Zacks Research Upgrades First Carolina Financial Services (NYSE:FCBM) to Hold

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

Several other research analysts have also recently issued reports on FCBM. Raymond James Financial assumed coverage on shares of First Carolina Financial Services in a report on Monday. They issued an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of 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 stock. According to data from MarketBeat.com, First Carolina Financial Services currently has an average rating of “Moderate Buy” and an average price target of $15.00.

First Carolina Financial Services Stock Performance

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

In other First Carolina Financial Services news, Director James A. Lucas, Jr. acquired 16,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $12.50 per share, for a total transaction of $200,000.00. Following the acquisition, the director owned 439,884 shares in the company, valued at $5,498,550. This represents a 3.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles Austin Robbins, Jr. acquired 14,000 shares of the company’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 $175,000.00. Following the acquisition, the director owned 369,492 shares in the company, valued at approximately $4,618,650. This trade represents a 3.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 116,655 shares of company stock worth $1,458,258 over the last three months.