---
title: "Ryan Nash Reiterates Hold Rating with Unchanged $2340 Price Target Amid Solid Execution but Ongoing Uncertainties"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293773744.md"
description: "Goldman Sachs analyst Ryan Nash maintains a Hold rating on First Citizens BancShares with an unchanged $2,340 price target. The decision reflects solid execution, including stronger-than-expected pre-provision earnings and positive credit quality, balanced against ongoing uncertainties regarding net interest income, deposit costs, and capital return timing. Barclays also issued a Hold rating with a similar target."
datetime: "2026-07-24T14:25:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293773744.md)
  - [en](https://longbridge.com/en/news/293773744.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293773744.md)
generator: "portal-rs"
---

# Ryan Nash Reiterates Hold Rating with Unchanged $2340 Price Target Amid Solid Execution but Ongoing Uncertainties

In a report released yesterday, Ryan Nash from Goldman Sachs maintained a Hold rating on First Citizens BancShares, with a price target of $2,340.00.

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Ryan Nash has given his Hold rating due to a combination of factors reflecting both solid execution and lingering uncertainties. The latest quarter showed stronger-than-expected pre-provision earnings, supported by higher loan yields and robust fee income, while credit quality surprised positively with lower net charge-offs and stable non-performing loans. 

At the same time, balance sheet momentum was mixed, with loan growth concentrated in SVB-related exposures and deposit gains driven mainly by the direct bank, and management’s updated 2026 outlook, while modestly improved, still hinges heavily on the path of net interest income and deposit costs in a competitive funding environment. Nash also notes that questions remain around the timing and impact of repaying the FDIC note and future capital return, leading him to keep a neutral stance with an unchanged $2340 price target rather than move to a more decisive Buy or Sell recommendation.

According to TipRanks, Nash is a 5-star analyst with an average return of 11.8% and a 67.83% success rate. Nash covers the Financial sector, focusing on stocks such as Bread Financial Holdings, First Hawaiian, and First Citizens BancShares.

In another report released today, Barclays also maintained a Hold rating on the stock with a $2,346.00 price target.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**