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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 12,800 shares, a growth of 6.7% from the December 31st 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 Price Performance

Shares of NASDAQ FCNCP opened at $22.34 on Tuesday. The stock’s 50-day moving average is $22.69 and its 200 day moving average is $22.94. First Citizens BancShares has a 1-year low of $20.79 and a 1-year high of $24.42.

First Citizens BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.3359 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.02%.

About First Citizens BancShares

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.