First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Up 24.2% in June

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 51,400 shares, a growth of 24.2% from the May 31st total of 41,400 shares. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is currently 3.2 days.

First Citizens BancShares Trading Up 0.9 %

First Citizens BancShares stock traded up $0.20 during mid-day trading on Tuesday, hitting $22.12. The company had a trading volume of 17,834 shares, compared to its average volume of 17,803. First Citizens BancShares has a 12 month low of $18.91 and a 12 month high of $23.61. The stock’s 50 day moving average price is $22.46 and its two-hundred day moving average price is $22.50.

First Citizens BancShares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.3516 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.41 annualized dividend and a yield of 6.36%.

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.