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

Zacks Research upgraded shares of First Carolina Financial Services (NYSE:FCBM) to a hold rating in a report released on Tuesday,Zacks.com reports.

FCBM has been the topic of a number of other reports. Wall Street Zen upgraded shares of First Carolina Financial Services to a “hold” rating in a report on Saturday, June 27th. Raymond James Financial initiated coverage on shares of First Carolina Financial Services in a research report on Monday. They issued an “outperform” rating and a $15.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

First Carolina Financial Services Stock Performance

FCBM opened at $12.77 on Tuesday. First Carolina Financial Services has a 1 year low of $12.50 and a 1 year high of $13.40.

Insider Activity

In other First Carolina Financial Services news, Director Charles Austin Robbins, Jr. bought 14,000 shares of First Carolina Financial Services stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average cost of $12.50 per share, with a total value of $175,000.00. Following the transaction, the director directly owned 369,492 shares of the company’s stock, valued at approximately $4,618,650. This represents a 3.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Jethro Ferebee, Jr. bought 7,100 shares of First Carolina Financial Services stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average cost of $12.51 per share, for a total transaction of $88,821.00. Following the completion of the transaction, the director directly owned 7,100 shares in the company, valued at $88,821. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 116,655 shares of company stock worth $1,458,258 over the last quarter.