First Citizens BancShares (NASDAQ:FCNCO) Stock Price Down 0.5% – What’s Next?

First Citizens BancShares, Inc. (NASDAQ:FCNCO)’s stock price fell 0.5% on Monday . The stock traded as low as $20.46 and last traded at $20.47. 21,688 shares changed hands during trading, an increase of 47% from the average session volume of 14,749 shares. The stock had previously closed at $20.58.

First Citizens BancShares Trading Down 0.2%

The company’s fifty day moving average is $21.34 and its two-hundred day moving average is $21.77.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.3516 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.41 dividend on an annualized basis and a yield of 6.9%.

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.