First Citizens BancShares (NASDAQ:FCNCO) Trading Up 0.6% – Should You Buy?

First Citizens BancShares, Inc. (NASDAQ:FCNCO)’s share price shot up 0.6% during mid-day trading on Friday . The company traded as high as $22.43 and last traded at $22.4040. 10,289 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 12,560 shares. The stock had previously closed at $22.27.

First Citizens BancShares Trading Up 0.6%

The company’s fifty day simple moving average is $21.69 and its 200-day simple moving average is $22.37.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a yield of 6.3%. The ex-dividend date is 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.