First Citizens BancShares, Inc. (NASDAQ:FCNCO) Sees Large Increase in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 23,500 shares, a growth of 104.3% from the December 15th total of 11,500 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is currently 1.8 days.

First Citizens BancShares Trading Up 0.5 %

FCNCO stock traded up $0.11 during midday trading on Thursday, reaching $23.23. 18,133 shares of the company’s stock traded hands, compared to its average volume of 15,713. First Citizens BancShares has a fifty-two week low of $21.28 and a fifty-two week high of $24.83. The business has a 50-day moving average price of $23.17 and a two-hundred day moving average price of $23.40.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.3516 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.41 annualized dividend and a yield of 6.05%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.