First Carolina Financial Services (NYSE:FCBM) Stock Rating Upgraded by Zacks Research

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

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

Insiders Place Their Bets

In other news, Director Charles Austin Robbins, Jr. bought 14,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $12.50 per share, with a total value of $175,000.00. Following the transaction, the director directly owned 369,492 shares in the company, valued at $4,618,650. This represents a 3.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Lucas, Jr. bought 3,180 shares of First Carolina Financial Services stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $12.50 per share, with a total value of $39,750.00. Following the completion of the acquisition, the director owned 52,860 shares of the company’s stock, valued at $660,750. This represents a 6.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 116,655 shares of company stock worth $1,458,258 in the last ninety days.