First Citizens BancShares (NASDAQ:FCNCP) Trading Down 0.3% – What’s Next?

First Citizens BancShares, Inc. (NASDAQ:FCNCP) shares fell 0.3% on Tuesday . The company traded as low as $19.67 and last traded at $19.92. 107,919 shares traded hands during mid-day trading, an increase of 489% from the average daily volume of 18,308 shares. The stock had previously closed at $19.98.

First Citizens BancShares Stock Performance

The stock has a 50-day simple moving average of $20.58 and a two-hundred day simple moving average of $20.90.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.3359 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.7%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc, headquartered in Raleigh, North Carolina, is a bank holding company and the parent of First Citizens Bank & Trust Company. Established in 1898, the institution has maintained a family‐controlled ownership structure, with members of the Holding family continuing to guide its strategic direction. Over more than a century of operation, First Citizens has built a reputation for conservative management and a focus on customer relationships.

The company’s core business activities encompass retail and commercial banking services.