Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Decreases By 70.6%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,929 shares, a drop of 70.6% from the July 15th total of 40,549 shares. Based on an average trading volume of 12,512 shares, the short-interest ratio is currently 1.0 days.

First Citizens BancShares Stock Down 0.4%

Shares of NASDAQ FCNCP opened at $19.97 on Thursday. First Citizens BancShares has a fifty-two week low of $19.67 and a fifty-two week high of $22.93. The company has a 50 day simple moving average of $20.19 and a two-hundred day simple moving average of $20.84.

First Citizens BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.3359 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 31st.

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.