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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 33,557 shares, a growth of 169.9% from the June 15th total of 12,433 shares. Based on an average daily volume of 23,927 shares, the days-to-cover ratio is currently 1.4 days.

First Citizens BancShares Stock Performance

FCNCP opened at $20.25 on Tuesday. The business has a 50 day moving average of $20.38 and a 200-day moving average of $20.89. First Citizens BancShares has a 52 week low of $19.67 and a 52 week high of $22.93.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.3359 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.34 dividend on an annualized basis and a yield of 6.6%.

About First Citizens BancShares

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.