWBK

INBK

Shares of banking companies are trading higher amid overall market strength following strong September Unemployment Rate and Nonfarm Payrolls data. Also, the dockworkers struck a deal to suspend their strike after they reached a tentative agreement, easing concerns about its potential ramifications.

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares fell 14.37% last week after Citigroup downgraded the stock from <a href="https://www.benzinga.com/quote/smmt/analyst-ratings" target="_blank" rel="noreferrer noopener">Buy to Neutral</a> but raised its price target from $19 to $23.</li>
<li>MakeMyTrip Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) stock plummeted 12.46%.</li>
<li>Medpace Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) stock fell 9.37% after Jefferies downgraded the stock from Buy to Hold and <a href="https://www.benzinga.com/quote/medp/analyst-ratings" target="_blank" rel="noreferrer noopener">cut its price target from $415 to $345</a>.</li>
<li>Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) stock lost 8.94% last week after Leerink Partners <a href="https://www.benzinga.com/quote/regn/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded it</a> from Outperform to Market Perform and lowered its price target from $1,175 to $1,077.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) shares dived 8.74% after the company guided <a href="https://www.benzinga.com/pressreleases/24/09/b41024786/global-payments-shares-updated-strategy-and-medium-term-outlook-at-investor-conference" target="_blank" rel="noreferrer noopener">FY25 EPS growth below estimates</a>, and multiple firms downgraded the stock and<a href="https://www.benzinga.com/quote/gpn/analyst-ratings" target="_blank" rel="noreferrer noopener"> cut their respective price targets</a>.</li>
<li>Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock lost 8.39% last week. There was no company-specific news to justify the price loss.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares dipped 8.21% following a report indicating the company is being probed by the Department of Justice following an August short <a href="https://www.benzinga.com//node/41052423" target="_blank" rel="noreferrer noopener">report from</a><a href="https://www.benzinga.com//node/41052423" target="_blank" rel="noreferrer noopener"> Hindenburg Research</a>.</li>
<li>TechnipFMC plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) stock fell 6.10% amid reports suggesting Saudi Arabia may raise crude oil output.</li>
<li>First Citizens BancShares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) stock lost 6.09% last week after Wedbush analyst <a href="https://www.benzinga.com/quote/fcnca/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded the stock</a> from Outperform to Neutral and lowered the price target from $2,450 to $2,150.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) stock fell 5.93% from pressure following the DOJ&#8217;s Carahsoft investigation.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/41082440/chinese-stocks-dominate-jd-com-and-temu-parent-pdd-are-among-top-10-large-cap-gainers-last-week-se" target="_blank" rel="noreferrer noopener">Chinese Stocks Dominate &#8211; JD.com And Temu Parent PDD Are Among Top 10 Large Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Company

AFRM

KNTK

MEDP

MMYT

REGN

SMCI

SMMT

Regeneron Pharma, Super Micro Computer And Global Payments Are Among Top 10 Large Cap Losers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?

First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) has outperformed the market over the past 15 years by 6.03% on an annualized basis producing an average annual return of 18.17%. Currently, First Citizens BancShares has a market capitalization of $26.86 billion. 
Buying $1000 In FCNCA: If an investor had bought $1000 of FCNCA stock 15 years ago, it would be worth $12,183.14 today based on a price of $1856.96 for FCNCA at the time of writing.
<h3>First Citizens BancShares's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727373614_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In First Citizens BancShares 15 Years Ago Would Be Worth This Much Today

With earnings season winding down, Chris Ballard, managing director at Check Capital Management, shared his exclusive insights on the companies that have caught his attention for their stellar performance <a href="https://www.benzinga.com/earnings">and growth potential</a>.
Here are his top stock picks based on their latest earnings results:
<h1 class="wp-block-heading">Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</h1>
Alphabet continues to stand out in Ballard&#8217;s view, delivering impressive growth across key segments. 
&#8220;Search revenues were up 14%, with expanding margins, and YouTube Ads grew 13%, making it the most streamed TV service in the U.S.,&#8221; he noted. 
Google Cloud&#8217;s quarterly revenue milestone of $10 billion also adds to the tech giant's appeal. 
Despite the U.S. government's public scrutiny, Ballard emphasized Alphabet&#8217;s robust cash generation and clean balance sheet, making it a compelling choice for long-term investors.
<h1 class="wp-block-heading">First Citizens BancShares Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>)</h1>
Ballard also highlighted First Citizens BancShares as a notable performer. 
&#8220;It's one of the best banks in the nation, with returns on assets at 1.4% and return on equity at 14.1%,&#8221; he explained. 
What sets First Citizens apart is its ability to achieve these results with less risk, avoiding complex global trading and derivative transactions, noted Ballard. Their simple strategy of taking low-cost deposits and lending to safe borrowers has been the key to their success.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">Bank Stocks Hit Inflection Point After Fed&#8217;s 50 Basis Point Cut, Analyst Reveals Top Picks</a>
<h1 class="wp-block-heading">AerCap Holdings NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>)</h1>
In the aviation leasing space, Ballard praised AerCap for its strong results and raised guidance. 
&#8220;Gus Kelly's strategy of selling assets at a premium and buying back stock at a discount continues to drive value,&#8221; Ballard noted. AerCap's earnings have surged, boosting their per-share book value by 25% over the past year. Despite a 50% rise in the stock price, Ballard still sees it as attractively valued.
When asked about sector performance and reacting to negative earnings reports like FedEx's, Ballard emphasized a long-term approach. 
"We don't make knee-jerk reactions. If the issues are macroeconomic, we hold our position. FedEx has ambitious cost-cutting initiatives that will likely drive future growth."
For investors looking to capitalize on post-earnings moves, Ballard suggests focusing on companies with strong fundamentals and not being swayed by market noise.
Read Next: 
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<li><a href="https://www.benzinga.com/government/24/09/41028133/could-visa-rebound-like-alphabet-doj-lawsuit-weighs-on-stock-but-opportunity-looms">Could Visa Rebound Like Alphabet? DOJ Lawsuit Weighs On Stock, But Opportunity Looms</a></li>
</ul>
Photo: Shutterstock

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EXCLUSIVE: Alphabet, AerCap, First Citizens: Asset Manager's Trio Of Post-Earnings Bets

Analysts' ratings for First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for First Citizens BancShares, revealing an average target of $2212.5, a high estimate of $2300.00, and a low estimate of $2150.00. This current average has increased by 4.73% from the previous average price target of $2112.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1727179244_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of First Citizens BancShares's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2150.00</td>
<td>$2450.00</td>
</tr>
<tr>
<td>Jason Goldberg</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$2250.00</td>
<td>$1950.00</td>
</tr>
<tr>
<td>Stephen Scouten</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$2150.00</td>
<td>$1950.00</td>
</tr>
<tr>
<td>Christopher Mcgratty</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$2300.00</td>
<td>$2100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to First Citizens BancShares. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of First Citizens BancShares compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of First Citizens BancShares's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of First Citizens BancShares's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FCNCA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on First Citizens BancShares analyst ratings.</a>
<h2>Get to Know First Citizens BancShares Better</h2>
First Citizens BancShares Inc is the bank holding company of First Citizens Bank &amp; 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.
<h3>Unraveling the Financial Story of First Citizens BancShares</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining First Citizens BancShares's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -4.27% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: First Citizens BancShares's net margin excels beyond industry benchmarks, reaching 28.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): First Citizens BancShares's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.25%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.32%, the company showcases effective utilization of assets.
Debt Management: First Citizens BancShares's debt-to-equity ratio stands notably higher than the industry average, reaching 1.73. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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