JP Morgan Cuts FCNCA Price Target to $2,200

By TradeTexts Research Desk Oct 26, 2026, 11:15 AM EDT

Key Points

As of October 26, 2026, First Citizens BancShares trades recently around $2,375.84, which is above both its 50-day and 200-day moving averages by 11.2% and 15.4%, respectively.
JP Morgan's $2,200 price target implies 7.40% downside from First Citizens BancShares, Inc.'s ($FCNCA) current $2,375.84 share price.
The average price target from analysts now stands at $2,355.77, with 13 analysts covering the stock.

Get First Citizens BancShares text alerts

We text you when insiders, Congress, analysts or big funds move on $FCNCA.

By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.

Not investment advice. TradeTexts is not a registered investment adviser, and this automated First Citizens BancShares, Inc. alert may contain errors. Disclosures

On October 26, 2026, JP Morgan downgraded First Citizens BancShares, Inc. (FCNCA) to an Underweight rating and set a new price target of $2,200. This change comes from a previous target of $2,300, indicating a shift in the firm's outlook on the stock.

JP Morgan's downgrade places the new target below the recent trading level, as First Citizens BancShares was recently trading around $2,375.84. This price is above both its 50-day and 200-day moving averages, suggesting some strength in the stock's performance. However, it remains about 2.2% below its 52-week high of $2,429.96.

FCNCA First Citizens BancShares, Inc.

$2,386.74 +10.90% year to date

Daily close · Oct 26, 2026

Analyst rating track record

JP Morgan vs. the S&P 500

YTD return -0.21% hypothetical

All-time return -0.21% S&P 500 +0.85%

vs. S&P 500 -1.06% behind the index

Hypothetical returns from JP Morgan's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in First Citizens BancShares

Several other institutional investors have been active in First Citizens BancShares. Harris Associates L.P. reduced its stake by 28,727 shares, now holding 919,347 shares worth about $2.19 billion. Dodge & Cox Inc. increased its position by 11,124 shares, bringing its total to 404,215 shares valued at approximately $963.4 million. Hotchkis & Wiley Capital Management, LLC added 22,130 shares, growing its holdings to 154,960 shares worth around $369.3 million. Coatue Management LLC maintained its position with 139,498 shares worth about $332.5 million.

First Citizens BancShares, Inc. Stock Up 8.2%

As of October 26, 2026, First Citizens BancShares trades at $2,375.84, which is about 0.9% above the mean analyst price target of $2,355.77. The stock is also 36.9% above its 52-week low of $1,735.03, indicating a solid performance over the past year.

12-month forecast

$FCNCA price target

First Citizens BancShares, Inc. daily closes and this analyst's $2,200 target. Not advice.

Recent Earnings

First Citizens BancShares reported trailing twelve-month revenue of approximately $9.45 billion, with an earnings per share (EPS) of $186.57. The company has a return on equity of 11.0% and a net margin of 25.3%. The next earnings report is expected on January 22, 2027.

Dividend

First Citizens BancShares pays an annual dividend of $8.40 per share, yielding about 0.35%. The company has a dividend payout ratio of 4.4%, indicating a sustainable dividend policy.

Insider Buying and Selling at First Citizens BancShares, Inc.

In recent insider activity, Director Ralph Mattox Snow III bought 11 shares at an average price of $1,944.22 on March 5, 2026, totaling about $21,386. Meanwhile, CEO Frank Brown Holding Jr. sold 5,346 shares on May 12, 2026, valued at approximately $10.26 million. Director Ellen R Alemany sold 2,520 shares on June 4, 2026, worth around $5.16 million, while Director Diane E Morais sold 50 shares on August 19, 2026, valued at about $108,405.

Analysts Set New Price Targets

On October 26, 2026, Barclays maintained its Equal-Weight rating with a price target of $2,650. Meanwhile, JP Morgan's downgrade to Underweight came with a new target of $2,200, down from $2,300. The average target from analysts is now $2,355.77 based on 13 opinions.

About First Citizens BancShares

First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company. It offers various retail and commercial banking services to individuals and businesses in the U.S. and internationally. The company is headquartered in Raleigh, NC, and has nearly 18,000 employees.

Bottom Line

Investors should watch for First Citizens BancShares' next earnings report on January 22, 2027, and keep an eye on further analyst ratings and institutional activity, especially after JP Morgan's recent downgrade.