Independent Financial Group LLC Makes New $528,000 Investment in First Citizens BancShares, Inc. $FCNCA

Independent Financial Group LLC acquired a new stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 280 shares of the bank’s stock, valued at approximately $528,000.

Other institutional investors have also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new stake in shares of First Citizens BancShares during the 4th quarter worth $26,000. Reflection Asset Management bought a new position in shares of First Citizens BancShares in the fourth quarter worth $45,000. Global Assets Advisory LLC acquired a new position in First Citizens BancShares in the first quarter valued at about $45,000. UMB Bank n.a. raised its stake in First Citizens BancShares by 50.0% in the fourth quarter. UMB Bank n.a. now owns 24 shares of the bank’s stock valued at $52,000 after purchasing an additional 8 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in First Citizens BancShares during the fourth quarter worth about $56,000. 78.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FCNCA shares. Wall Street Zen upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. JPMorgan Chase & Co. upped their price target on shares of First Citizens BancShares from $2,150.00 to $2,350.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Piper Sandler set a $2,050.00 price target on shares of First Citizens BancShares in a research report on Friday, April 24th. Fundamental Research set a $2,350.00 price objective on shares of First Citizens BancShares in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of First Citizens BancShares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2,251.15.

Insider Buying and Selling at First Citizens BancShares

In related news, CEO Frank B. Holding, Jr. bought 528 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $1,813.37 per share, with a total value of $957,459.36. Following the completion of the purchase, the chief executive officer owned 64,100 shares in the company, valued at $116,237,017. This represents a 0.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 7,190 shares of company stock worth $12,573,868 over the last quarter. Insiders own 14.63% of the company’s stock.

First Citizens BancShares Stock Up 6.5%

FCNCA stock opened at $2,212.77 on Friday. The stock has a market capitalization of $25.64 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.57 and a beta of 0.62. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.67. First Citizens BancShares, Inc. has a 12 month low of $1,623.76 and a 12 month high of $2,232.21. The firm has a 50-day moving average price of $2,059.46 and a 200-day moving average price of $2,017.36.

First Citizens BancShares (NASDAQ:FCNCA) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $57.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $56.68. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.16 billion. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. As a group, equities research analysts anticipate that First Citizens BancShares, Inc. will post 177.18 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $2.10 dividend. The ex-dividend date is Monday, August 31st. This represents a $8.40 dividend on an annualized basis and a yield of 0.4%. First Citizens BancShares’s dividend payout ratio (DPR) is currently 4.83%.

First Citizens BancShares News Summary

Here are the key news stories impacting First Citizens BancShares this week:

• Positive Sentiment: First Citizens BancShares reported second-quarter 2026 EPS of $57.09, significantly above analyst estimates, signaling stronger-than-expected profitability. First Citizens BancShares Reports Second Quarter 2026 Earnings
• Positive Sentiment: Revenue of $2.24 billion also came in ahead of expectations, reinforcing the view that underlying business performance was solid in the quarter. First Citizens BancShares (FCNCA) Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The board declared a quarterly dividend of $2.10 per share, which adds shareholder return support and may help investor sentiment. First Citizens BancShares Declares Dividends
• Neutral Sentiment: Analyst recap articles and earnings-call highlights mostly reiterate the strong quarter rather than adding new materially negative or positive catalysts. First Citizens BancShares Inc (FCNCA) Q2 2026 Earnings Call Highlights: Strong Performance Amid …

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.