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

First Citizens BancShares, Inc. (NASDAQ:FCNCO) 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

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.