First Citizens BancShares Inc. Class A (FCNCA) to Issue Quarterly Dividend of $0.35 on July 2nd

First Citizens BancShares Inc. Class A (NASDAQ:FCNCA) announced a quarterly dividend on Thursday, April 26th, Wall Street Journal reports. Investors of record on Monday, June 18th will be given a dividend of 0.35 per share by the bank on Monday, July 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, June 15th.

FCNCA stock opened at $434.64 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. The company has a market cap of $5.26 billion, a P/E ratio of 13.75 and a beta of 1.10. First Citizens BancShares Inc. Class A has a 52 week low of $323.74 and a 52 week high of $463.44.

First Citizens BancShares Inc. Class A (NASDAQ:FCNCA) last posted its quarterly earnings results on Wednesday, April 25th. The bank reported $8.35 EPS for the quarter. The business had revenue of $437.55 million during the quarter. First Citizens BancShares Inc. Class A had a net margin of 21.22% and a return on equity of 11.53%.

In other news, Chairman Frank B. Holding, Jr. purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were bought at an average price of $378.00 per share, with a total value of $378,000.00. Following the completion of the transaction, the chairman now directly owns 311,051 shares in the company, valued at approximately $117,577,278. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Frank B. Holding, Jr. purchased 200 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The stock was purchased at an average cost of $390.00 per share, for a total transaction of $78,000.00. Following the transaction, the chairman now owns 311,051 shares of the company’s stock, valued at $121,309,890. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,506 shares of company stock worth $575,364. Insiders own 19.20% of the company’s stock.

Separately, BidaskClub raised shares of First Citizens BancShares Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, May 11th.

About First Citizens BancShares Inc. Class A

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.

Dividend History for First Citizens BancShares Inc. Class A (NASDAQ:FCNCA)

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