First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Up 42.1% in February

First Citizens BancShares, Inc. (NASDAQ:FCNCO) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 10,800 shares, an increase of 42.1% from the February 13th total of 7,600 shares. Based on an average daily trading volume, of 16,100 shares, the days-to-cover ratio is currently 0.7 days.

First Citizens BancShares Stock Down 0.0 %

FCNCO stock traded down $0.01 during midday trading on Monday, hitting $22.97. 6,289 shares of the stock traded hands, compared to its average volume of 15,539. First Citizens BancShares has a 1-year low of $21.28 and a 1-year high of $24.83. The stock’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $23.44.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a yield of 6.12%. The ex-dividend date is 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.