Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Increases By 58.7%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 19,073 shares, a growth of 58.7% from the July 15th total of 12,016 shares. Based on an average daily volume of 12,547 shares, the short-interest ratio is presently 1.5 days.

First Citizens BancShares Price Performance

First Citizens BancShares stock opened at $20.58 on Wednesday. First Citizens BancShares has a 52 week low of $20.05 and a 52 week high of $23.91. The business’s 50-day moving average price is $20.58 and its 200 day moving average price is $21.36.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a yield of 6.8%. The ex-dividend date is Monday, August 31st.

First Citizens BancShares Company Profile

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.