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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 8,308 shares, a decrease of 46.2% from the January 29th total of 15,430 shares. Based on an average trading volume of 12,595 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 12,595 shares, the days-to-cover ratio is currently 0.7 days.

First Citizens BancShares Trading Down 2.5%

First Citizens BancShares stock traded down $0.55 during mid-day trading on Friday, hitting $21.54. The company’s stock had a trading volume of 59,181 shares, compared to its average volume of 22,212. First Citizens BancShares has a twelve month low of $19.30 and a twelve month high of $23.50. The stock’s fifty day moving average price is $20.96 and its two-hundred day moving average price is $21.61.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.3359 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.34 dividend on an annualized basis and a yield of 6.2%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc, headquartered in Raleigh, North Carolina, is a bank holding company and the parent of First Citizens Bank & Trust Company. Established in 1898, the institution has maintained a family‐controlled ownership structure, with members of the Holding family continuing to guide its strategic direction. Over more than a century of operation, First Citizens has built a reputation for conservative management and a focus on customer relationships.

The company’s core business activities encompass retail and commercial banking services.