14 Most Expensive Stocks Insiders Are Buying In March

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

Market Capitalization: $24.82 billion

The first among 14 most expensive stocks insiders are buying in March is First Citizens BancShares, a holding company for First-Citizens Bank & Trust Company, offering retail and commercial banking services, wealth management, and customized financing solutions in the United States and internationally.

The Raleigh, North Carolina-based company provides various deposit and loan products, investment and advisory services, and specialized leasing options through its General Bank, Commercial Bank, Silicon Valley Bank Commercial, and Rail segments, accessible via online platforms and branch locations. It is also one of the 10 best local bank stocks to buy.

For the fourth quarter of 2024, First Citizens BancShares reported a net income of $700 million compared to $639 million for the third quarter of 2024. Net income available to common stockholders amounted to $685 million, or $49.21 per diluted share, a $61 million increase from $624 million, or $43.42 per diluted share in the previous quarter. As of December 31, 2024, loans and leases totaled $140.22 billion, up $1.53 billion from $138.70 billion on September 30, 2024. The company attributes this growth to increases in the following three segments: General Bank, Commercial Bank, and SVB Commercial.

In March, two insiders, including the company’s president and CEO, and CFO bought a total of around $856,467 worth of First Citizens shares at an average price of $1,521 per share. Currently, the stock trades at $1,851.20 per share, having declined 12.39% year-to-date. However, over the past 12 months, its shares returned 15.44% to investors.

According to StockAnalysis, 10 analysts rate First Citizens stock as a ‘Buy,’ with a price target of $2,355.20, implying a 27.23% upside from its current price.

Overall, FCNCA is first among the 14 most expensive stocks insiders are buying in March. While we acknowledge the potential of FCNCA our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FCNCA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.