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

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 13,100 shares, a decrease of 28.0% from the May 15th total of 18,200 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 0.4 days.

First Citizens BancShares Stock Performance

Shares of NASDAQ:FCNCP opened at $21.38 on Friday. First Citizens BancShares has a 12-month low of $19.30 and a 12-month high of $24.42. The business has a 50 day moving average of $20.89 and a 200-day moving average of $21.80.

First Citizens BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.3359 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.34 annualized dividend and a yield of 6.29%.

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.