Insider Buying: Four Oaks Fincorp EVP Purchases 9,924 Shares of Stock (FOFN)
Four Oaks Fincorp (NASDAQ:FOFN) EVP Lisa S. Herring acquired 9,924 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $1.00 per share, for a total transaction of $9,924.00. Following the transaction, the executive vice president now directly owns 11,000 shares of the company’s stock, valued at approximately $11,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of 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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