First Citizens BancShares (NASDAQ:FCNCO) Stock Price Down 0.5% – Here’s Why

First Citizens BancShares, Inc. (NASDAQ:FCNCO) 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 0.5%

The company has a 50-day moving average price of $21.35 and a two-hundred day moving average price of $21.79.

First Citizens BancShares Dividend Announcement

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

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.