First Citizens BancShares, Inc. (NASDAQ:FCNCO – Get Rating) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,700 shares, a growth of 88.9% from the February 28th total of 900 shares. Based on an average daily trading volume, of 75,500 shares, the short-interest ratio is presently 0.0 days.
First Citizens BancShares Stock Performance
FCNCO traded down $0.07 on Thursday, reaching $21.60. The company's stock had a trading volume of 44,253 shares, compared to its average volume of 79,962. First Citizens BancShares has a 1 year low of $16.58 and a 1 year high of $24.96. The firm has a 50 day moving average of $21.21.
Get First Citizens BancShares alerts:First Citizens BancShares Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were paid a dividend of $0.3516 per share. This represents a $1.41 annualized dividend and a dividend yield of 6.51%. The ex-dividend date was Monday, February 27th.
Insider Transactions at First Citizens BancShares
In related news, CEO Frank B. Holding, Jr. bought 1,020 shares of the company's stock in a transaction that occurred on Friday, February 3rd. The shares were acquired at an average cost of $722.51 per share, for a total transaction of $736,960.20. Following the acquisition, the chief executive officer now owns 93,232 shares in the company, valued at approximately $67,361,052.32. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Frank B. Holding, Jr. purchased 1,020 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was acquired at an average cost of $722.51 per share, with a total value of $736,960.20. Following the acquisition, the chief executive officer now owns 93,232 shares in the company, valued at $67,361,052.32. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Craig L. Nix purchased 70 shares of the company's stock in a transaction that occurred on Thursday, March 2nd. The shares were purchased at an average cost of $710.04 per share, for a total transaction of $49,702.80. Following the purchase, the chief financial officer now directly owns 1,046 shares in the company, valued at $742,701.84. The disclosure for this purchase can be found here. Insiders purchased 1,583 shares of company stock valued at $1,110,798 over the last quarter.
First Citizens BancShares Company Profile
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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.
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