First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Down 55.4% in December

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 2,616 shares, a drop of 55.4% from the November 30th total of 5,869 shares. Based on an average daily trading volume, of 19,837 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 19,837 shares, the days-to-cover ratio is presently 0.1 days.

First Citizens BancShares Trading Up 0.1%

First Citizens BancShares stock traded up $0.02 during trading hours on Friday, hitting $21.17. The stock had a trading volume of 832 shares, compared to its average volume of 16,465. The company has a 50-day moving average of $22.12 and a two-hundred day moving average of $22.57. First Citizens BancShares has a fifty-two week low of $20.57 and a fifty-two week high of $23.91.

First Citizens BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.3516 per share. This is an increase from First Citizens BancShares’s previous quarterly dividend of $0.35. This represents a $1.41 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Friday, November 28th.

About First Citizens BancShares

First Citizens BancShares, Inc is the bank holding company for First Citizens Bank, a full-service commercial bank headquartered in Raleigh, North Carolina. Established in 1898, the company operates a network of branches across the United States, with a strong presence in the Southeast, Mid-Atlantic and select Western markets. As a publicly traded company listed on NASDAQ under the ticker FCNCO, First Citizens BancShares serves both retail and institutional clients through a diversified platform of banking services.

The company’s core business activities include deposit taking, commercial and consumer lending, and mortgage origination.