First Citizens BancShares, Inc. (NASDAQ:FCNCO) Sees Significant Drop in Short Interest

Posted by Caroline Horne on Nov 16th, 2024

First Citizens BancShares, Inc. (NASDAQ:FCNCO – Get Free Report) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 17,200 shares, a drop of 34.6% from the October 15th total of 26,300 shares. Based on an average daily trading volume, of 20,800 shares, the short-interest ratio is presently 0.8 days.

First Citizens BancShares Trading Up 0.4 %

First Citizens BancShares stock traded up $0.09 during midday trading on Friday, reaching $23.81. 1,124 shares of the company were exchanged, compared to its average volume of 18,305. The firm’s 50-day simple moving average is $24.30 and its 200-day simple moving average is $23.25. First Citizens BancShares has a 1 year low of $20.21 and a 1 year high of $24.83.

First Citizens BancShares Dividend Announcement

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

First Citizens BancShares Company Profile

(Get Free Report)

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.