Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Decreases By 34.6%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 17,200 shares, a decline of 34.6% from the October 15th total of 26,300 shares. Based on an average daily volume of 20,800 shares, the short-interest ratio is currently 0.8 days.

First Citizens BancShares Price Performance

NASDAQ FCNCO traded up $0.09 on Friday, reaching $23.81. The stock had a trading volume of 1,124 shares, compared to its average volume of 18,305. First Citizens BancShares has a 12-month low of $20.21 and a 12-month high of $24.83. The business’s 50-day moving average price is $24.30 and its 200 day moving average price is $23.25.

First Citizens BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.3516 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.41 annualized dividend and a yield of 5.91%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.