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

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 51,400 shares, an increase of 24.2% from the May 31st total of 41,400 shares. Based on an average daily volume of 16,200 shares, the short-interest ratio is currently 3.2 days.

First Citizens BancShares Price Performance

Shares of First Citizens BancShares stock traded up $0.16 during trading hours on Tuesday, reaching $22.08. 17,834 shares of the company’s stock were exchanged, compared to its average volume of 17,803. The business has a fifty day moving average of $22.46 and a two-hundred day moving average of $22.50. First Citizens BancShares has a 1 year low of $18.91 and a 1 year high of $23.61.

First Citizens BancShares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a dividend of $0.3516 per share. This represents a $1.41 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend was Friday, May 31st.

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.