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

First Carolina Financial Services (NYSE:FCBM) was upgraded by Hovde Group to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

FCBM has been the topic of a number of other research reports. Zacks Research upgraded shares of First Carolina Financial Services to a “hold” rating in a research report on Tuesday, July 14th. Raymond James Financial initiated 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 target for the company. Finally, Wall Street Zen upgraded First Carolina Financial Services to a “hold” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.50.

First Carolina Financial Services Stock Performance

Shares of First Carolina Financial Services 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 Buying and Selling at First Carolina Financial Services

In other First Carolina Financial Services news, Director John Walter Gussenhoven bought 16,000 shares of First Carolina Financial Services stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $12.50 per share, with a total value of $200,000.00. Following the acquisition, the director directly owned 334,016 shares of the company’s stock, valued at $4,175,200. The trade was a 5.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory Everette Floyd purchased 9,875 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $12.50 per share, with a total value of $123,437.50. Following the completion of the transaction, the director owned 43,375 shares in the company, valued at approximately $542,187.50. This trade represents a 29.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 116,655 shares of company stock worth $1,458,258 over the last quarter.