Short Interest in First Citizens BancShares, Inc. (NASDAQ:FCNCO) Drops By 42.6%

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 6,200 shares, a decline of 42.6% from the February 28th total of 10,800 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is presently 0.4 days.

First Citizens BancShares Stock Performance

Shares of NASDAQ:FCNCO opened at $22.11 on Friday. First Citizens BancShares has a 12 month low of $21.28 and a 12 month high of $24.83. The company’s fifty day simple moving average is $22.81 and its 200 day simple moving average is $23.39.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.3516 dividend. This represents a $1.41 annualized dividend and a dividend yield of 6.36%. The ex-dividend date of this dividend was Friday, February 28th.

About First Citizens BancShares

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.