Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Decreases By 31.8%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 48,563 shares, a decline of 31.8% from the February 26th total of 71,157 shares. Based on an average trading volume of 10,400 shares, the short-interest ratio is presently 4.7 days.

First Citizens BancShares Stock Performance

Shares of FCNCO traded down $0.18 during trading hours on Friday, hitting $21.17. 13,750 shares of the company were exchanged, compared to its average volume of 15,877. First Citizens BancShares has a fifty-two week low of $20.57 and a fifty-two week high of $23.91. The firm’s fifty day moving average is $22.29 and its 200 day moving average is $22.20.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.3516 per share. This represents a $1.41 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Friday, February 27th.

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.