First Citizens BancShares, Inc. (NASDAQ:FCNCP) Shares Shorted: Short Interest Up 231.1% in October

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

First Citizens BancShares Trading Down 0.7%

FCNCP traded down $0.12 during trading on Friday, hitting $17.41. The company’s stock had a trading volume of 23,098 shares, compared to its average volume of 18,634. The firm’s 50 day moving average price is $18.31 and its two-hundred day moving average price is $20.13. First Citizens BancShares has a 12 month low of $17.36 and a 12 month high of $22.37.

First Citizens BancShares Announces Dividend

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

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.