Insider Buying: Four Oaks Fincorp Director Acquires 150,000 Shares of Stock (FOFN)
Four Oaks Fincorp (NASDAQ:FOFN) Director Roy Max Raynor, Jr. bought 150,000 shares of the stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $1.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now directly owns 206,770 shares in the company, valued at approximately $206,770. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of 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 has a 50-day moving average of $1.27 and a 200-day moving average of $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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.