First Citizens BancShares (NASDAQ:FCNCP) Trading 1% Higher – Here’s Why

First Citizens BancShares, Inc. (NASDAQ:FCNCP) shares shot up 1% on Wednesday . The stock traded as high as $22.18 and last traded at $22.0050. 22,861 shares traded hands during trading, an increase of 3% from the average session volume of 22,261 shares. The stock had previously closed at $21.79.

First Citizens BancShares Stock Performance

The company’s 50 day moving average is $20.76 and its 200-day moving average is $21.60.

First Citizens BancShares Announces Dividend

The business 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 $0.3359 per share. The ex-dividend date is Friday, February 27th. This represents a $1.34 annualized dividend and a yield of 6.1%.

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.