First Citizens BancShares, Inc. (FCNCA) To Go Ex-Dividend on May 29th

First Citizens BancShares, Inc. (NASDAQ:FCNCA) announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, May 29th will be given a dividend of 2.10 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th.

First Citizens BancShares has raised its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 8 years. First Citizens BancShares has a payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Citizens BancShares to earn $198.70 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 4.2%.

First Citizens BancShares Trading Up 0.3%

NASDAQ:FCNCA opened at $1,996.92 on Wednesday. The company has a 50-day moving average price of $1,936.17 and a 200-day moving average price of $1,989.55. First Citizens BancShares has a 12 month low of $1,623.76 and a 12 month high of $2,232.21. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.67. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.52 and a beta of 0.63.

First Citizens BancShares (NASDAQ:FCNCA) last posted its earnings results on Thursday, April 23rd. The bank reported $44.86 EPS for the quarter, topping the consensus estimate of $43.31 by $1.55. First Citizens BancShares had a net margin of 15.62% and a return on equity of 11.48%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the company posted $37.79 EPS. Equities analysts predict that First Citizens BancShares will post 177.84 EPS for the current 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.