First Citizens BancShares, Inc. (NASDAQ:FCNCP) Sees Significant Growth in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 20,842 shares, an increase of 231.1% from the October 15th total of 6,294 shares. Based on an average trading volume of 27,649 shares, the short-interest ratio is presently 0.8 days.

First Citizens BancShares Price Performance

First Citizens BancShares stock traded down $0.01 during midday trading on Thursday, hitting $17.53. The company’s stock had a trading volume of 20,505 shares, compared to its average volume of 18,613. First Citizens BancShares has a 12 month low of $17.36 and a 12 month high of $22.37. The stock’s 50-day moving average price is $18.36 and its 200-day moving average price is $20.15.

First Citizens BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.3359 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.34 annualized dividend and a yield of 7.7%.

First Citizens BancShares Company Profile

First Citizens BancShares is a financial holding company headquartered in Raleigh, North Carolina, and the parent company of First-Citizens Bank & Trust Company. Its banking businesses serve individuals, businesses and commercial clients across the United States. The company provides deposit accounts, consumer and commercial lending, treasury and cash-management services, and wealth management. Through its specialized businesses, it also serves technology and life-sciences companies, offers equipment financing and asset-based lending, and provides other commercial banking services.