Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Decreases By 22.2%

Posted by Cynthia Vaughn on Feb 17th, 2025

First Citizens BancShares, Inc. (NASDAQ:FCNCO – Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 15,400 shares, a drop of 22.2% from the January 15th total of 19,800 shares. Based on an average daily volume of 17,500 shares, the short-interest ratio is currently 0.9 days.

First Citizens BancShares Stock Performance

NASDAQ FCNCO traded up $0.18 on Monday, reaching $22.77. The stock had a trading volume of 9,246 shares, compared to its average volume of 19,398. The firm has a fifty day moving average of $22.82 and a two-hundred day moving average of $23.47. First Citizens BancShares has a 1-year low of $21.28 and a 1-year high of $24.83.

First Citizens BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.3516 dividend. This represents a $1.41 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Friday, February 28th.

First Citizens BancShares Company Profile

(Get Free Report)

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.