First Citizens BancShares, Inc. (NASDAQ:FCNCP) Sees Large Decrease in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 8,308 shares, a drop of 46.2% from the January 29th total of 15,430 shares. Based on an average daily volume of 12,595 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 12,595 shares, the days-to-cover ratio is currently 0.7 days.

First Citizens BancShares Stock Performance

First Citizens BancShares stock traded down $0.55 during trading hours on Friday, reaching $21.54. 59,181 shares of the company’s stock traded hands, compared to its average volume of 22,212. First Citizens BancShares has a fifty-two week low of $19.30 and a fifty-two week high of $23.50. The firm’s 50 day moving average is $20.96 and its 200-day moving average is $21.61.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.3359 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.34 dividend on an annualized basis and a yield of 6.2%.

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.