Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCP) Rises By 169.9%

First Citizens BancShares, Inc. (NASDAQ:FCNCP) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 33,557 shares, an increase of 169.9% from the June 15th total of 12,433 shares. Based on an average trading volume of 23,927 shares, the short-interest ratio is currently 1.4 days.

First Citizens BancShares Stock Down 0.4%

NASDAQ:FCNCP opened at $20.25 on Tuesday. The business’s 50-day moving average price is $20.38 and its two-hundred day moving average price is $20.89. First Citizens BancShares has a twelve month low of $19.67 and a twelve month high of $22.93.

First Citizens BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.3359 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.34 annualized dividend and a dividend yield of 6.6%.

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.