Four Oaks Fincorp Director Purchases $150,000 in Stock (FOFN)
Four Oaks Fincorp (NASDAQ:FOFN) Director Roy Max Raynor, Jr. purchased 150,000 shares of the stock 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 $150,000.00. Following the completion of the transaction, the director now directly owns 206,770 shares in the company, valued at approximately $206,770. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Four Oaks Fincorp (NASDAQ:FOFN) opened at 1.38 on Wednesday. Four Oaks Fincorp has a one year low of $1.11 and a one year high of $3.00. The stock has a 50-day moving average of $1.28 and a 200-day moving average of $1.81. The company has a market cap of $12.3 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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