First Citizens BancShares, Inc. (NASDAQ:FCNCO) Stock Short Interest Drops 56.6%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,900 shares, a decline of 56.6% from the September 30th total of 6,689 shares. Based on an average daily volume of 24,920 shares, the short-interest ratio is currently 0.1 days.

First Citizens BancShares Stock Performance

Shares of FCNCO stock traded down $0.02 during trading hours on Friday, reaching $18.20. 21,672 shares of the company’s stock were exchanged, compared to its average volume of 16,322. First Citizens BancShares has a 1 year low of $17.93 and a 1 year high of $23.43. The company’s 50 day moving average is $19.38 and its two-hundred day moving average is $20.91.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.3516 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.41 dividend on an annualized basis and a yield of 7.7%.

About First Citizens BancShares

First Citizens BancShares, Inc is the parent company of First-Citizens Bank & Trust Company, a full-service commercial bank headquartered in Raleigh, North Carolina. The bank provides deposit accounts, consumer and business lending, mortgage services, credit cards, cash-management and treasury services, and other financial products to individuals, businesses, nonprofit organizations and institutions.

Through its banking operations, First Citizens serves customers across a broad U.S.