Four Oaks Fincorp EVP Purchases $9,924 in Stock (FOFN)
Four Oaks Fincorp (NASDAQ:FOFN) EVP Lisa S. Herring bought 9,924 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was purchased at an average price of $1.00 per share, for a total transaction of $9,924.00. Following the completion of the acquisition, the executive vice president now directly owns 11,000 shares of the company’s stock, valued at approximately $11,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Four Oaks Fincorp (NASDAQ:FOFN) remained flat at $1.40 during during mid-day trading trading on Monday. The stock had a trading volume of 9,340 shares. Four Oaks Fincorp has a 1-year low of $1.11 and a 1-year 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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