First Citizens Bancshares (OTC:FIZN) Trading Up 29% – What’s Next?

First Citizens Bancshares, Inc. (OTC:FIZNGet Free Report)’s share price were up 29% during mid-day trading on Thursday . The company 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 stock’s 50-day simple moving average is $55.59 and its two-hundred day simple moving average is $54.87.

First Citizens Bancshares Cuts Dividend

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