River Road Asset Management LLC Has $118.90 Million Stock Holdings in First Citizens BancShares, Inc. $FCNCA

Posted by Geri Gentry on Jun 19th, 2026

River Road Asset Management LLC raised its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA – Free Report) by 574.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 55,402 shares of the bank’s stock after buying an additional 47,182 shares during the quarter. First Citizens BancShares makes up about 1.3% of River Road Asset Management LLC’s holdings, making the stock its 20th largest position. River Road Asset Management LLC’s holdings in First Citizens BancShares were worth $118,903,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $441,755,000 after acquiring an additional 205,658 shares in the last quarter. Norges Bank bought a new position in First Citizens BancShares in the 4th quarter valued at about $116,565,000. Orion Porfolio Solutions LLC boosted its stake in First Citizens BancShares by 2,057.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 47,506 shares of the bank’s stock valued at $92,944,000 after purchasing an additional 45,304 shares during the last quarter. M&T Bank Corp boosted its stake in First Citizens BancShares by 13,512.7% during the 4th quarter. M&T Bank Corp now owns 38,524 shares of the bank’s stock valued at $82,679,000 after purchasing an additional 38,241 shares during the last quarter. Finally, UBS Group AG increased its holdings in First Citizens BancShares by 96.7% during the 4th quarter. UBS Group AG now owns 69,551 shares of the bank’s stock worth $149,269,000 after purchasing an additional 34,184 shares in the last quarter. 78.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FCNCA. 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 note on Thursday, April 9th. Zacks Research raised First Citizens BancShares from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Piper Sandler set a $2,050.00 price target on First Citizens BancShares in a report on Friday, April 24th. JPMorgan Chase & Co. decreased their price target on First Citizens BancShares from $2,200.00 to $2,150.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, Citigroup reissued a “neutral” rating on shares of First Citizens BancShares in a research report on Friday, April 24th. One equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2,215.91.

View Our Latest Stock Report on First Citizens BancShares

First Citizens BancShares Trading Down 0.9%

Shares of FCNCA stock opened at $2,071.62 on Friday. First Citizens BancShares, Inc. has a 52-week low of $1,623.76 and a 52-week high of $2,232.21. 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 50-day simple moving average of $2,001.74 and a two-hundred day simple moving average of $2,014.84. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.61 and a beta of 0.62.

First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $44.86 EPS for the quarter, beating the consensus estimate of $43.31 by $1.55. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business posted $37.79 EPS. Research analysts anticipate that First Citizens BancShares, Inc. will post 175.61 EPS for the current fiscal year.

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $2.10 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio is currently 4.83%.

Insider Activity

In other First Citizens BancShares news, CEO Frank B. Holding, Jr. purchased 5,940 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of $1,726.82 per share, with a total value of $10,257,310.80. Following the completion of the transaction, the chief executive officer owned 38,111 shares of the company’s stock, valued at $65,810,837.02. The trade was a 18.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 7,190 shares of company stock valued at $12,573,868 over the last three months. Corporate insiders own 14.63% of the company’s stock.

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.

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.