First Citizens BancShares, Inc. (NASDAQ:FCNCP) Sees Large Growth in Short Interest

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

First Citizens BancShares Trading Down 1.9 %

NASDAQ FCNCP traded down $0.40 during trading hours on Friday, reaching $21.07. 63,746 shares of the stock traded hands, compared to its average volume of 16,265. The stock has a 50 day simple moving average of $22.48 and a two-hundred day simple moving average of $22.94. First Citizens BancShares has a 1 year low of $20.79 and a 1 year high of $24.42.

First Citizens BancShares Dividend Announcement

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

First Citizens BancShares Company Profile

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.