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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 33,557 shares, an increase of 169.9% from the June 15th total of 12,433 shares. Based on an average daily volume of 23,927 shares, the short-interest ratio is presently 1.4 days.

First Citizens BancShares Price Performance

Shares of First Citizens BancShares stock traded down $0.04 during trading on Wednesday, hitting $20.30. 2,754 shares of the stock were exchanged, compared to its average volume of 17,877. The firm’s 50-day moving average price is $20.36 and its 200 day moving average price is $20.89. First Citizens BancShares has a 12-month low of $19.67 and a 12-month high of $22.93.

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.3359 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.34 dividend on an annualized basis and a yield of 6.6%.

About First Citizens BancShares

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.