First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Down 58.3% in December

Posted by Doug Wharley on Dec 29th, 2024

First Citizens BancShares, Inc. (NASDAQ:FCNCO – Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 11,500 shares, a decrease of 58.3% from the November 30th total of 27,600 shares. Based on an average trading volume of 17,100 shares, the short-interest ratio is currently 0.7 days.

First Citizens BancShares Price Performance

FCNCO traded down $0.21 during midday trading on Friday, hitting $22.18. 14,232 shares of the company were exchanged, compared to its average volume of 18,030. First Citizens BancShares has a 1-year low of $21.17 and a 1-year high of $24.83. The company’s 50 day simple moving average is $23.54 and its 200 day simple moving average is $23.35.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.3516 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 6.34%.

About First Citizens BancShares

(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.