First Citizens BancShares, Inc. (NASDAQ:FCNCO) Stock Short Interest Falls 68.7%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,249 shares, a decline of 68.7% from the August 31st total of 16,765 shares. Based on an average daily volume of 23,151 shares, the days-to-cover ratio is presently 0.2 days.

First Citizens BancShares Stock Performance

FCNCO remained flat at $19.55 during trading on Friday. The company had a trading volume of 14,302 shares, compared to its average volume of 15,434. The company has a 50-day simple moving average of $20.38 and a 200-day simple moving average of $20.92. First Citizens BancShares has a twelve month low of $19.52 and a twelve month high of $23.43.

First Citizens BancShares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.3516 per share. The ex-dividend date was Monday, August 31st. This represents a $1.41 annualized dividend and a dividend yield of 7.2%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc is the bank holding company for First-Citizens Bank & Trust Company, commonly known as First Citizens Bank. The company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities through a network of branches, digital banking channels and other financial-service offices.

Its offerings include deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury and cash-management services, investment and wealth-management solutions, and other financial products.