First Carolina Financial Services (NYSE:FCBM) Raised to “Hold” at Zacks Research

First Carolina Financial Services (NYSE:FCBM) was upgraded by stock analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Raymond James Financial started coverage on First Carolina Financial Services in a report on Monday. They issued an “outperform” rating and a $15.00 target price for the company. Wall Street Zen upgraded First Carolina Financial Services to a “hold” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

First Carolina Financial Services Price Performance

Shares of NYSE:FCBM opened at $12.79 on Tuesday. First Carolina Financial Services has a 1 year low of $12.50 and a 1 year high of $13.40.

Insider Activity at First Carolina Financial Services

In other news, Director John Jethro Ferebee, Jr. bought 7,100 shares of First Carolina Financial Services stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $12.51 per share, for a total transaction of $88,821.00. Following the purchase, the director directly owned 7,100 shares in the company, valued at approximately $88,821. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Lucas, Jr. bought 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $12.50 per share, with a total value of $200,000.00. Following the completion of the transaction, the director directly owned 439,884 shares in the company, valued at $5,498,550. This represents a 3.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 116,655 shares of company stock worth $1,458,258.