First Citizens BancShares (NASDAQ:FCNCO) Trading Down 0.3% – Here’s Why

First Citizens BancShares, Inc. (NASDAQ:FCNCO)’s stock price dropped 0.3% during trading on Thursday . The company traded as low as $20.60 and last traded at $20.59. 9,636 shares were traded during mid-day trading, a decline of 34% from the average session volume of 14,605 shares. The stock had previously closed at $20.65.

First Citizens BancShares Price Performance

The stock’s 50-day simple moving average is $20.58 and its 200 day simple moving average is $21.40.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.3516 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 6.8%.

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. 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.