First Citizens BancShares, Inc. (NASDAQ:FCNCP) Short Interest Update

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,090 shares, a drop of 77.7% from the August 15th total of 13,880 shares. Based on an average daily trading volume, of 16,888 shares, the short-interest ratio is presently 0.2 days.

First Citizens BancShares Price Performance

FCNCP opened at $19.38 on Friday. The stock has a fifty day moving average of $20.05 and a 200-day moving average of $20.63. First Citizens BancShares has a fifty-two week low of $19.32 and a fifty-two week high of $22.84.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.3359 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.34 annualized dividend and a yield of 6.9%.

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.