First Carolina Financial Services, Inc. (NYSE:FCBM) Sees Significant Growth in Short Interest

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

First Carolina Financial Services Price Performance

Shares of FCBM stock opened at $12.78 on Friday. First Carolina Financial Services has a 12 month low of $12.50 and a 12 month high of $13.40.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FCBM shares. Zacks Research upgraded First Carolina Financial Services to a “hold” rating in a research report on Tuesday. Raymond James Financial assumed coverage on shares of First Carolina Financial Services in a research note on Monday, July 13th. They set an “outperform” rating and a $15.00 price objective for the company. Hovde Group assumed coverage on First Carolina Financial Services in a research report on Friday. They set a “market perform” rating and a $14.00 target price on the stock. Finally, Wall Street Zen raised shares of First Carolina Financial Services to a “hold” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.50.

Insider Activity at First Carolina Financial Services

In related news, Director John Walter Gussenhoven bought 16,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $12.50 per share, with a total value of $200,000.00. Following the transaction, the director directly owned 334,016 shares of the company’s stock, valued at approximately $4,175,200. This represents a 5.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregory Everette Floyd purchased 9,875 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $12.50 per share, for a total transaction of $123,437.50. Following the transaction, the director owned 43,375 shares of the company’s stock, valued at $542,187.50. This trade represents a 29.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 116,655 shares of company stock worth $1,458,258 over the last three months.