Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Increases By 121.1%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 15,916 shares, a growth of 121.1% from the April 15th total of 7,199 shares. Based on an average trading volume of 12,157 shares, the short-interest ratio is currently 1.3 days.

First Citizens BancShares Stock Down 0.3%

First Citizens BancShares stock traded down $0.07 during mid-day trading on Friday, hitting $21.35. 12,565 shares of the company’s stock traded hands, compared to its average volume of 14,632. The firm has a 50 day moving average price of $21.69 and a 200 day moving average price of $21.96. First Citizens BancShares has a one year low of $20.89 and a one year high of $23.91.

First Citizens BancShares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.3516 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, May 29th.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full-service commercial bank headquartered in Raleigh, North Carolina. Established in 1898, the company operates a network of branches across the United States, with a strong presence in the Southeast, Mid-Atlantic and select Western markets. As a publicly traded company listed on NASDAQ under the ticker FCNCO, First Citizens BancShares serves both retail and institutional clients through a diversified platform of banking services.

The company’s core business activities include deposit taking, commercial and consumer lending, and mortgage origination.