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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 17,891 shares, a growth of 61.3% from the November 30th total of 11,090 shares. Based on an average daily volume of 19,427 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 19,427 shares, the days-to-cover ratio is currently 0.9 days.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCP traded down $0.17 on Friday, hitting $20.15. The company had a trading volume of 56,073 shares, compared to its average volume of 23,745. The stock has a 50 day moving average price of $21.60 and a 200 day moving average price of $21.68. First Citizens BancShares has a 1-year low of $19.30 and a 1-year high of $23.50.

First Citizens BancShares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.3359 dividend. This represents a $1.34 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, November 28th.

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.