Zacks Research upgraded shares of First Carolina Financial Services (NYSE:FCBM – Free Report) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
FCBM has been the subject of several other research reports. Raymond James Financial began coverage on shares of First Carolina Financial Services in a research report on Monday. They issued an “outperform” rating and a $15.00 target price for the company. Wall Street Zen raised shares of First Carolina Financial Services to a “hold” rating in a research report on Saturday, June 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.
View Our Latest Report on FCBM
First Carolina Financial Services Stock Performance
Insider Activity
In other First Carolina Financial Services news, Director James A. Lucas, Jr. bought 16,000 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of $12.50 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the director directly owned 439,884 shares in the company, valued at approximately $5,498,550. This trade represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Jethro Ferebee, Jr. bought 7,100 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of $12.51 per share, for a total transaction of $88,821.00. Following the completion of the acquisition, the director directly owned 7,100 shares of the company’s stock, valued at $88,821. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 116,655 shares of company stock valued at $1,458,258 over the last three months.
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