First Carolina Financial Services (NYSE:FCBM) Raised to Hold at Hovde Group

First Carolina Financial Services (NYSE:FCBM) was upgraded by equities researchers at Hovde Group to a “hold” rating in a research note issued on Friday,Zacks.com reports.

FCBM has been the subject of a number of other reports. Zacks Research upgraded First Carolina Financial Services to a “hold” rating in a report on Tuesday. Raymond James Financial began coverage on First Carolina Financial Services in a report on Monday, July 13th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Wall Street Zen upgraded First Carolina Financial Services to a “hold” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.50.

First Carolina Financial Services Stock Down 0.2%

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.

Insiders Place Their Bets

In other First Carolina Financial Services news, Director Charles Austin Robbins, Jr. purchased 14,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of $12.50 per share, for a total transaction of $175,000.00. Following the completion of the transaction, the director directly owned 369,492 shares in the company, valued at approximately $4,618,650. This represents a 3.94% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James A. Lucas, Jr. acquired 3,180 shares of First Carolina Financial Services stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost of $12.50 per share, for a total transaction of $39,750.00. Following the completion of the purchase, the director directly owned 52,860 shares of the company’s stock, valued at approximately $660,750. The trade was a 6.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 116,655 shares of company stock valued at $1,458,258 over the last three months.