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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 77,600 shares, an increase of 546.7% from the March 15th total of 12,000 shares. Based on an average trading volume of 27,400 shares, the short-interest ratio is currently 2.8 days.

First Citizens BancShares Stock Performance

First Citizens BancShares stock traded up $0.31 during midday trading on Monday, reaching $19.98. The company’s stock had a trading volume of 19,583 shares, compared to its average volume of 17,233. The business has a 50-day moving average price of $21.95 and a 200-day moving average price of $22.68. First Citizens BancShares has a 52 week low of $19.30 and a 52 week high of $24.42.

First Citizens BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.3359 per share. The ex-dividend date was Friday, February 28th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.73%.

About First Citizens BancShares

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.