First Citizens BancShares (NASDAQ:FCNCO) Trading 0.5% Higher – Time to Buy?

First Citizens BancShares, Inc. (NASDAQ:FCNCO)’s stock price were up 0.5% during mid-day trading on Tuesday . The company traded as high as $20.53 and last traded at $20.45. 71,461 shares changed hands during trading, an increase of 370% from the average session volume of 15,190 shares. The stock had previously closed at $20.35.

First Citizens BancShares Trading Up 0.5%

The company’s fifty day moving average price is $21.05 and its 200 day moving average price is $21.60.

First Citizens BancShares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.3516 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.41 dividend on an annualized basis and a yield of 6.9%.

First Citizens BancShares Company Profile

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.