First Carolina Financial Services (NYSE:FCBM) Upgraded at Hovde Group

Hovde Group upgraded shares of First Carolina Financial Services (NYSE:FCBM) from a market perform rating to an outperform rating in a report released on Monday morning, MarketBeat Ratings reports. Hovde Group currently has $15.00 target price on the stock, up from their prior target price of $14.00.

Several other research firms have also recently weighed in on FCBM. Zacks Research upgraded shares of First Carolina Financial Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Raymond James Financial began 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 price objective for the company. Finally, Weiss Ratings began coverage on shares of First Carolina Financial Services in a research note on Monday, September 14th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

First Carolina Financial Services Trading Up 1.3%

Shares of First Carolina Financial Services stock opened at $13.47 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $12.80. First Carolina Financial Services has a 12-month low of $12.17 and a 12-month high of $13.69.

First Carolina Financial Services (NYSE:FCBM) last posted its earnings results on Tuesday, October 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $34.78 million during the quarter. On average, research analysts anticipate that First Carolina Financial Services will post 0.97 earnings per share for the current year.

About First Carolina Financial Services

First Carolina Financial Services, Inc is a bank holding company for First Carolina Bank, a community banking institution headquartered in North Carolina. Through its banking subsidiary, the company provides financial services to individuals, families, small businesses and commercial customers in the communities it serves.

First Carolina Bank’s products and services generally include checking and savings accounts, certificates of deposit, consumer loans, residential and commercial real estate financing, business lending and related cash-management services.