First Carolina Financial Services (NYSE:FCBM) Earns Outperform Rating from Analysts at Raymond James Financial

Raymond James Financial assumed coverage on shares of First Carolina Financial Services (NYSE:FCBM) in a report released on Monday, MarketBeat.com reports. The firm set an “outperform” rating and a $15.00 price target on the stock. Raymond James Financial’s price objective points to a potential upside of 18.58% from the stock’s previous close.

Separately, Wall Street Zen raised shares of First Carolina Financial Services to a “hold” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $15.00.

First Carolina Financial Services Price Performance

First Carolina Financial Services stock opened at $12.65 on Monday. First Carolina Financial Services has a 12-month low of $12.50 and a 12-month high of $13.40.

Insider Activity at First Carolina Financial Services

In other news, Director Charles Austin Robbins, Jr. purchased 14,000 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 $175,000.00. Following the completion of the acquisition, the director owned 369,492 shares in the company, valued at approximately $4,618,650. This trade represents a 3.94% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Lucas, Jr. acquired 3,180 shares of the stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of $12.50 per share, with a total value of $39,750.00. Following the purchase, the director directly owned 52,860 shares of the company’s stock, valued at $660,750. This trade represents a 6.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 116,655 shares of company stock valued at $1,458,258.