Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Drops By 70.6%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,929 shares, a drop of 70.6% from the July 15th total of 40,549 shares. Based on an average daily trading volume, of 12,512 shares, the short-interest ratio is currently 1.0 days.

First Citizens BancShares Trading Up 0.5%

Shares of FCNCP stock traded up $0.10 on Friday, reaching $20.02. 10,343 shares of the stock were exchanged, compared to its average volume of 16,858. First Citizens BancShares has a one year low of $19.67 and a one year high of $22.93. The stock has a 50 day moving average price of $20.18 and a 200 day moving average price of $20.83.

First Citizens BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.3359 per share. This represents a $1.34 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, August 31st.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc, headquartered in Raleigh, North Carolina, is a bank holding company and the parent of First Citizens Bank & Trust Company. Established in 1898, the institution has maintained a family?controlled ownership structure, with members of the Holding family continuing to guide its strategic direction. Over more than a century of operation, First Citizens has built a reputation for conservative management and a focus on customer relationships.

The company’s core business activities encompass retail and commercial banking services.