First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Up 294.4% in August

First Citizens BancShares, Inc. (NASDAQ:FCNCO) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 7,100 shares, an increase of 294.4% from the August 15th total of 1,800 shares. Based on an average daily trading volume, of 22,500 shares, the days-to-cover ratio is currently 0.3 days.

First Citizens BancShares Trading Up 0.5 %

FCNCO traded up $0.12 during trading on Friday, hitting $24.02. The company’s stock had a trading volume of 18,478 shares, compared to its average volume of 17,516. The firm’s 50 day moving average price is $22.93 and its 200-day moving average price is $22.73. First Citizens BancShares has a twelve month low of $18.91 and a twelve month high of $24.08.

First Citizens BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.3516 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.41 dividend on an annualized basis and a yield of 5.85%.

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.