Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Declines By 25.1%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 62,800 shares, a decrease of 25.1% from the May 15th total of 83,800 shares. Based on an average trading volume of 16,500 shares, the short-interest ratio is presently 3.8 days.

First Citizens BancShares Stock Up 0.9%

NASDAQ FCNCO opened at $22.43 on Friday. First Citizens BancShares has a 52 week low of $20.57 and a 52 week high of $24.83. The firm’s 50-day simple moving average is $22.03 and its two-hundred day simple moving average is $22.44.

First Citizens BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Friday, May 30th.

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.