12 High Growth Low PE Stocks to Buy

4. First Citizens BancShares, Inc. (NASDAQ:FCNCA)

5-Year Revenue CAGR: 40.63%

Number of Hedge Fund Holders: 46

Forward P/E as of January 29: 13.48

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a financial services company that provides retail and commercial banking services to individuals, businesses, and professionals. The company’s edge as a growth low PE stock to buy stems from robust financial results complemented by strategic initiatives in risk management. On January 27th, the company delivered impressive fourth-quarter and full-year results that benefited from aggressive risk management and technology investments.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) delivered adjusted earnings per share of $45.87 against the $39.13 expected for the year. Revenues were up 23% year over year to $9.33 billion. The bank’s competitive position in innovation and strategic investments drove the impressive results. The business continued to prioritize efficiency and cost control while maintaining a robust pipeline in global fund banking. The dedication to shareholder value is demonstrated by the $969.4 million repurchase of 3.61% of Class A common shares.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) expects deposit growth to reach $150 billion to $153 billion and loan growth to be between $138 billion and $140 billion. The business is getting ready for rate cuts by the Federal Reserve, which might have an effect on margin and net interest income by the second half of 2025.