Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Expands By 44.5%

First Citizens BancShares, Inc. (NASDAQ:FCNCOGet Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 26,300 shares, an increase of 44.5% from the September 30th total of 18,200 shares. Based on an average trading volume of 22,200 shares, the short-interest ratio is presently 1.2 days.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCO traded down $0.04 during midday trading on Tuesday, hitting $24.07. 3,499 shares of the stock were exchanged, compared to its average volume of 18,974. First Citizens BancShares has a 52-week low of $19.26 and a 52-week high of $24.83. The business’s fifty day simple moving average is $24.11 and its two-hundred day simple moving average is $23.05.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.3516 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.41 annualized dividend and a dividend yield of 5.84%.

First Citizens BancShares Company Profile

(Get Free Report)

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.

Further Reading

Receive News & Ratings for First Citizens BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Citizens BancShares and related companies with MarketBeat.com's FREE daily email newsletter.