First Citizens BancShares, Inc. (NASDAQ:FCNCO) Sees Significant Growth in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 25,513 shares, an increase of 129.3% from the January 29th total of 11,125 shares. Based on an average daily volume of 11,142 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 11,142 shares, the days-to-cover ratio is presently 2.3 days.

First Citizens BancShares Trading Down 2.3%

Shares of First Citizens BancShares stock traded down $0.53 during trading on Friday, reaching $22.74. 34,584 shares of the stock traded hands, compared to its average volume of 16,869. First Citizens BancShares has a 52-week low of $20.57 and a 52-week high of $23.91. The business has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $22.35.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, February 27th.

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.