First Citizens BancShares, Inc. (NASDAQ:FCNCO – Get Rating) announced a quarterly dividend on Thursday, February 9th, Wall Street Journal reports. Investors of record on Tuesday, February 28th will be paid a dividend of 0.3516 per share on Wednesday, March 15th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date is Monday, February 27th.

First Citizens BancShares Trading Down 0.8 %

FCNCO opened at $22.28 on Friday. First Citizens BancShares has a 52 week low of $19.93 and a 52 week high of $25.57. The company has a fifty day moving average price of $21.19.

Insider Activity at First Citizens BancShares

In other news, CEO Frank B. Holding, Jr. bought 1,020 shares of First Citizens BancShares stock in a transaction that occurred on Friday, February 3rd. The shares were acquired at an average price of $722.51 per share, with a total value of $736,960.20. Following the completion of the purchase, the chief executive officer now directly owns 93,232 shares in the company, valued at $67,361,052.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jeffery L. Ward acquired 1,600 shares of First Citizens BancShares stock in a transaction dated Tuesday, December 13th. The shares were purchased at an average cost of $19.93 per share, with a total value of $31,888.00. Following the completion of the purchase, the insider now owns 5,600 shares of the company's stock, valued at $111,608. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frank B. Holding, Jr. acquired 1,020 shares of First Citizens BancShares stock in a transaction dated Friday, February 3rd. The shares were bought at an average cost of $722.51 per share, for a total transaction of $736,960.20. Following the completion of the purchase, the chief executive officer now directly owns 93,232 shares of the company's stock, valued at approximately $67,361,052.32. The disclosure for this purchase can be found here. Insiders have bought a total of 2,640 shares of company stock valued at $783,432 over the last 90 days.

First Citizens BancShares Company Profile

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First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.

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