TD Cowen Raises FCNCA Price Target to $2,730

On October 26, 2026, TD Cowen raised its price target for First Citizens BancShares, Inc. (FCNCA) to $2,730, up from $2,430. The firm maintained its Buy rating on the stock. This update reflects a notable change in TD Cowen's outlook for the company, as it sees potential for higher valuation.

The new target suggests that TD Cowen remains optimistic about First Citizens' performance, especially as the company operates in the financial services sector, providing retail and commercial banking services. The stock closed at $2,362.77 on the same day, and as of the same date, it was trading recently around $2,375.84, which is about 0.6% above the closing price.

FCNCA First Citizens BancShares, Inc.

$2,386.74 ▲ +10.90% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in First Citizens BancShares

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

First Citizens BancShares, Inc. Stock Up 8.2%

First Citizens BancShares shares have been performing well, trading recently at $2,375.84, which is above its 50-day moving average of $2,136.24 and its 200-day moving average of $2,058.19. However, the stock remains about 2.2% below its 52-week high of $2,429.96. The company has a market cap of approximately $26.83 billion and a price-to-earnings ratio of about 12.73, indicating its valuation relative to its earnings.

Recent Earnings

First Citizens BancShares reported trailing twelve-month revenue of $9.45 billion, with a net margin of 25.3% and a return on equity of 11.0%. The company is scheduled to announce its next earnings on January 22, 2027, which could provide further insights into its financial health.

Dividend

First Citizens BancShares pays an annual dividend of $8.40 per share, resulting in a yield of 0.35%. This reflects the company's commitment to returning value to its shareholders while maintaining a reasonable payout ratio of 4.4%.

Insider Buying and Selling at First Citizens BancShares, Inc.

Insider activity includes Director Ralph Mattox Snow III, who bought 11 shares at an average price of $1,944.22 on March 5, 2026, totaling about $21,386. Additionally, Diane E. Other insiders have sold shares, including CEO Frank Brown, who sold 5,346 shares on May 12, 2026, valued at about $10.26 million.

Analysts Set New Price Targets

On October 26, 2026, Citigroup maintained a Neutral rating for First Citizens BancShares, adjusting its price target from $2,300 to $2,500. In contrast, JP Morgan downgraded the stock to Underweight, setting a target of $2,200 on the same day. The consensus among analysts is mixed, with a mean price target of $2,355.77, which is slightly below the current trading price.

About First Citizens BancShares

First Citizens BancShares, Inc. is the holding company for First-Citizens Bank & Trust Company, which offers a range of banking services to individuals and businesses across the United States and internationally. The company operates through various segments, including retail banking, commercial banking, and rail services. The recent target increase from TD Cowen indicates confidence in its growth potential within the financial services sector.

Bottom Line

Investors will be watching for First Citizens BancShares' next earnings report on January 22, 2027, which could impact analyst ratings and price targets further. With TD Cowen's recent target increase, the stock's performance could be closely tied to upcoming market trends and financial results.