Independent Financial Group LLC Takes $528,000 Position in First Citizens BancShares, Inc. $FCNCA

Independent Financial Group LLC bought a new stake in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 280 shares of the bank’s stock, valued at approximately $528,000.

Several other institutional investors also recently bought and sold shares of FCNCA. Hiddenite Capital Partners LP bought a new stake in shares of First Citizens BancShares during the 4th quarter worth approximately $6,868,000. Check Capital Management Inc. CA grew its stake in shares of First Citizens BancShares by 21.0% in the fourth quarter. Check Capital Management Inc. CA now owns 42,788 shares of the bank’s stock valued at $91,831,000 after buying an additional 7,424 shares in the last quarter. Barr E S & Co. increased its holdings in First Citizens BancShares by 33.2% during the fourth quarter. Barr E S & Co. now owns 5,995 shares of the bank’s stock worth $12,866,000 after buying an additional 1,495 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in First Citizens BancShares by 122.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,440 shares of the bank’s stock worth $5,237,000 after buying an additional 1,342 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in First Citizens BancShares by 181.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,438 shares of the bank’s stock worth $3,087,000 after acquiring an additional 927 shares in the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Frank B. Holding, Jr. acquired 5,940 shares of the stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $1,726.82 per share, for a total transaction of $10,257,310.80. Following the transaction, the chief executive officer directly owned 38,111 shares of the company’s stock, valued at approximately $65,810,837.02. This represents a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders acquired 7,190 shares of company stock valued at $12,573,868. Corporate insiders own 14.63% of the company’s stock.

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 …

Wall Street Analyst Weigh In

A number of analysts have commented on FCNCA shares. TD Cowen cut their price target on shares of 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. upped their target price on shares of First Citizens BancShares from $2,150.00 to $2,350.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Zacks Research raised shares of First Citizens BancShares from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $2,300.00 target price on shares of First Citizens BancShares in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group lifted their price target on First Citizens BancShares from $2,100.00 to $2,340.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, First Citizens BancShares presently has an average rating of “Hold” and an average price target of $2,251.15.

First Citizens BancShares Trading Up 6.5%

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

First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Thursday, July 23rd. The bank reported $57.09 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 the consensus estimate of $2.16 billion. First Citizens BancShares had a return on equity of 11.48% and a net margin of 15.62%. As a group, analysts predict that First Citizens BancShares, Inc. will post 177.18 earnings per share for the current year.

First Citizens BancShares Announces Dividend

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

First Citizens BancShares Company Profile

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.