First Citizens BancShares, Inc. (NASDAQ:FCNCP) Sees Significant Growth in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,433 shares, a growth of 76.7% from the May 31st total of 7,037 shares. Based on an average daily trading volume, of 11,105 shares, the short-interest ratio is presently 1.1 days.

First Citizens BancShares Price Performance

FCNCP stock opened at $19.92 on Thursday. The business has a 50 day moving average of $20.58 and a 200-day moving average of $20.90. First Citizens BancShares has a 12-month low of $19.67 and a 12-month high of $22.93.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.3359 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was 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.