First Citizens BancShares, Inc. (NASDAQ:FCNCP) Short Interest Update

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 6,324 shares, a decline of 80.5% from the February 26th total of 32,456 shares. Based on an average trading volume of 10,556 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 10,556 shares, the days-to-cover ratio is presently 0.6 days.

First Citizens BancShares Stock Performance

Shares of NASDAQ:FCNCP opened at $21.39 on Wednesday. First Citizens BancShares has a 52-week low of $19.30 and a 52-week high of $22.93. The stock’s fifty day simple moving average is $21.31 and its 200-day simple moving average is $21.50.

First Citizens BancShares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.3359 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was 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.