First Carolina Financial Services (NYSE:FCBM) Upgraded by Hovde Group to Hold Rating

Hovde Group upgraded shares of First Carolina Financial Services (NYSE:FCBM) to a hold rating in a report issued on Friday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Zacks Research upgraded First Carolina Financial Services to a “hold” rating in a research note on Tuesday. Raymond James Financial assumed coverage on shares of First Carolina Financial Services in a report on Monday, July 13th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Wall Street Zen upgraded shares of First Carolina Financial Services to a “hold” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, First Carolina Financial Services has a consensus rating of “Hold” and an average price target of $14.50.

First Carolina Financial Services Trading Down 0.2%

FCBM stock opened at $12.78 on Friday. First Carolina Financial Services has a 1-year low of $12.50 and a 1-year high of $13.40.

Insider Activity

In other news, Director John Jethro Ferebee, Jr. acquired 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was bought 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 in the company, valued at $88,821. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory Everette Floyd acquired 18,750 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $12.50 per share, for a total transaction of $234,375.00. Following the completion of the purchase, the director directly owned 152,990 shares in the company, valued at $1,912,375. This trade represents a 13.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 116,655 shares of company stock worth $1,458,258.