First Citizens BancShares (NASDAQ:FCNCA) is scheduled to be releasing its earnings data on Tuesday, January 23rd.
First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $5.58 earnings per share (EPS) for the quarter. First Citizens BancShares had a net margin of 20.60% and a return on equity of 10.17%. The company had revenue of $398.56 million during the quarter.
Shares of First Citizens BancShares (FCNCA) opened at $449.54 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 0.86. First Citizens BancShares has a one year low of $319.40 and a one year high of $459.27. The stock has a market cap of $5,340.25, a P/E ratio of 16.77 and a beta of 1.15.
First Citizens BancShares announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that authorizes the company to buyback 800,000 shares. This buyback authorization authorizes the bank to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $0.30. First Citizens BancShares’s dividend payout ratio (DPR) is presently 5.22%.
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About First Citizens BancShares
First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.
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