Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Decreases By 42.6%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 6,200 shares, a decrease of 42.6% from the February 28th total of 10,800 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 0.4 days.

First Citizens BancShares Price Performance

FCNCO stock traded down $0.20 during mid-day trading on Friday, reaching $22.11. The company had a trading volume of 16,606 shares, compared to its average volume of 17,876. First Citizens BancShares has a fifty-two week low of $21.28 and a fifty-two week high of $24.83. The firm has a fifty day simple moving average of $22.81 and a 200 day simple moving average of $23.39.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.3516 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.41 dividend on an annualized basis and a yield of 6.36%.

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.