Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Drops By 41.2%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 9,272 shares, a decline of 41.2% from the April 15th total of 15,756 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is currently 1.2 days.

First Citizens BancShares Price Performance

First Citizens BancShares stock traded down $0.30 during trading hours on Friday, hitting $20.60. The company had a trading volume of 11,532 shares, compared to its average volume of 19,028. First Citizens BancShares has a 1 year low of $19.97 and a 1 year high of $22.93. The company has a 50-day moving average price of $21.30 and a two-hundred day moving average price of $21.28.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.3359 dividend. This represents a $1.34 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, May 29th.

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.