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

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 25,513 shares, an increase of 129.3% from the January 29th total of 11,125 shares. Based on an average daily trading volume, of 11,142 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 11,142 shares, the days-to-cover ratio is currently 2.3 days.

First Citizens BancShares Stock Performance

NASDAQ:FCNCO opened at $23.27 on Friday. The company has a fifty day simple moving average of $22.00 and a two-hundred day simple moving average of $22.37. First Citizens BancShares has a 52 week low of $20.57 and a 52 week high of $23.91.

First Citizens BancShares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, February 27th.

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.