Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Drops By 58.3%

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

First Citizens BancShares Stock Down 0.9 %

NASDAQ:FCNCO traded down $0.21 during trading hours on Friday, hitting $22.18. The company had a trading volume of 14,232 shares, compared to its average volume of 18,030. First Citizens BancShares has a 1 year low of $21.17 and a 1 year high of $24.83. The company has a 50-day moving average of $23.54 and a 200 day moving average of $23.35.

First Citizens BancShares Dividend Announcement

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