First Citizens BancShares (FCNCA) Expected to Announce Earnings on Friday

First Citizens BancShares (NASDAQ:FCNCA) is expected to be issuing 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 interested in listening to the company’s conference call can do so using this link.

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

First Citizens BancShares stock opened at $2,218.11 on Thursday. The stock has a fifty day moving average price of $2,169.63 and a 200 day moving average price 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 firm has a market capitalization of $31.03 billion, a P/E ratio of 12.71, a PEG ratio of 1.01 and a beta of 0.86. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FCNCA. UBS Group began coverage on shares of First Citizens BancShares in a research report on Tuesday, December 17th. They issued a “buy” rating and a $2,700.00 target price on the stock. JPMorgan Chase & Co. lifted their price target 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. Citigroup downgraded First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. Truist Financial assumed coverage on First Citizens BancShares in a report on Tuesday, January 7th. They issued a “hold” rating and a $2,303.00 target price on the stock. Finally, StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.