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

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

Several other analysts have also commented on the stock. Weiss Ratings started coverage on shares of First Carolina Financial Services in a report on Monday, September 14th. They issued a “sell (e)” rating for the company. Raymond James Financial began coverage on 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 First Carolina Financial Services to a “hold” rating in a research report on Saturday, June 27th. Finally, Hovde Group assumed coverage on First Carolina Financial Services in a research report on Friday, July 17th. They issued a “market perform” rating and a $14.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.50.

First Carolina Financial Services Trading Down 0.6%

Shares of NYSE FCBM opened at $12.68 on Tuesday. The stock has a fifty day moving average of $12.71. First Carolina Financial Services has a 12 month low of $12.17 and a 12 month high of $13.40. 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 company has a market cap of $393.97 million and a price-to-earnings ratio of 63.40.

First Carolina Financial Services (NYSE:FCBM) last announced its earnings results on Thursday, July 30th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $32.26 million for the quarter. On average, sell-side analysts predict that First Carolina Financial Services will post 0.95 earnings per share for the current year.

First Carolina Financial Services Company Profile

First Carolina Financial Services, Inc is a bank holding company associated with First Carolina Bank, a community banking institution based in North Carolina. The company focuses on serving businesses, individuals and organizations through relationship-oriented banking services.

First Carolina Bank’s offerings include business and personal checking and savings accounts, commercial and consumer lending, mortgage-related financing, cash-management services, online and mobile banking, and other traditional banking products.