Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA). In a filing disclosed on May 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in First Citizens BancShares stock on April 14th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.
Representative Thomas H. Kean, Jr. also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/29/2026.
- Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 4/21/2026.
- Sold $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/15/2026.
- Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/14/2026.
- Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 3/31/2026.
- Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.
- Sold $15,001 – $50,000 in shares of Chubb (NYSE:CB) on 3/26/2026.
- Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 3/26/2026.
- Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 3/26/2026.
- Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 3/26/2026.
First Citizens BancShares Stock Down 0.9%
Shares of First Citizens BancShares stock traded down $18.52 during trading on Friday, reaching $1,990.51. 124,110 shares of the company traded hands, compared to its average volume of 53,525. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50 day moving average price of $1,949.40 and a 200-day moving average price of $1,992.23. First Citizens BancShares, Inc. has a 1-year low of $1,623.76 and a 1-year high of $2,232.21. The firm has a market capitalization of $23.06 billion, a PE ratio of 11.45, a P/E/G ratio of 1.53 and a beta of 0.63.
First Citizens BancShares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, May 29th. First Citizens BancShares’s payout ratio is presently 4.83%.
Analysts Set New Price Targets
Several research analysts have weighed in on FCNCA shares. JPMorgan Chase & Co. lowered their price objective on shares of First Citizens BancShares from $2,200.00 to $2,150.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Citigroup restated a “neutral” rating on shares of First Citizens BancShares in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft downgraded shares of First Citizens BancShares from a “buy” rating to a “hold” rating and set a $2,154.00 price objective on the stock. in a report on Wednesday, April 8th. TD Cowen lowered their price objective on shares of First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, UBS Group set a $2,325.00 target price on shares of First Citizens BancShares in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, First Citizens BancShares has an average rating of “Hold” and a consensus target price of $2,215.91.
Read Our Latest Report on FCNCA
Insiders Place Their Bets
In related news, CEO Frank B. Holding, Jr. purchased 5,940 shares of First Citizens BancShares stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $1,726.82 per share, for a total transaction of $10,257,310.80. Following the completion of the transaction, the chief executive officer owned 38,111 shares in the company, valued at $65,810,837.02. This represents a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 6,198 shares of company stock worth $10,661,547 in the last three months. 14.63% of the stock is currently owned by corporate insiders.
Institutional Trading of First Citizens BancShares
Several institutional investors and hedge funds have recently made changes to their positions in FCNCA. Hilton Head Capital Partners LLC purchased a new stake in shares of First Citizens BancShares in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new position in First Citizens BancShares during the third quarter valued at about $27,000. UMB Bank n.a. grew its position in First Citizens BancShares by 100.0% during the third quarter. UMB Bank n.a. now owns 16 shares of the bank’s stock valued at $29,000 after buying an additional 8 shares during the period. Root Financial Partners LLC bought a new position in First Citizens BancShares during the third quarter valued at about $32,000. Finally, Harbor Investment Advisory LLC grew its position in First Citizens BancShares by 150.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 15 shares of the bank’s stock valued at $32,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.
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.
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