Barclays Sticks to Its Hold Rating for First Citizens BancShares (FCNCA)

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 Bank of America, Citigroup, and M&T Bank. According to TipRanks, Goldberg has an average return of 18.0% and a 69.43% success rate on recommended stocks.

In addition to Barclays, First Citizens BancShares also received a Hold from TipRanks – Anthropic’s Anthropic Banks – Regional in a report issued on January 24. However, on January 23, TipRanks – Anthropic reiterated a Buy rating on First Citizens BancShares (NASDAQ: FCNCA).

Based on First Citizens BancShares’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.69 billion and a net profit of $568 million. In comparison, last year the company earned a revenue of $3.78 billion and had a net profit of $639 million

Based on the recent corporate insider activity of 37 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.