Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Expands By 104.9%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 5,360 shares, an increase of 104.9% from the December 15th total of 2,616 shares. Based on an average daily trading volume, of 23,656 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 23,656 shares, the days-to-cover ratio is currently 0.2 days.

First Citizens BancShares Stock Performance

Shares of NASDAQ:FCNCO traded up $0.02 on Friday, hitting $22.14. The company’s stock had a trading volume of 18,151 shares, compared to its average volume of 12,768. The company has a 50-day simple moving average of $21.81 and a 200 day simple moving average of $22.46. First Citizens BancShares has a 1 year low of $20.57 and a 1 year high of $23.91.

First Citizens BancShares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a $0.3516 dividend. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.35. This represents a $1.41 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, November 28th.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full-service commercial bank headquartered in Raleigh, North Carolina. Established in 1898, the company operates a network of branches across the United States, with a strong presence in the Southeast, Mid-Atlantic and select Western markets. As a publicly traded company listed on NASDAQ under the ticker FCNCO, First Citizens BancShares serves both retail and institutional clients through a diversified platform of banking services.

The company’s core business activities include deposit taking, commercial and consumer lending, and mortgage origination.