Prudential PLC Lowers Stock Position in First Citizens BancShares, Inc. $FCNCA

Posted by Geri Gentry on Jun 9th, 2026

Prudential PLC lowered its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA – Free Report) by 70.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 325 shares of the bank’s stock after selling 783 shares during the period. Prudential PLC’s holdings in First Citizens BancShares were worth $698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FCNCA. Northwestern Mutual Wealth Management Co. lifted its position in First Citizens BancShares by 117,518.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 205,833 shares of the bank’s stock valued at $441,755,000 after buying an additional 205,658 shares during the period. Norges Bank purchased a new position in First Citizens BancShares during the fourth quarter valued at $116,565,000. Orion Porfolio Solutions LLC lifted its position in First Citizens BancShares by 2,057.4% during the second quarter. Orion Porfolio Solutions LLC now owns 47,506 shares of the bank’s stock valued at $92,944,000 after buying an additional 45,304 shares during the period. M&T Bank Corp lifted its position in First Citizens BancShares by 13,512.7% during the fourth quarter. M&T Bank Corp now owns 38,524 shares of the bank’s stock valued at $82,679,000 after buying an additional 38,241 shares during the period. Finally, UBS Group AG lifted its position in First Citizens BancShares by 96.7% during the fourth quarter. UBS Group AG now owns 69,551 shares of the bank’s stock valued at $149,269,000 after buying an additional 34,184 shares during the period. Hedge funds and other institutional investors own 78.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FCNCA shares. JPMorgan Chase & Co. lowered their price objective on First Citizens BancShares from $2,200.00 to $2,150.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Keefe, Bruyette & Woods lowered their price objective on First Citizens BancShares from $2,375.00 to $2,300.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. TD Cowen lowered their price objective on First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Wall Street Zen upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Weiss Ratings downgraded First Citizens BancShares from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2,215.91.

Check Out Our Latest Report on FCNCA

Insider Buying and Selling

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. acquired 528 shares of First Citizens BancShares stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $1,813.37 per share, for a total transaction 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 represents a 0.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders bought 7,437 shares of company stock valued at $12,956,718. 14.63% of the stock is currently owned by company insiders.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCA opened at $2,074.25 on Tuesday. First Citizens BancShares, Inc. has a 1-year low of $1,623.76 and a 1-year high of $2,232.21. 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 business has a fifty day moving average price of $1,968.93 and a 200-day moving average price of $2,001.80. The company has a market capitalization of $24.04 billion, a PE ratio of 11.93, a PEG ratio of 1.58 and a beta of 0.62.

First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $44.86 earnings per share for the quarter, beating the consensus estimate of $43.31 by $1.55. First Citizens BancShares had a return on equity of 11.48% and a net margin of 15.62%.The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the company earned $37.79 earnings per share. As a group, equities analysts expect that First Citizens BancShares, Inc. will post 177.84 EPS for the current fiscal year.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $2.10 per share. The ex-dividend date is Friday, May 29th. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.83%.

About First Citizens BancShares

(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.

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.