First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Down 70.8% in April

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 7,199 shares, a decline of 70.8% from the March 31st total of 24,690 shares. Based on an average daily volume of 8,502 shares, the short-interest ratio is currently 0.8 days.

First Citizens BancShares Trading Up 0.3%

NASDAQ FCNCO traded up $0.06 on Friday, reaching $21.64. 2,141 shares of the stock traded hands, compared to its average volume of 14,788. The company has a fifty day moving average price of $22.06 and a 200-day moving average price of $22.06. First Citizens BancShares has a 12 month low of $20.57 and a 12 month high of $23.91.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.3516 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.41 dividend on an annualized basis and a yield of 6.5%.

About First Citizens BancShares

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.