First Citizens BancShares, Inc. $FCNCA Stock: Sumitomo Mitsui Trust Group Inc. Decreases Position

Posted by Francis Steltz on Nov 6th, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA – Free Report) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 16,654 shares of the bank’s stock after selling 297 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in First Citizens BancShares were worth $34,311,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FCNCA. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of First Citizens BancShares in the third quarter valued at $39,000. Vise Technologies Inc. acquired a new position in shares of First Citizens BancShares during the 3rd quarter worth $357,000. North Dakota State Investment Board raised its stake in shares of First Citizens BancShares by 89.2% during the 3rd quarter. North Dakota State Investment Board now owns 492 shares of the bank’s stock worth $1,014,000 after buying an additional 232 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of First Citizens BancShares by 10.0% in the 3rd quarter. North Star Investment Management Corp. now owns 66 shares of the bank’s stock worth $135,000 after buying an additional 6 shares in the last quarter. Finally, Peterson Wealth Services boosted its position in shares of First Citizens BancShares by 2.7% in the 3rd quarter. Peterson Wealth Services now owns 380 shares of the bank’s stock worth $782,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCA opened at $2,304.72 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.00 and a current ratio of 1.00. The business’s fifty day moving average price is $2,162.67 and its two-hundred day moving average price is $2,068.13. The stock has a market cap of $26.02 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. First Citizens BancShares, Inc. has a one year low of $1,759.27 and a one year high of $2,429.96.

First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) last released its quarterly earnings results on Friday, October 23rd. The bank reported $55.37 earnings per share for the quarter, topping analysts’ consensus estimates of $46.18 by $9.19. First Citizens BancShares had a return on equity of 12.49% and a net margin of 16.54%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.23 billion. On average, analysts forecast that First Citizens BancShares, Inc. will post 203.78 EPS for the current fiscal year.

First Citizens BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $2.25 per share. The ex-dividend date of this dividend is Monday, November 30th. This is an increase from First Citizens BancShares’s previous quarterly dividend of $2.10. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.4%. First Citizens BancShares’s dividend payout ratio is 4.30%.

First Citizens BancShares declared that its board has authorized a share repurchase plan on Friday, October 23rd that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the bank to buy up to 4.5% of its shares through open market purchases. Share repurchase plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FCNCA shares. Barclays increased their price objective on shares of First Citizens BancShares from $2,376.00 to $2,650.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. Citigroup restated a “neutral” rating on shares of First Citizens BancShares in a research report on Thursday, October 1st. Jefferies Financial Group restated a “hold” rating and set a $2,550.00 target price on shares of First Citizens BancShares in a research report on Friday, October 23rd. Keefe, Bruyette & Woods downgraded shares of First Citizens BancShares from an “outperform” rating to a “market perform” rating and set a $2,300.00 price target on the stock. in a report on Thursday, July 9th. Finally, Truist Financial increased their price target on shares of First Citizens BancShares from $2,323.00 to $2,470.00 and gave the company a “hold” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2,355.31.

View Our Latest Analysis on First Citizens BancShares

Insiders Place Their Bets

In related news, Director Diane Morais acquired 50 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of $2,168.11 per share, for a total transaction of $108,405.50. Following the transaction, the director owned 100 shares in the company, valued at $216,811. This trade represents a 100.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Olivia Britton Holding sold 7,000 shares of First Citizens BancShares stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $19.53, for a total value of $136,710.00. Following the sale, the insider owned 15,000 shares of the company’s stock, valued at approximately $292,950. This represents a 31.82% decrease in their position. The SEC filing for this sale provides additional information. 14.63% of the stock is owned by company insiders.

First Citizens BancShares Company Profile

(Free Report)

First Citizens BancShares, Inc is a bank holding company headquartered in Raleigh, North Carolina. Its principal subsidiary, First-Citizens Bank & Trust Company, provides banking and financial services to individuals, businesses, and institutions through a network of branches and digital banking channels.

The bank offers deposit accounts, consumer and residential lending, commercial and industrial loans, commercial real estate financing, equipment finance, treasury management, and payment services.