First Citizens BancShares (FCNCA) Gets a Buy from KBW

In a report released on January 23, Christopher Mcgratty from KBW maintained a Buy rating on First Citizens BancShares, with a price target of $2,375.00. The company’s shares closed last Friday at $2,016.56.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Mcgratty covers the Financial sector, focusing on stocks such as Bank of America, JPMorgan Chase, and US Bancorp. According to TipRanks, Mcgratty has an average return of 13.8% and a 74.67% success rate on recommended stocks.

In addition to KBW, First Citizens BancShares also received a Buy from TipRanks – Google’s Google Banks – Regional in a report issued on January 23. However, today, Barclays maintained a Hold 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.