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

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 23,500 shares, an increase of 104.3% from the December 15th total of 11,500 shares. Based on an average trading volume of 13,300 shares, the short-interest ratio is currently 1.8 days.

First Citizens BancShares Price Performance

NASDAQ:FCNCO traded up $0.11 during trading hours on Thursday, hitting $23.23. 18,133 shares of the company traded hands, compared to its average volume of 15,713. The firm has a 50-day moving average of $23.17 and a 200 day moving average of $23.40. First Citizens BancShares has a twelve month low of $21.28 and a twelve month high of $24.83.

First Citizens BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.3516 dividend. This represents a $1.41 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Friday, November 29th.

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.