First Citizens BancShares, Inc. (NASDAQ:FCNCA) Declares $2.10 Quarterly Dividend

First Citizens BancShares, Inc. (NASDAQ:FCNCA) declared a quarterly dividend on Friday, January 23rd. Stockholders of record on Friday, February 27th will be paid a dividend of 2.10 per share by the bank on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, February 27th.

First Citizens BancShares has increased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. First Citizens BancShares has a dividend payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Citizens BancShares to earn $193.69 per share next year, which means the company should continue to be able to cover its $8.40 annual dividend with an expected future payout ratio of 4.3%.

First Citizens BancShares Trading Down 8.5%

NASDAQ FCNCA opened at $2,016.56 on Friday. The stock has a market capitalization of $25.08 billion, a PE ratio of 11.92 and a beta of 0.69. The firm has a 50 day moving average of $2,058.68 and a two-hundred day moving average of $1,953.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.81. First Citizens BancShares has a 52 week low of $1,473.62 and a 52 week high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings results on Friday, January 23rd. The bank reported $51.27 earnings per share for the quarter, beating analysts’ consensus estimates of $44.24 by $7.03. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. First Citizens BancShares had a return on equity of 11.09% and a net margin of 15.99%. As a group, research analysts expect that First Citizens BancShares will post 167.59 EPS for the current fiscal year.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.

First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.