First Citizens BancShares (NASDAQ:FCNCO) Trading Down 1.6% – What’s Next?

First Citizens BancShares, Inc. (NASDAQ:FCNCO) fell 1.6% during trading on Friday . The stock traded as low as $21.59 and last traded at $21.59. 15,686 shares changed hands during trading, a decline of 0% from the average session volume of 15,763 shares. The stock had previously closed at $21.95.

First Citizens BancShares Price Performance

The stock has a 50-day moving average of $22.34 and a two-hundred day moving average of $22.24.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.3516 dividend. This represents a $1.41 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Friday, February 27th.

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.