First Citizens BancShares, Inc. (NASDAQ:FCNCA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.

Separately, BidaskClub upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.

Shares of First Citizens BancShares (FCNCA) traded up 1.25% during mid-day trading on Thursday, reaching $374.40. The company had a trading volume of 37,427 shares. First Citizens BancShares has a 52-week low of $245.60 and a 52-week high of $384.12. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 18.66 and a beta of 1.03. The firm’s 50-day moving average price is $348.77 and its 200 day moving average price is $351.27.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th will be given a $0.30 dividend. The ex-dividend date is Friday, June 23rd. This represents a $1.20 annualized dividend and a yield of 0.32%. First Citizens BancShares’s dividend payout ratio is presently 5.98%.

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About First Citizens BancShares

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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