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

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 48,563 shares, a decline of 31.8% from the February 26th total of 71,157 shares. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is presently 4.7 days.

First Citizens BancShares Stock Performance

Shares of First Citizens BancShares stock traded down $0.18 on Friday, reaching $21.17. 13,750 shares of the stock were exchanged, compared to its average volume of 15,877. The firm’s 50 day moving average is $22.29 and its 200-day moving average is $22.19. First Citizens BancShares has a one year low of $20.57 and a one year high of $23.91.

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.3516 per share. The ex-dividend date was Friday, February 27th. This represents a $1.41 annualized dividend and a yield of 6.6%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full-service commercial bank headquartered in Raleigh, North Carolina. Established in 1898, the company operates a network of branches across the United States, with a strong presence in the Southeast, Mid-Atlantic and select Western markets. As a publicly traded company listed on NASDAQ under the ticker FCNCO, First Citizens BancShares serves both retail and institutional clients through a diversified platform of banking services.

The company’s core business activities include deposit taking, commercial and consumer lending, and mortgage origination.