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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 11,929 shares, a drop of 70.6% from the July 15th total of 40,549 shares. Based on an average daily trading volume, of 12,512 shares, the short-interest ratio is presently 1.0 days.

First Citizens BancShares Price Performance

NASDAQ:FCNCP traded up $0.03 during trading hours on Friday, hitting $19.95. 34,548 shares of the company’s stock traded hands, compared to its average volume of 17,014. First Citizens BancShares has a 52 week low of $19.67 and a 52 week high of $22.93. The business’s fifty day simple moving average is $20.18 and its two-hundred day simple moving average is $20.83.

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.3359 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.34 annualized dividend and a dividend yield of 6.7%.

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.