Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Rises By 61.3%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 17,891 shares, a growth of 61.3% from the November 30th total of 11,090 shares. Based on an average daily volume of 19,427 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 19,427 shares, the short-interest ratio is presently 0.9 days.

First Citizens BancShares Stock Down 0.8%

FCNCP stock traded down $0.17 during midday trading on Friday, hitting $20.15. The company’s stock had a trading volume of 56,073 shares, compared to its average volume of 23,745. The company’s fifty day moving average price is $21.60 and its 200 day moving average price is $21.68. First Citizens BancShares has a twelve month low of $19.30 and a twelve month high of $23.50.

First Citizens BancShares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.3359 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Friday, November 28th.

First Citizens BancShares Company Profile

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.