First Citizens BancShares (NASDAQ:FCNCP) Shares Down 0.3% – Time to Sell?

First Citizens BancShares, Inc. (NASDAQ:FCNCP) dropped 0.3% during trading on Tuesday . The company traded as low as $19.67 and last traded at $19.92. Approximately 107,919 shares changed hands during mid-day trading, an increase of 489% from the average session volume of 18,308 shares. The stock had previously closed at $19.98.

First Citizens BancShares Stock Down 0.3%

The company’s 50 day moving average is $20.61 and its 200 day moving average is $20.91.

First Citizens BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were 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 was 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.