Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Rises By 316.7%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 2,500 shares, a growth of 316.7% from the June 15th total of 600 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is currently 0.2 days.

First Citizens BancShares Trading Up 2.9 %

NASDAQ:FCNCP traded up $0.64 during trading hours on Thursday, reaching $22.75. The company’s stock had a trading volume of 16,893 shares, compared to its average volume of 21,695. First Citizens BancShares has a one year low of $18.69 and a one year high of $23.03. The business’s 50-day moving average is $21.90 and its 200-day moving average is $21.67.

First Citizens BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.3359 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from First Citizens BancShares’s previous quarterly dividend of $0.34. This represents a $1.34 dividend on an annualized basis and a yield of 5.91%.

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.