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Wall Street JournalAnalyst Expectations For First Citizens BancShares's Future
In the last three months, 9 analysts have published ratings on First Citizens BancShares (NASDAQ:FCNCA), offering a diverse range of perspectives 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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 3 | 0 | 0 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $2456.78, along with a high estimate of $2700.00 and a low estimate of $2250.00. Witnessing a positive shift, the current average has risen by 4.81% from the previous average price target of $2344.14.
Deciphering Analyst Ratings: An In-Depth Analysis
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Stephen Scouten | Piper Sandler | Maintains | Overweight | $2250.00 | $2250.00 |
| Brian Foran | Truist Securities | Raises | Hold | $2384.00 | $2303.00 |
| Jason Goldberg | Barclays | Raises | Equal-Weight | $2568.00 | $2456.00 |
| Stephen Scouten | Piper Sandler | Raises | Neutral | $2250.00 | $2100.00 |
| Christopher Mcgratty | Keefe, Bruyette & Woods | Raises | Outperform | $2600.00 | $2500.00 |
| Anthony Elian | JP Morgan | Raises | Overweight | $2600.00 | $2550.00 |
| Brian Foran | Truist Securities | Announces | Hold | $2303.00 | - |
| Jason Goldberg | Barclays | Raises | Equal-Weight | $2456.00 | $2250.00 |
| Nicholas Holowko | UBS | Announces | Buy | $2700.00 | - |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of First Citizens BancShares compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for First Citizens BancShares's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of First Citizens BancShares's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on First Citizens BancShares analyst ratings.
All You Need to Know About First Citizens BancShares
First Citizens BancShares Inc is the bank holding company of First Citizens Bank and Trust Company. The company's segments include the General Bank, the Commercial Bank, SVB Commercial, and Rail. The General Bank segment delivers products and services to consumers and businesses through our extensive network of branches and various digital channels. The Commercial Bank segment provides financial services, including lending, leasing, and advisory, to small and mid-market businesses across various industries. The SVB Commercial provides financial services to innovators, investors, and venture firms. The Rail segment provides tailored leasing and financing for railcars and locomotives across North America. It generates the majority of its revenue from the General Banking segment.
First Citizens BancShares: Delving into Financials
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining First Citizens BancShares's financials over 3 months reveals challenges. As of 31 December, 2024, the company experienced a decline of approximately -5.44% 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 28.58%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): First Citizens BancShares's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.16% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): First Citizens BancShares's ROA stands out, surpassing industry averages. With an impressive ROA of 0.31%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: First Citizens BancShares's debt-to-equity ratio surpasses industry norms, standing at 1.74. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.