Rep. Thomas H. Kean, Jr. Sells Off Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Posted by Kim Johansen on May 30th, 2026

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently sold shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA). In a filing disclosed on May 22nd, the Representative disclosed that they had sold between $1,001 and $15,000 in First Citizens BancShares stock on April 14th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 4/29/2026.
Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 4/21/2026.
Sold $1,001 – $15,000 in shares of nVent Electric (NYSE:NVT) on 4/15/2026.
Purchased $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/14/2026.
Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 3/31/2026.
Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 3/26/2026.
Sold $15,001 – $50,000 in shares of Chubb (NYSE:CB) on 3/26/2026.
Sold $1,001 – $15,000 in shares of First Citizens BancShares (NASDAQ:FCNCA) on 3/26/2026.
Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 3/26/2026.
Purchased $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 3/26/2026.

First Citizens BancShares Price Performance

NASDAQ:FCNCA opened at $1,990.51 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.53 and a beta of 0.63. The company has a 50 day moving average price of $1,949.40 and a 200-day moving average price of $1,992.23. First Citizens BancShares, Inc. has a 1-year low of $1,623.76 and a 1-year high of $2,232.21.

First Citizens BancShares (NASDAQ:FCNCA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The bank reported $44.86 earnings per share for the quarter, beating the consensus estimate of $43.31 by $1.55. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.20 billion. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. During the same period in the previous year, the firm earned $37.79 EPS. Equities research analysts forecast that First Citizens BancShares, Inc. will post 177.84 EPS for the current year.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $2.10 per share. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th. First Citizens BancShares’s payout ratio is 4.83%.

Analyst Ratings Changes

FCNCA has been the subject of several recent research reports. Piper Sandler set a $2,050.00 target price on shares of First Citizens BancShares in a report on Friday, April 24th. Keefe, Bruyette & Woods cut their target price on shares of First Citizens BancShares from $2,375.00 to $2,300.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Citigroup reaffirmed a “neutral” rating on shares of First Citizens BancShares in a report on Friday, April 24th. TD Cowen cut their target price on shares of First Citizens BancShares from $2,500.00 to $2,300.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Weiss Ratings lowered shares of First Citizens BancShares from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2,215.91.

View Our Latest Report on First Citizens BancShares

Institutional Investors Weigh In On First Citizens BancShares

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCNCA. Goldman Sachs Group Inc. boosted its stake in First Citizens BancShares by 1.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 37,389 shares of the bank’s stock worth $69,324,000 after purchasing an additional 681 shares during the last quarter. Empowered Funds LLC boosted its stake in First Citizens BancShares by 71.9% during the 1st quarter. Empowered Funds LLC now owns 392 shares of the bank’s stock worth $727,000 after purchasing an additional 164 shares during the last quarter. Focus Partners Wealth boosted its position in shares of First Citizens BancShares by 5.2% during the 1st quarter. Focus Partners Wealth now owns 241 shares of the bank’s stock valued at $447,000 after acquiring an additional 12 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of First Citizens BancShares by 31.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 88 shares of the bank’s stock valued at $172,000 after acquiring an additional 21 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of First Citizens BancShares during the 2nd quarter valued at about $260,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

Insider Transactions at First Citizens BancShares

In related news, CEO Frank B. Holding, Jr. sold 5,346 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,918.69, for a total value of $10,257,316.74. Following the sale, the chief executive officer directly owned 100,654 shares in the company, valued at approximately $193,123,823.26. The trade was a 5.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have bought 6,198 shares of company stock valued at $10,661,547. 14.63% of the stock is currently owned by insiders.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About First Citizens BancShares

(Get Free Report)

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.