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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 12,800 shares, a growth of 6.7% from the December 31st total of 12,000 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is presently 0.9 days.

First Citizens BancShares Stock Up 0.3 %

Shares of NASDAQ FCNCP traded up $0.07 during midday trading on Tuesday, reaching $22.41. 5,078 shares of the stock traded hands, compared to its average volume of 15,563. The company’s 50 day moving average is $22.69 and its 200 day moving average is $22.94. First Citizens BancShares has a one year low of $20.79 and a one year high of $24.42.

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.3359 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.00%.

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.