First Citizens BancShares, Inc. (NASDAQ:FCNCP) Short Interest Up 6.7% in January

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 12,800 shares, a growth of 6.7% from the December 31st total of 12,000 shares. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is presently 0.9 days.

First Citizens BancShares Price Performance

Shares of FCNCP opened at $22.34 on Tuesday. First Citizens BancShares has a 52-week low of $20.79 and a 52-week high of $24.42. The stock’s 50-day simple moving average is $22.69 and its 200 day simple moving average is $22.94.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.3359 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.02%.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.