First Citizens BancShares (FCNCA) Gets a Hold from Barclays
In a report released today, Jason Goldberg from Barclays maintained a Hold rating on First Citizens BancShares, with a price target of $2,346.00.
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Goldberg covers the Financial sector, focusing on stocks such as JPMorgan Chase, First Citizens BancShares, and Huntington Bancshares. According to TipRanks, Goldberg has an average return of 13.7% and a 69.34% success rate on recommended stocks.
In addition to Barclays, First Citizens BancShares also received a Hold from Deutsche Bank ‘s Bernard von-Gizycki in a report issued on April 8. However, on April 9, KBW maintained a Buy rating on First Citizens BancShares (NASDAQ: FCNCA).
Based on First Citizens BancShares’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.66 billion and a net profit of $580 million. In comparison, last year the company earned a revenue of $3.69 billion and had a net profit of $700 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FCNCA in relation to earlier this year. Last month, Ralph Mattox III Snow, a Director at FCNCA bought 11.00 shares for a total of $21,386.42.
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