First Carolina Financial Services, Inc. (NYSE:FCBM) Short Interest Up ∞ in June

First Carolina Financial Services, Inc. (NYSE:FCBMGet Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,175 shares, an increase of ∞ from the June 15th total of 0 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 146,922 shares, the short-interest ratio is presently 0.0 days.

First Carolina Financial Services Stock Down 0.2%

Shares of FCBM traded down $0.02 on Friday, reaching $12.78. 37,722 shares of the company’s stock traded hands, compared to its average volume of 105,612. First Carolina Financial Services has a 52-week low of $12.50 and a 52-week high of $13.40.

Insiders Place Their Bets

In other news, Director James A. Lucas, Jr. acquired 3,180 shares of First Carolina Financial Services stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of $12.50 per share, with a total value of $39,750.00. Following the completion of the purchase, the director owned 52,860 shares of the company’s stock, valued at approximately $660,750. The trade was a 6.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Jethro Ferebee, Jr. acquired 7,100 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average price of $12.51 per share, with a total value of $88,821.00. Following the acquisition, the director owned 7,100 shares of the company’s stock, valued at approximately $88,821. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 116,655 shares of company stock worth $1,458,258 over the last three months.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FCBM. Raymond James Financial assumed coverage on shares of First Carolina Financial Services in a report on Monday. They set an “outperform” rating and a $15.00 price objective on the stock. Zacks Research upgraded First Carolina Financial Services to a “hold” rating in a research note on Tuesday. Hovde Group started coverage on First Carolina Financial Services in a research note on Friday. They issued a “market perform” rating and a $14.00 price objective for the company. Finally, Wall Street Zen upgraded First Carolina Financial Services to a “hold” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, First Carolina Financial Services currently has an average rating of “Hold” and an average price target of $14.50.

Read Our Latest Report on FCBM

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