Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Expands By 121.1%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 15,916 shares, a growth of 121.1% from the April 15th total of 7,199 shares. Based on an average daily trading volume, of 12,157 shares, the days-to-cover ratio is presently 1.3 days.

First Citizens BancShares Stock Performance

First Citizens BancShares stock opened at $21.35 on Friday. First Citizens BancShares has a fifty-two week low of $20.89 and a fifty-two week high of $23.91. The firm’s 50-day simple moving average is $21.69 and its 200 day simple moving average is $21.96.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.3516 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.41 annualized dividend and a yield of 6.6%.

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.