First Citizens Bancshares, Inc. (OTC:FIZN – Get Free Report)’s share price rose 29% during trading on Thursday . The stock traded as high as $69.75 and last traded at $69.75. Approximately 185 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 450 shares. The stock had previously closed at $54.05.
First Citizens Bancshares Stock Performance
The company has a 50-day moving average of $55.24 and a two-hundred day moving average of $54.79.
First Citizens Bancshares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. First Citizens Bancshares’s payout ratio is currently 12.65%.
About First Citizens Bancshares
First Citizens Bancshares, Inc, through its subsidiary, First Citizens National Bank, provides various commercial banking services to individuals and corporate customers. The company offers checking and savings deposits, as well as certificates of deposit; and residential, commercial, and consumer lending products.
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