First Carolina Financial Services (NYSE:FCBM) Upgraded at Hovde Group

Hovde Group upgraded shares of First Carolina Financial Services (NYSE:FCBM) to a hold rating in a research note issued to investors on Friday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Raymond James Financial began coverage on First Carolina Financial Services in a research note on Monday, July 13th. They set an “outperform” rating and a $15.00 price objective on the stock. Wall Street Zen raised First Carolina Financial Services to a “hold” rating in a research note on Saturday, June 27th. Finally, Zacks Research upgraded First Carolina Financial Services to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.50.

First Carolina Financial Services Price Performance

Shares of NYSE:FCBM opened at $12.78 on Friday. First Carolina Financial Services has a 52 week low of $12.50 and a 52 week high of $13.40.

Insider Transactions at First Carolina Financial Services

In other news, Director Charles Austin Robbins, Jr. bought 14,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $12.50 per share, for a total transaction of $175,000.00. Following the purchase, the director directly owned 369,492 shares in the company, valued at $4,618,650. This trade represents a 3.94% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory Everette Floyd bought 18,750 shares of the stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of $12.50 per share, with a total value of $234,375.00. Following the purchase, the director owned 152,990 shares in the company, valued at $1,912,375. This trade represents a 13.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 116,655 shares of company stock worth $1,458,258.