First Citizens BancShares, Inc. (NASDAQ:FCNCO) Sees Significant Decline in Short Interest

by · The Cerbat Gem

First Citizens BancShares, Inc. (NASDAQ:FCNCO – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 24,690 shares, a decline of 49.2% from the March 15th total of 48,563 shares. Based on an average daily volume of 16,789 shares, the days-to-cover ratio is presently 1.5 days.

First Citizens BancShares Trading Up 0.7%

FCNCO stock traded up $0.14 during midday trading on Monday, reaching $21.66. 3,158 shares of the company were exchanged, compared to its average volume of 15,785. The business has a 50-day moving average price of $22.14 and a two-hundred day moving average price of $22.11. First Citizens BancShares has a one year low of $20.57 and a one year high of $23.91.

First Citizens BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.3516 per share. This represents a $1.41 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Friday, February 27th.

First Citizens BancShares Company Profile

(Get Free Report)

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.

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