First Citizens BancShares (NASDAQ:FCNCO) Shares Down 0.2% – What’s Next?

First Citizens BancShares, Inc. (NASDAQ:FCNCO)’s stock price dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $20.25 and last traded at $20.28. Approximately 9,467 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 14,938 shares. The stock had previously closed at $20.32.

First Citizens BancShares Trading Down 2.3%

The stock’s fifty day moving average price is $20.59 and its 200 day moving average price is $21.17.

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.3516 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, August 31st.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full-service commercial bank headquartered in Raleigh, North Carolina. Established in 1898, the company operates a network of branches across the United States, with a strong presence in the Southeast, Mid-Atlantic and select Western markets. As a publicly traded company listed on NASDAQ under the ticker FCNCO, First Citizens BancShares serves both retail and institutional clients through a diversified platform of banking services.

The company’s core business activities include deposit taking, commercial and consumer lending, and mortgage origination.