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Investing.com - Keefe, Bruyette & Woods (KBW) reduced its price target on First Citizens BancShares (NASDAQ:FCNCA) to $2,050.00 from $2,100.00 on Friday.
The research firm maintained its Outperform rating on the bank holding company despite the price target reduction, citing the stock’s attractive valuation among Large Regional banks. The company has demonstrated strong financial health, earning a "GOOD" overall rating from InvestingPro, with particularly high scores in relative value metrics.
KBW analyst Christopher McGratty acknowledged that lower interest rates present headwinds to First Citizens’ asset-sensitive balance sheet but remained constructive on the shares.
The firm pointed to early signs of growth from Silicon Valley Bank (SVB) assets acquired by First Citizens, continued share buybacks, and the stock’s valuation at 1.06x tangible book value as positive factors.
KBW noted that First Citizens had "cleared an important hurdle" by providing updated net interest income guidance and credit trends amid recent market uncertainty.
In other recent news, First Citizens BancShares reported its third-quarter 2025 earnings, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $44.62, exceeding the projected $41.94. This 6.4% beat highlights the company’s strong financial performance. Analysts have noted that the results reflect First Citizens BancShares’ strategic initiatives. The company’s latest earnings report is part of a series of recent developments. Investors are closely monitoring these updates for insights into the company’s future performance. The earnings results underscore the financial health and operational efficiency of First Citizens BancShares.
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