Raymond James Upgrades First Citizens BancShares (FCNCA) to Strong Buy

Raymond James analyst David Long upgraded First Citizens BancShares (NASDAQ: FCNCA) from Outperform to Strong Buy with a price target of $2,200.00 (from $2,100.00).

The analyst comments "We are upgrading shares of First Citizens to Strong Buy from Outperform. FCNCA shares have had a difficult 2025, declining 13.4% YTD compared to the 15.8% YTD increase in the large-cap bank index. We attribute such underperformance to relatively weak sentiment related to the bank’s asset sensitivity and credit metrics. However, we believe these concerns are overblown. Furthermore, we see balance sheet growth accelerating. As a result, we believe investor sentiment is poised to shift positive, and with the shares trading at a material discount to its peers, a unique buying opportunity has presented itself."

For an analyst ratings summary and ratings history on First Citizens BancShares click here. For more ratings news on First Citizens BancShares click here.

Shares of First Citizens BancShares closed at $1829.88 yesterday.

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