First Citizens Bancshares (OTC:FIZN) Trading Up 29% – Here’s Why

Shares of First Citizens Bancshares, Inc. (OTC:FIZNGet Free Report) rose 29% on Thursday . The company traded as high as $69.75 and last traded at $69.75. Approximately 185 shares were traded 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 Price Performance

The firm has a 50 day moving average price of $55.59 and a 200-day moving average price of $54.87.

First Citizens Bancshares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. First Citizens Bancshares’s dividend payout ratio is presently 12.65%.

About First Citizens Bancshares

(Get Free Report)

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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