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

First Citizens BancShares (NASDAQ:FCNCA) is anticipated to issue its quarterly earnings data 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. Parties that are interested in participating in the company’s conference call can do so using this link.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings data on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing the consensus estimate of $47.40 by ($1.53). First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the company earned $55.92 EPS. On average, analysts expect First Citizens BancShares to post $188 EPS for the current fiscal year and $161 EPS for the next fiscal year.

First Citizens BancShares Stock Performance

Shares of FCNCA stock opened at $2,218.11 on Thursday. The company has a market cap of $31.03 billion, a P/E ratio of 12.71, a PEG ratio of 1.01 and a beta of 0.86. The business has a 50 day moving average of $2,169.63 and a two-hundred day moving average of $2,028.74. First Citizens BancShares has a 52 week low of $1,383.00 and a 52 week high of $2,388.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FCNCA. UBS Group started coverage on First Citizens BancShares in a research note on Tuesday, December 17th. They set a “buy” rating and a $2,700.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial initiated coverage on shares of First Citizens BancShares in a research note on Tuesday, January 7th. They set a “hold” rating and a $2,303.00 target price for the company. Wedbush dropped their price target on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods upgraded First Citizens BancShares from a “market perform” rating to an “outperform” rating and set a $2,500.00 price objective for the company in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, First Citizens BancShares currently has a consensus rating of “Moderate Buy” and an average target price of $2,290.75.

First Citizens BancShares Company Profile

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.