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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 12,000 shares, an increase of 122.2% from the February 28th total of 5,400 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 0.7 days.

First Citizens BancShares Stock Performance

Shares of FCNCP stock traded down $0.40 during mid-day trading on Friday, reaching $21.07. 63,746 shares of the company’s stock traded hands, compared to its average volume of 14,697. The company’s 50-day moving average price is $22.46 and its 200-day moving average price is $22.93. First Citizens BancShares has a 12 month low of $20.79 and a 12 month high of $24.42.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.3359 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend was Friday, February 28th.

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.