First Carolina Financial Services (NYSE:FCBM) Upgraded by Hovde Group to Hold Rating

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

FCBM has been the topic of a number of other research reports. Raymond James Financial assumed coverage on shares of First Carolina Financial Services in a report on Monday, July 13th. They set an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen raised shares of First Carolina Financial Services to a “hold” rating in a report on Saturday, June 27th. Finally, Zacks Research upgraded shares of First Carolina Financial Services to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, First Carolina Financial Services presently has a consensus rating of “Hold” and an average price target of $14.50.

First Carolina Financial Services Price Performance

Shares of First Carolina Financial Services stock opened at $12.78 on Friday. First Carolina Financial Services has a 12-month low of $12.50 and a 12-month high of $13.40.

Insider Transactions at First Carolina Financial Services

In other First Carolina Financial Services news, Director Charles Austin Robbins, Jr. purchased 14,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of $12.50 per share, for a total transaction of $175,000.00. Following the transaction, the director owned 369,492 shares in the company, valued at $4,618,650. The trade was a 3.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Walter Gussenhoven purchased 16,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $12.50 per share, with a total value of $200,000.00. Following the transaction, the director owned 334,016 shares in the company, valued at approximately $4,175,200. The trade was a 5.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 116,655 shares of company stock worth $1,458,258.