First Citizens BancShares, Inc. (NASDAQ:FCNCP) Stock Short Interest Jumps 51.5%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,682 shares, a growth of 51.5% from the August 31st total of 3,090 shares. Based on an average daily volume of 11,108 shares, the days-to-cover ratio is presently 0.4 days.

First Citizens BancShares Trading Up 1.7%

Shares of NASDAQ:FCNCP opened at $18.22 on Thursday. The firm’s 50 day moving average price is $19.66 and its 200-day moving average price is $20.36. First Citizens BancShares has a twelve month low of $17.90 and a twelve month high of $22.84.

First Citizens BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Monday, August 31st.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First-Citizens Bank & Trust Company, commonly known as First Citizens Bank. The company provides personal, business and commercial banking services, including checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury management and deposit products.

Through its banking operations, First Citizens also offers wealth management, investment services, trust and estate planning, equipment financing, capital markets support and other financial services.