First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Up 104.9% in December

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 5,360 shares, a growth of 104.9% from the December 15th total of 2,616 shares. Based on an average daily trading volume, of 23,656 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 23,656 shares, the short-interest ratio is presently 0.2 days.

First Citizens BancShares Price Performance

Shares of NASDAQ:FCNCO opened at $21.89 on Thursday. The company’s 50-day moving average price is $21.82 and its two-hundred day moving average price is $22.46. First Citizens BancShares has a one year low of $20.57 and a one year high of $23.91.

First Citizens BancShares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.3516 per share. The ex-dividend date was Friday, November 28th. This is a boost from First Citizens BancShares’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 6.4%.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full-service commercial bank headquartered in Raleigh, North Carolina. Established in 1898, the company operates a network of branches across the United States, with a strong presence in the Southeast, Mid-Atlantic and select Western markets. As a publicly traded company listed on NASDAQ under the ticker FCNCO, First Citizens BancShares serves both retail and institutional clients through a diversified platform of banking services.

The company’s core business activities include deposit taking, commercial and consumer lending, and mortgage origination.