Quick Summary
- Barclays has maintained its Equal-Weight recommendation for First Citizens BancShares, Inc. – Preferred Stock (NasdaqGS: FCNCO).
- The average one-year price target for FCNCO is $28.20, suggesting a potential upside of 24.51% from its recent closing price.
- The projected annual non-GAAP EPS stands at 174.69.
- Fund sentiment shows 7 funds reporting positions, with an average portfolio weight of 0.24% for FCNCO.
- Institutional ownership decreased slightly in the last quarter, with notable position adjustments from iShares Preferred and Income Securities ETF and Invesco Preferred ETF.
Barclays Maintains Equal-Weight Recommendation for FCNCO
Fintel data indicates that on October 24, 2025, Barclays reaffirmed its coverage of First Citizens BancShares, Inc. – Preferred Stock (NasdaqGS: FCNCO) with an Equal-Weight rating.
Analyst Price Forecast Signals Potential Upside
As of September 30, 2025, the consensus one-year price target for First Citizens BancShares, Inc. – Preferred Stock was set at $28.20 per share. This forecast spans a range from a low of $24.93 to a high of $32.87. The average price target signifies a potential increase of 24.51% when compared to the stock’s last reported closing price of $22.65 per share.
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Key Financial Metrics for FCNCO
The projected annual non-GAAP Earnings Per Share (EPS) for First Citizens BancShares, Inc. – Preferred Stock is 174.69.
Fund Sentiment and Institutional Ownership Trends
📊 The current fund sentiment landscape reveals that 7 funds or institutions have reported positions in First Citizens BancShares, Inc. – Preferred Stock. This number has remained consistent over the past quarter.
The average portfolio weight allocated to FCNCO by all reporting funds stands at 0.24%, representing an increase of 1.91%. Despite this, the total number of shares held by institutions saw a decrease of 1.22% in the last three months, totaling 1,167,000 shares.
Analysis of Other Significant Shareholders
PFF – iShares Preferred and Income Securities ETF currently holds 633,000 shares. In its previous filing, the firm reported ownership of 689,000 shares, marking a decrease of 8.89%. This institution also reduced its portfolio allocation to FCNCO by 1.03% over the last quarter.
PGX – iShares Preferred Stock ETF holds 294,000 shares. Prior to this, the firm held 308,000 shares, indicating a decrease of 4.79%. The firm also decreased its investment in FCNCO by 1.63% in the preceding quarter.
PFFD – Global X U.S. Preferred ETF holds 204,000 shares. In its earlier filing, the firm reported 147,000 shares, signifying an increase of 27.69%. Consequently, the firm augmented its portfolio allocation to FCNCO by 34.26% over the last quarter.
AAIIX – Ancora Income Fund Class I maintains 18,000 shares with no changes reported in the last quarter.
Calamos Long holds 8,000 shares, with no change observed in the last quarter.
Expert Summary
Barclays has reiterated its Equal-Weight stance on First Citizens BancShares, Inc. – Preferred Stock (FCNCO), with analysts projecting a significant upside of over 24% based on a price target of $28.20.
While overall institutional interest has seen minor adjustments, with some ETFs reducing holdings and others increasing them, the stock remains a focus for several funds. Key financial indicators, including projected EPS, provide further context for investors evaluating FCNCO.