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Four Oaks Fincorp (NASDAQ:FOFN) CEO Ayden R. Lee, Jr. acquired 75,000 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average price of $1.00 per share, for a total transaction of $75,000.00. Following the acquisition, the chief executive officer now directly owns 146,274 shares in the company, valued at approximately $146,274. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Four Oaks Fincorp (NASDAQ:FOFN) remained flat at $1.40 during trading on Monday. 9,340 shares of the company’s stock traded hands. Four Oaks Fincorp has a 52 week low of $1.11 and a 52 week high of $3.00. The stock’s 50-day moving average is $1.27 and its 200-day moving average is $1.82. The company has a market cap of $12.4 million and a P/E ratio of 3.33.

Four Oaks Fincorp, Inc is a bank holding company. The Company’s primary function is to serve as the holding company for its wholly owned subsidiaries, Four Oaks Bank & Trust Company (NASDAQ:FOFN) and Four Oaks Mortgage Services, LLC.

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