Added to YB: 2024-10-21
Pitch date: 2024-10-18
FCNCA [neutral]
First Citizens BancShares, Inc.
-2.93%
current return
Author Info
Waterboy Stocks is a value investor sharing stock pitches on their blog. Sign up for the newsletter.
Company Info
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.
Market Cap
$22.5B
Pitch Price
$2.1K
Price Target
N/A
Dividend
0.46%
EV/EBITDA
N/A
P/E
10.81
EV/Sales
N/A
Sector
Banks
Category
N/A
First Citizens BancShares, Inc. - $FCNCA
FCNCA (overvalued): Top family-owned bank with savvy acquisitions, esp. SVB deal. Low-cost FDIC funding boosts performance. Concerns: loan quality degradation, over-reliance on Fed, inadequate loss provisions. Despite buyback plans, near-term headwinds from lower rates and credit issues may be underpriced by market.
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