Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Decreases By 58.6%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,400 shares, a drop of 58.6% from the January 15th total of 5,800 shares. Based on an average daily volume of 16,800 shares, the days-to-cover ratio is currently 0.1 days.

First Citizens BancShares Price Performance

Shares of FCNCP stock traded up $0.15 during mid-day trading on Friday, hitting $22.59. 5,294 shares of the company’s stock were exchanged, compared to its average volume of 17,040. First Citizens BancShares has a fifty-two week low of $20.79 and a fifty-two week high of $24.42. The stock has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $22.95.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.3359 per share. This represents a $1.34 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is 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.