Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Drops By 41.2%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 9,272 shares, a decline of 41.2% from the April 15th total of 15,756 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is presently 1.2 days.

First Citizens BancShares Price Performance

FCNCP stock traded down $0.09 during trading on Monday, reaching $20.51. 7,819 shares of the stock traded hands, compared to its average volume of 18,906. The business’s 50 day moving average price is $21.30 and its 200-day moving average price is $21.28. First Citizens BancShares has a 52-week low of $19.97 and a 52-week high of $22.93.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, May 29th.

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.