First Citizens Bancshares (OTC:FIZN) Shares Up 29% – Still a Buy?

First Citizens Bancshares, Inc. (OTC:FIZNGet Free Report) shares traded up 29% during trading on Thursday . The company traded as high as $69.75 and last traded at $69.75. 185 shares were traded during trading, a decline of 59% from the average session volume of 450 shares. The stock had previously closed at $54.05.

First Citizens Bancshares Price Performance

The company has a fifty day simple moving average of $55.24 and a two-hundred day simple moving average of $54.79.

First Citizens Bancshares Cuts Dividend

The firm 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 annualized dividend and a yield of 1.15%. First Citizens Bancshares’s dividend payout ratio (DPR) 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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