We recently published a list of 14 Most Expensive Stocks Insiders Are Buying In March. In this article, we are going to take a look at where First Citizens BancShares, Inc. (NASDAQ:FCNCA) stands against other most expensive stocks insiders are buying in March.
President Donald Trump is preparing to announce “Liberation Day” tariffs on April 2, introducing so-called reciprocal tariffs as retaliation for tariffs imposed by other countries. While the announcement would represent a significant expansion of U.S. tariffs, experts familiar with the matter indicate it is expected to be more targeted than the broad, global approach, writes Bloomberg.
The stock market is reacting to these reports with the broader market gaining 1.5%, blue-chip companies advancing around 1.2% and the NASDAQ Composite being up more than 2%.
As investors digest daily developments, uncertainty continues to weigh on the market. During such times, insider trading often draws attention, as executive stock purchases may signal confidence in a company’s future. However, insider selling doesn’t always indicate doubt—it could reflect personal financial needs or diversification strategies. Executives often use pre-set plans like 10b5-1 to ensure transparency. While insider trading offers valuable clues, it should be considered alongside financial health, market trends, and industry shifts.
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Which stocks are insiders buying at the highest prices this month? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 14 stocks with the highest average price per share.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
With each stock, we note the average price per share of these purchases and the stock’s market capitalization.
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First Citizens BancShares, Inc. (NASDAQ:FCNCA)
Market Capitalization: $24.82 billion
First Citizens BancShares, Inc. (NASDAQ:FCNCA) is 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 (NASDAQ:FCNCA) 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 (NASDAQ:FCNCA) stock as a ‘Buy,’ with a price target of $2,355.20, implying a 27.23% upside from its current price.
Overall, FCNCA ranks 1st on our list of the 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. This article is originally published at Insider Monkey.
