Investors should buy First Citizens, Barron’s says

First Citizens BancShares (FCNCA) is up 88% this year, an impressive run for a bank that, until recently, was a solid but sleepy regional lender based in Raleigh, N.C., Carleton English writes in this week’s edition of Barron’s. Despite its gains, First Citizens still has relatively cheap shares, along with an unusual growth engine. It now owns Silicon Valley Bank, the premier bank to the tech industry, the author notes, adding that Wall Street is warming up to First Citizens’ story.