First Carolina Financial Services (NYSE:FCBM) Upgraded at Zacks Research

Zacks Research upgraded shares of First Carolina Financial Services (NYSE:FCBM – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks reports.

Several other research analysts have also recently issued reports on FCBM. Raymond James Financial started coverage on First Carolina Financial Services in a research report on Monday, July 13th. They set an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of First Carolina Financial Services to a “hold” rating in a research note on Saturday, June 27th. Hovde Group assumed coverage on shares of First Carolina Financial Services in a report on Friday, July 17th. They issued a “market perform” rating and a $14.00 target price for the company. Finally, Weiss Ratings initiated coverage on shares of First Carolina Financial Services in a research report on Monday, September 14th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

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First Carolina Financial Services Trading Up 0.8%

FCBM opened at $12.78 on Tuesday. First Carolina Financial Services has a 1-year low of $12.17 and a 1-year high of $13.40. The firm has a market capitalization of $397.07 million and a P/E ratio of 63.90. The business’s fifty day simple moving average is $12.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.

First Carolina Financial Services (NYSE:FCBM – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $32.26 million for the quarter. As a group, equities analysts forecast that First Carolina Financial Services will post 0.95 earnings per share for the current fiscal year.

First Carolina Financial Services Company Profile

(Get Free Report)

First Carolina Financial Services, Inc is a bank holding company associated with First Carolina Bank, a community banking institution based in North Carolina. The company focuses on serving businesses, individuals and organizations through relationship-oriented banking services.

First Carolina Bank’s offerings include business and personal checking and savings accounts, commercial and consumer lending, mortgage-related financing, cash-management services, online and mobile banking, and other traditional banking products.

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