First Citizens BancShares Inc. (NASDAQ:FCNCA) Declares Quarterly Dividend of $0.40

First Citizens BancShares Inc. (NASDAQ:FCNCA) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Monday, September 14th will be paid a dividend of 0.40 per share by the bank on Monday, October 5th. This represents a $1.60 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Friday, September 11th.

First Citizens BancShares has raised its dividend payment by an average of 33.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

First Citizens BancShares stock traded down $6.41 on Thursday, hitting $419.70. 1,138 shares of the stock traded hands, compared to its average volume of 39,556. First Citizens BancShares has a 1 year low of $276.08 and a 1 year high of $542.12. The firm has a market cap of $4.27 billion, a P/E ratio of 10.23 and a beta of 1.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $398.78 and its 200 day simple moving average is $409.33.

First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Tuesday, April 28th. The bank reported $5.46 earnings per share (EPS) for the quarter. The firm had revenue of $402.41 million during the quarter. First Citizens BancShares had a net margin of 23.23% and a return on equity of 11.81%.

Separately, BidaskClub lowered First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Wednesday, July 8th.

About First Citizens BancShares

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.

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Dividend History for First Citizens BancShares (NASDAQ:FCNCA)

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