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

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA). In a filing disclosed on March 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in First Citizens BancShares stock on February 5th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

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

• Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 2/13/2026.
• Sold $15,001 – $50,000 in shares of Alphabet (NASDAQ:GOOGL) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 1/29/2026.
• Sold $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 1/23/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/23/2026.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 1/23/2026.
• Sold $15,001 – $50,000 in shares of Markel Group (NYSE:MKL) on 1/23/2026.
• Sold $1,001 – $15,000 in shares of General Motors (NYSE:GM) on 1/7/2026.

First Citizens BancShares Trading Up 0.9%

FCNCA stock traded up $17.47 during midday trading on Wednesday, hitting $1,874.89. 120,718 shares of the company’s stock were exchanged, compared to its average volume of 109,495. First Citizens BancShares, Inc. has a one year low of $1,473.62 and a one year high of $2,232.21. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $22.39 billion, a PE ratio of 11.31 and a beta of 0.68. The stock’s fifty day moving average price is $1,991.83 and its 200-day moving average price is $1,944.45.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings results on Friday, January 23rd. The bank reported $51.27 EPS for the quarter, topping analysts’ consensus estimates of $44.24 by $7.03. First Citizens BancShares had a return on equity of 11.18% and a net margin of 15.21%.The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. Research analysts predict that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current fiscal year.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, February 27th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 5.07%.

Analyst Ratings Changes

Several brokerages have recently weighed in on FCNCA. UBS Group set a $2,325.00 price objective on shares of First Citizens BancShares in a research report on Wednesday, February 4th. Wall Street Zen raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research downgraded shares of First Citizens BancShares from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Citigroup reaffirmed a “buy” rating on shares of First Citizens BancShares in a research report on Monday, January 26th. Finally, Truist Financial increased their target price on First Citizens BancShares from $2,050.00 to $2,150.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, First Citizens BancShares currently has a consensus rating of “Moderate Buy” and an average target price of $2,238.27.

Hedge Funds Weigh In On First Citizens BancShares

Large investors have recently modified their holdings of the business. Hilton Head Capital Partners LLC purchased a new stake in shares of First Citizens BancShares in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in First Citizens BancShares in the 3rd quarter worth $27,000. UMB Bank n.a. raised its holdings in First Citizens BancShares by 100.0% in the 3rd quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock worth $29,000 after purchasing an additional 8 shares in the last quarter. Steph & Co. purchased a new stake in shares of First Citizens BancShares in the 3rd quarter worth about $32,000. Finally, Root Financial Partners LLC purchased a new stake in shares of First Citizens BancShares in the 3rd quarter worth about $32,000. Institutional investors own 78.01% of the company’s stock.

Insider Activity

In other news, CEO Frank B. Holding, Jr. bought 134 shares of First Citizens BancShares stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $1,550.00 per share, for a total transaction of $207,700.00. Following the acquisition, the chief executive officer owned 2,749 shares of the company’s stock, valued at approximately $4,260,950. The trade was a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 258 shares of company stock worth $404,236 in the last 90 days. 13.19% of the stock is owned by insiders.

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.