First Citizens BancShares (NASDAQ:FCNCP) Trading Up 0.4% – Here’s Why

Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCP) shot up 0.4% during mid-day trading on Monday . The company traded as high as $20.11 and last traded at $20.09. 1,210 shares were traded during mid-day trading, a decline of 93% from the average session volume of 18,016 shares. The stock had previously closed at $20.01.

First Citizens BancShares Price Performance

The stock has a 50 day simple moving average of $20.96 and a 200-day simple moving average of $21.07.

First Citizens BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.3359 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, May 29th.

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.