First Citizens BancShares, Inc. (NASDAQ:FCNCA - Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 29th will be given a dividend of 2.10 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, May 29th.
First Citizens BancShares has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. First Citizens BancShares has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect First Citizens BancShares to earn $204.44 per share next year, which means the company should continue to be able to cover its $8.40 annual dividend with an expected future payout ratio of 4.1%.
First Citizens BancShares Price Performance
FCNCA stock traded down $69.48 during trading on Thursday, hitting $1,976.37. 130,039 shares of the company's stock traded hands, compared to its average volume of 100,835. First Citizens BancShares has a 52 week low of $1,623.76 and a 52 week high of $2,232.21. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.03 and a current ratio of 1.03. The business has a fifty day simple moving average of $1,932.66 and a 200 day simple moving average of $1,957.13. The stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.53 and a beta of 0.65.
First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $44.86 EPS for the quarter, beating the consensus estimate of $43.31 by $1.55. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.20 billion. First Citizens BancShares had a net margin of 15.21% and a return on equity of 11.18%. During the same quarter last year, the business earned $37.79 earnings per share. As a group, research analysts expect that First Citizens BancShares will post 178.89 EPS for the current fiscal year.
Key First Citizens BancShares News
Here are the key news stories impacting First Citizens BancShares this week:
First Citizens BancShares Company Profile
(
Get Free Report)
First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full‑service commercial bank headquartered in Raleigh, North Carolina. The company traces its roots to a community bank founded in 1898 and has grown into a diversified financial services organization that operates through its banking subsidiary to serve retail, commercial and institutional clients.
First Citizens offers a broad suite of banking products and services, including consumer and business deposit accounts, commercial and industrial lending, real estate and mortgage lending, treasury and cash management, and specialized lending solutions.
Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider First Citizens BancShares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Citizens BancShares wasn't on the list.
While First Citizens BancShares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.