15 Highest-Priced Stocks Right Now

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

Share Price on February 14: $2,141.49

First Citizens BancShares, Inc. (NASDAQ:FCNCA) is a Fortune 500 financial institution, with over $200 billion in assets. Headquartered in Raleigh, North Carolina, it is the holding company of the First-Citizens Bank & Trust Company. The company offers an array of general banking, commercial banking, leasing, and other financial services.

FCNCA is one of the highest-priced stocks right now, with its share price having risen 43% over the past year. It continues to receive upward price targets from analysts and has an average upside potential of over 12% based on projections from 10 analysts. On January 27, Piper Sandler raised its price target for First Citizens BancShares, Inc. (NASDAQ:FCNCA) to $2,250 from $2,100, after strong fourth-quarter results.

During its Q4 2024 earnings call on January 24, the company reported deposit and loan growth across all business segments. Net income for the quarter was $700 million, improving 9.5% sequentially. Adjusted diluted earnings per share was logged at $45.10, beating expectations of $39.32 per share.

Credit remained stable, while First Citizens BancShares, Inc. (NASDAQ:FCNCA)’s solid liquidity and capital position allowed the management to buy back shares worth $963 million during the quarter. Moreover, the company also paid a dividend of $1.95 per share, reflecting its commitment to shareholder returns. Liquid assets as of December 31 stood at $59.34 billion, compared to $58.36 billion at the end of the third quarter.

According to Insider Monkey’s database for Q3 2024, 46 hedge funds held a stake in the company, remaining unchanged from the second quarter.

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