First Citizens BancShares, Inc. (NASDAQ:FCNCO) Short Interest Down 34.6% in October

Posted by Faye Duncan on Nov 15th, 2024

First Citizens BancShares, Inc. (NASDAQ:FCNCO – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 17,200 shares, a decrease of 34.6% from the October 15th total of 26,300 shares. Based on an average daily volume of 20,800 shares, the days-to-cover ratio is currently 0.8 days.

First Citizens BancShares Stock Performance

FCNCO stock traded down $0.08 during mid-day trading on Thursday, hitting $23.70. The company had a trading volume of 13,810 shares, compared to its average volume of 18,382. First Citizens BancShares has a 12 month low of $20.18 and a 12 month high of $24.83. The stock’s fifty day moving average price is $24.29 and its two-hundred day moving average price is $23.23.

First Citizens BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Friday, November 29th.

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.