First Carolina Financial Services, Inc. (NYSE:FCBM) Short Interest Update

First Carolina Financial Services, Inc. (NYSE:FCBM) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 3,175 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily trading volume, of 146,922 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

First Carolina Financial Services Stock Up 0.7%

FCBM opened at $12.79 on Thursday. First Carolina Financial Services has a one year low of $12.50 and a one year high of $13.40.

Analysts Set New Price Targets

Several brokerages recently commented on FCBM. Wall Street Zen upgraded shares of First Carolina Financial Services to a “hold” rating in a research note on Saturday, June 27th. Zacks Research raised shares of First Carolina Financial Services to a “hold” rating in a research report on Tuesday. Finally, Raymond James Financial assumed coverage on First Carolina Financial Services in a report on Monday. They issued an “outperform” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Insider Activity at First Carolina Financial Services

In other First Carolina Financial Services news, Director John Walter Gussenhoven bought 16,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $12.50 per share, with a total value of $200,000.00. Following the transaction, the director owned 334,016 shares of the company’s stock, valued at approximately $4,175,200. The trade was a 5.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory Everette Floyd bought 9,875 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average price of $12.50 per share, with a total value of $123,437.50. Following the purchase, the director owned 43,375 shares of the company’s stock, valued at $542,187.50. The trade was a 29.48% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 116,655 shares of company stock worth $1,458,258 over the last three months.