First Citizens BancShares, Inc. (NASDAQ:FCNCP) Short Interest Update

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 80,985 shares, a growth of 352.7% from the December 15th total of 17,891 shares. Based on an average daily trading volume, of 66,319 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 66,319 shares, the days-to-cover ratio is presently 1.2 days.

First Citizens BancShares Stock Up 0.5%

Shares of FCNCP stock traded up $0.10 on Tuesday, reaching $20.59. The company had a trading volume of 10,564 shares, compared to its average volume of 23,725. The business’s 50-day moving average is $21.15 and its 200 day moving average is $21.59. First Citizens BancShares has a one year low of $19.30 and a one year high of $23.50.

First Citizens BancShares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a $0.3359 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.34 annualized dividend and a yield of 6.5%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc, headquartered in Raleigh, North Carolina, is a bank holding company and the parent of First Citizens Bank & Trust Company. Established in 1898, the institution has maintained a family‐controlled ownership structure, with members of the Holding family continuing to guide its strategic direction. Over more than a century of operation, First Citizens has built a reputation for conservative management and a focus on customer relationships.

The company’s core business activities encompass retail and commercial banking services.