First Carolina Financial Services, Inc. (NYSE:FCBM) Stock Short Interest Report for September

First Carolina Financial Services, Inc. (NYSE:FCBM) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 176,522 shares, a growth of 108.9% from the September 15th total of 84,488 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 390,786 shares, the short-interest ratio is presently 0.5 days.

First Carolina Financial Services Price Performance

Shares of FCBM stock traded up $0.11 during trading hours on Thursday, reaching $12.67. The stock had a trading volume of 36,274 shares, compared to its average volume of 138,312. First Carolina Financial Services has a twelve month low of $12.17 and a twelve month high of $13.40. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The company has a market cap of $393.66 million and a price-to-earnings ratio of 63.35. The company’s 50-day simple moving average is $12.72.

First Carolina Financial Services (NYSE:FCBM) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $32.26 million for the quarter. On average, equities analysts anticipate that First Carolina Financial Services will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FCBM shares. Raymond James Financial initiated coverage on First Carolina Financial Services in a report on Monday, July 13th. They issued an “outperform” rating and a $15.00 price target for the company. Weiss Ratings initiated coverage on shares of First Carolina Financial Services in a report on Monday, September 14th. They issued a “sell (e)” rating for the company. Zacks Research upgraded First Carolina Financial Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Hovde Group started coverage on shares of First Carolina Financial Services in a report on Friday, July 17th. They set a “market perform” rating and a $14.00 target price on the stock. Finally, Wall Street Zen upgraded shares of First Carolina Financial Services to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.50.

About First Carolina Financial Services

First Carolina Financial Services, Inc is a bank holding company associated with First Carolina Bank, a community banking institution based in North Carolina. The company focuses on serving businesses, individuals and organizations through relationship-oriented banking services.

First Carolina Bank’s offerings include business and personal checking and savings accounts, commercial and consumer lending, mortgage-related financing, cash-management services, online and mobile banking, and other traditional banking products.