Quick Summary
- Piper Sandler has maintained its Neutral recommendation for First Citizens BancShares, Inc. – Preferred Stock (FCNCO).
- The average one-year price target suggests a potential upside of 24.51% from its most recent closing price.
- Fund sentiment shows a slight increase in average portfolio weight dedicated to FCNCO, although total institutional shares held have decreased.
- Several major ETFs adjusted their holdings in FCNCO in the last quarter, with mixed changes in share counts and portfolio allocations.
Piper Sandler Maintains Neutral Stance on FCNCO
Fintel reports that on October 24, 2025, Piper Sandler maintained its coverage of First Citizens BancShares, Inc. – Preferred Stock (NasdaqGS:FCNCO) with a Neutral recommendation.
Analyst Price Forecast Indicates Potential Upside
As of September 30, 2025, the average one-year price target for First Citizens BancShares, Inc. – Preferred Stock stands at $28.20 per share. These forecasts range from a low of $24.93 to a high of $32.87. This average price target represents a significant potential increase of 24.51% from its latest reported closing price of $22.65 per share.
📊 The projected annual non-GAAP EPS for the company is 174.69.
Fund Sentiment and Institutional Holdings
Currently, 7 funds or institutions report positions in First Citizens BancShares, Inc. – Preferred Stock. This number has remained unchanged over the last quarter. The average portfolio weight allocated to FCNCO by all reporting funds has seen an increase of 1.91%, now standing at 0.24%. Concurrently, the total number of shares owned by institutions decreased by 1.22% in the last three months, totaling 1,167,000 shares.
Key Institutional Shareholder Activity
Several prominent shareholders have adjusted their positions in First Citizens BancShares, Inc. – Preferred Stock:
- PFF – iShares Preferred and Income Securities ETF holds 633,000 shares. In its prior filing, the firm reported owning 689,000 shares, representing a decrease of 8.89%, and reduced its portfolio allocation in FCNCO by 1.03% over the last quarter.
- PGX – Invesco Preferred ETF holds 294,000 shares. Previously, the firm reported owning 308,000 shares, a decrease of 4.79%. The firm also decreased its portfolio allocation in FCNCO by 1.63% in the last quarter.
- PFFD – Global X U.S. Preferred ETF holds 204,000 shares. In its previous filing, the firm reported owning 147,000 shares, an increase of 27.69%. This fund increased its portfolio allocation in FCNCO by 34.26% over the last quarter.
- AAIIX – Ancora Income Fund Class I holds 18,000 shares, with no change reported in the last quarter.
- Calamos Long holds 8,000 shares, also reporting no change in the last quarter.
Expert Summary
Piper Sandler has reaffirmed its Neutral recommendation for First Citizens BancShares, Inc. – Preferred Stock (FCNCO), with analyst price targets suggesting a notable potential upside. While overall fund sentiment shows a slight increase in portfolio weighting towards FCNCO, institutional shareholdings have seen a modest decline. Notably, key ETF holders have exhibited varied trading activity in the last quarter.