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%.
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.
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