First Citizens BancShares (NASDAQ:FCNCA) Stock Unloaded Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA). In a filing disclosed on May 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in First Citizens BancShares stock on April 14th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/29/2026.
• Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 4/21/2026.
• Sold $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/15/2026.
• Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/14/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 3/31/2026.
• Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.
• Sold $15,001 – $50,000 in shares of Chubb (NYSE:CB) on 3/26/2026.
• Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 3/26/2026.
• Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 3/26/2026.
• Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 3/26/2026.

First Citizens BancShares Stock Performance

Shares of FCNCA opened at $1,990.51 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50-day moving average of $1,949.40 and a 200-day moving average of $1,992.23. The company has a market cap of $23.06 billion, a PE ratio of 11.45, a P/E/G ratio of 1.53 and a beta of 0.63. First Citizens BancShares, Inc. has a one year low of $1,623.76 and a one year high of $2,232.21.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Thursday, April 23rd. The bank reported $44.86 EPS for the quarter, beating the consensus estimate of $43.31 by $1.55. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.20 billion. First Citizens BancShares had a return on equity of 11.48% and a net margin of 15.62%.During the same period last year, the business posted $37.79 EPS. On average, equities research analysts predict that First Citizens BancShares, Inc. will post 177.84 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $2.10 dividend. The ex-dividend date is Friday, May 29th. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio (DPR) is currently 4.83%.

Hedge Funds Weigh In On First Citizens BancShares

A number of hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in First Citizens BancShares by 21.7% in the third quarter. Allworth Financial LP now owns 28 shares of the bank’s stock worth $51,000 after purchasing an additional 5 shares during the period. MBL Wealth LLC grew its holdings in First Citizens BancShares by 0.8% in the fourth quarter. MBL Wealth LLC now owns 622 shares of the bank’s stock worth $1,335,000 after purchasing an additional 5 shares during the period. Corient Private Wealth LLC grew its holdings in First Citizens BancShares by 0.6% in the second quarter. Corient Private Wealth LLC now owns 1,049 shares of the bank’s stock worth $2,051,000 after purchasing an additional 6 shares during the period. Fifth Third Bancorp grew its holdings in First Citizens BancShares by 40.0% in the third quarter. Fifth Third Bancorp now owns 21 shares of the bank’s stock worth $38,000 after purchasing an additional 6 shares during the period. Finally, Alteri Wealth LLC grew its holdings in First Citizens BancShares by 4.1% in the third quarter. Alteri Wealth LLC now owns 154 shares of the bank’s stock worth $276,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 78.01% of the company’s stock.

Insider Activity at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. sold 5,346 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,918.69, for a total transaction of $10,257,316.74. Following the sale, the chief executive officer owned 100,654 shares in the company, valued at $193,123,823.26. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 6,198 shares of company stock worth $10,661,547 in the last 90 days. Corporate insiders own 14.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FCNCA. TD Cowen reduced their target price on First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating for the company in a research note on Monday, April 27th. JPMorgan Chase & Co. reduced their target price on First Citizens BancShares from $2,200.00 to $2,150.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. UBS Group set a $2,325.00 target price on First Citizens BancShares in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft downgraded First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 target price for the company. in a research note on Wednesday, April 8th. Finally, Wall Street Zen upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Sunday, May 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2,215.91.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.