First Carolina Financial Services (NYSE:FCBM) Now Covered by Raymond James Financial

Equities researchers at Raymond James Financial initiated coverage on shares of First Carolina Financial Services (NYSE:FCBM) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Raymond James Financial’s target price points to a potential upside of 18.58% from the company’s current price.

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 data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.00.

First Carolina Financial Services Stock Performance

FCBM stock opened at $12.65 on Monday. First Carolina Financial Services has a 52 week low of $12.50 and a 52 week high of $13.40.

Insider Activity

In related news, Director James A. Lucas, Jr. bought 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, with a total value of $39,750.00. Following the acquisition, the director owned 52,860 shares in the company, valued at $660,750. This trade represents a 6.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles Austin Robbins, Jr. purchased 14,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 369,492 shares of the company’s stock, valued at $4,618,650. This trade represents a 3.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 116,655 shares of company stock worth $1,458,258.