First Carolina Financial Services (NYSE:FCBM) Upgraded to Strong-Buy at Zacks Research

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

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

First Carolina Financial Services Stock Down 0.6%

Shares of First Carolina Financial Services stock opened at $12.68 on Tuesday. The business’s fifty day moving average is $12.71. The firm has a market capitalization of $393.97 million and a PE ratio of 63.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. First Carolina Financial Services has a 12 month low of $12.17 and a 12 month high of $13.40.

First Carolina Financial Services (NYSE:FCBM) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $32.26 million for the quarter. Analysts expect that First Carolina Financial Services will post 0.95 EPS for the current fiscal year.

First Carolina Financial Services Company Profile

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.