First Citizens BancShares, Inc. (NASDAQ:FCNCP) Sees Significant Decrease in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 8,308 shares, a drop of 46.2% from the January 29th total of 15,430 shares. Based on an average trading volume of 12,595 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 12,595 shares, the short-interest ratio is presently 0.7 days.

First Citizens BancShares Stock Performance

FCNCP stock traded down $0.55 during mid-day trading on Friday, hitting $21.54. The stock had a trading volume of 59,181 shares, compared to its average volume of 22,212. First Citizens BancShares has a 1-year low of $19.30 and a 1-year high of $23.50. The company has a fifty day moving average of $20.96 and a 200 day moving average of $21.61.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.3359 per share. This represents a $1.34 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, February 27th.

About First Citizens BancShares

First Citizens BancShares, Inc, headquartered in Raleigh, North Carolina, is a bank holding company and the parent of First Citizens Bank & Trust Company. Established in 1898, the institution has maintained a family‐controlled ownership structure, with members of the Holding family continuing to guide its strategic direction. Over more than a century of operation, First Citizens has built a reputation for conservative management and a focus on customer relationships.

The company’s core business activities encompass retail and commercial banking services.