PNC Financial Services Group Inc. Has $1.99 Million Stake in First Citizens BancShares, Inc. $FCNCA

30 Jul 2026, 08:49 by Sarita Garza · The Markets Daily

PNC Financial Services Group Inc. trimmed its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA – Free Report) by 26.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,056 shares of the bank’s stock after selling 382 shares during the period. PNC Financial Services Group Inc.’s holdings in First Citizens BancShares were worth $1,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FCNCA. MBL Wealth LLC grew its holdings in First Citizens BancShares by 0.8% during the fourth quarter. MBL Wealth LLC now owns 622 shares of the bank’s stock valued at $1,335,000 after purchasing an additional 5 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of First Citizens BancShares by 21.7% during the 3rd quarter. Allworth Financial LP now owns 28 shares of the bank’s stock worth $51,000 after buying an additional 5 shares during the period. Venturi Wealth Management LLC grew its stake in First Citizens BancShares by 2.6% in the 1st quarter. Venturi Wealth Management LLC now owns 233 shares of the bank’s stock valued at $439,000 after buying an additional 6 shares during the last quarter. Corient Private Wealth LLC grew its stake in First Citizens BancShares by 0.6% in the 2nd quarter. Corient Private Wealth LLC now owns 1,049 shares of the bank’s stock valued at $2,051,000 after buying an additional 6 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in First Citizens BancShares by 3.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 242 shares of the bank’s stock worth $519,000 after acquiring an additional 7 shares during the period. 78.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 price target for the company. in a report on Wednesday, April 8th. Weiss Ratings raised First Citizens BancShares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. increased their target price on First Citizens BancShares from $2,350.00 to $2,450.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Barclays raised their target price on First Citizens BancShares from $2,346.00 to $2,376.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Fundamental Research set a $2,350.00 price target on First Citizens BancShares in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2,278.31.

Get Our Latest Report on FCNCA

First Citizens BancShares Stock Performance

NASDAQ:FCNCA opened at $2,171.89 on Thursday. The firm’s 50-day moving average is $2,077.41 and its 200-day moving average is $2,017.01. First Citizens BancShares, Inc. has a 52-week low of $1,623.76 and a 52-week high of $2,237.81. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.75 and a beta of 0.62.

First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $57.09 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $56.68. First Citizens BancShares had a net margin of 16.28% and a return on equity of 11.98%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.16 billion. Equities research analysts anticipate that First Citizens BancShares, Inc. will post 182.76 earnings per share for the current year.

First Citizens BancShares Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $8.40 annualized dividend and a yield of 0.4%. First Citizens BancShares’s dividend payout ratio is 4.49%.

Insider Activity at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. acquired 528 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $1,813.37 per share, with a total value of $957,459.36. Following the acquisition, the chief executive officer owned 64,100 shares of the company’s stock, valued at $116,237,017. This trade represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders purchased 7,190 shares of company stock valued at $12,573,868. 14.63% of the stock is currently owned by company insiders.

First Citizens BancShares Company Profile

(Free Report)

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.