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

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

First Citizens BancShares Stock Performance

FCNCO opened at $22.11 on Monday. First Citizens BancShares has a 52 week low of $21.28 and a 52 week high of $24.83. The stock’s fifty day moving average is $22.81 and its two-hundred day moving average is $23.39.

First Citizens BancShares Dividend Announcement

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

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.