First Citizens BancShares (FCNCA) Declares $2.10 Quarterly Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Declaration: First Citizens BancShares has declared a quarterly dividend of $2.10 per share, consistent with previous payouts, indicating the company's stable cash flow and profitability, which enhances investor confidence.
- Payment Schedule: The dividend will be payable on March 16, with a record date of February 27 and an ex-dividend date also on February 27, ensuring shareholders receive timely returns and further solidifying shareholder loyalty.
- Dividend Growth Trend: The consistent dividend payments reflect First Citizens BancShares' ongoing profitability and robust financial health, which is expected to attract more investors seeking stable returns and increase market interest in its stock.
- Investor Attention: With the dividend announcement, market attention on First Citizens BancShares is rising, and investors can further assess the company's financial health through its dividend scorecard and earnings chart.
Analyst Views on FCNCA
Wall Street analysts forecast FCNCA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCNCA is 2270 USD with a low forecast of 2000 USD and a high forecast of 2500 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
4 Buy
4 Hold
0 Sell
Moderate Buy
Current: 2203.530
Low
2000
Averages
2270
High
2500
Current: 2203.530
Low
2000
Averages
2270
High
2500
About FCNCA
First Citizens BancShares, Inc. is the financial holding company for First-Citizens Bank & Trust Company (First Citizens Bank). The Company’s General Bank segment delivers products and services to consumers and businesses through its network of branches and various digital channels. It offers a full suite of deposit products, loans, cash management, private banking and wealth management, payment services, and treasury services. The Commercial Bank segment provides a range of lending, leasing, capital markets, asset management, and other financial and advisory services, primarily to small and middle market companies. The SVB Commercial segment offers products and services to commercial clients and investors across stages, sectors and regions in the innovation ecosystem, as well as private equity and venture capital firms. The Rail segment offers customized leasing and financing solutions on a fleet of railcars and locomotives to railroads and shippers throughout North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
