First Citizens BancShares, Inc. (NASDAQ:FCNCO) Sees Large Decrease in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 11,500 shares, a decline of 58.3% from the November 30th total of 27,600 shares. Based on an average trading volume of 17,100 shares, the short-interest ratio is currently 0.7 days.

First Citizens BancShares Price Performance

First Citizens BancShares stock traded down $0.21 during trading hours on Friday, reaching $22.18. The company had a trading volume of 14,232 shares, compared to its average volume of 18,027. First Citizens BancShares has a 12-month low of $21.17 and a 12-month high of $24.83. The company has a 50-day moving average price of $23.58 and a 200 day moving average price of $23.34.

First Citizens BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.3516 per share. The ex-dividend date was Friday, November 29th. This represents a $1.41 dividend on an annualized basis and a yield of 6.34%.

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.