First Citizens BancShares, Inc. (NASDAQ: FCNCP) saw its stock price remain stable on Tuesday, closing at $22.12 after trading as high as $22.15. Approximately 10,938 shares changed hands during the day, marking a significant decline of 54% from the average daily trading volume of 23,877 shares. The previous closing price for the stock stood at $22.11.
Stock Performance Overview
The performance of First Citizens BancShares has shown notable consistency, reflected in its moving averages. The stock has a 50-day simple moving average of $22.21 and a 200-day simple moving average of $21.70. These averages indicate a stable trading range, although recent activity suggests a cautious market sentiment.
Investors received news of a quarterly dividend declaration, which adds another dimension to the stock’s attractiveness. The dividend, amounting to $0.3359 per share, is scheduled for distribution on December 15, 2024. Shareholders on record as of November 28, 2024, will be eligible for this payment, which translates to an annualized dividend of $1.34 and a dividend yield of 6.1%. The ex-dividend date is also set for November 28, 2024, which is a crucial date for potential investors to consider.
About First Citizens BancShares
First Citizens BancShares, Inc. serves as the holding company for First-Citizens Bank & Trust Company, providing a range of retail and commercial banking services to individuals, businesses, and professionals. The company offers an array of deposit products, including checking, savings, money market, and time deposit accounts.
As the financial landscape continues to evolve, investors are keeping a close eye on First Citizens BancShares. The combination of stable stock performance and attractive dividend yields could present opportunities for those looking to enhance their portfolio in the current market environment.
