First Citizens BancShares, Inc. (NASDAQ:FCNCO) Stock Short Interest Falls 68.7%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,249 shares, a decrease of 68.7% from the August 31st total of 16,765 shares. Based on an average daily volume of 23,151 shares, the days-to-cover ratio is presently 0.2 days.

First Citizens BancShares Price Performance

Shares of FCNCO remained flat at $19.55 during trading hours on Friday. 14,302 shares of the stock traded hands, compared to its average volume of 15,434. The company has a 50-day moving average price of $20.38 and a 200 day moving average price of $20.92. First Citizens BancShares has a 52-week low of $19.52 and a 52-week high of $23.43.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $0.3516 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Monday, August 31st.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc is the bank holding company for First-Citizens Bank & Trust Company, commonly known as First Citizens Bank. The company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities through a network of branches, digital banking channels and other financial-service offices.

Its offerings include deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury and cash-management services, investment and wealth-management solutions, and other financial products.