Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Drops By 41.2%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 9,272 shares, a decrease of 41.2% from the April 15th total of 15,756 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is presently 1.2 days.

First Citizens BancShares Stock Down 1.4%

Shares of NASDAQ:FCNCP traded down $0.30 during midday trading on Friday, reaching $20.60. The company’s stock had a trading volume of 11,532 shares, compared to its average volume of 19,028. First Citizens BancShares has a twelve month low of $19.97 and a twelve month high of $22.93. The stock has a fifty day moving average of $21.30 and a 200 day moving average of $21.28.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.3359 per share. This represents a $1.34 annualized dividend and a yield of 6.5%. The ex-dividend date is 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.