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

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

First Citizens BancShares Trading Up 0.5%

Shares of NASDAQ:FCNCP traded up $0.10 during trading on Tuesday, reaching $20.59. The stock had a trading volume of 10,564 shares, compared to its average volume of 23,725. First Citizens BancShares has a 52 week low of $19.30 and a 52 week high of $23.50. The firm’s fifty day moving average is $21.15 and its 200 day moving average is $21.59.

First Citizens BancShares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a dividend of $0.3359 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.34 dividend on an annualized basis and a yield of 6.5%.

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.