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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 12,800 shares, a growth of 6.7% from the December 15th total of 12,000 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 0.9 days.

First Citizens BancShares Stock Performance

Shares of NASDAQ FCNCP traded down $0.32 during mid-day trading on Monday, reaching $22.06. 19,927 shares of the company were exchanged, compared to its average volume of 13,721. First Citizens BancShares has a twelve month low of $20.38 and a twelve month high of $24.42. The company’s 50-day simple moving average is $22.81 and its 200-day simple moving average is $22.96.

First Citizens BancShares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.3359 dividend. This represents a $1.34 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Friday, November 29th.

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.