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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 18,200 shares, an increase of 27.3% from the April 30th total of 14,300 shares. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is currently 0.6 days.

First Citizens BancShares Trading Down 2.2%

Shares of NASDAQ:FCNCP opened at $20.31 on Tuesday. The firm’s fifty day moving average is $20.75 and its 200-day moving average is $21.98. First Citizens BancShares has a 52 week low of $19.30 and a 52 week high of $24.42.

First Citizens BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.3359 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.62%.

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.