Steven G. Deaton, CFO and Chief Risk Officer at First Carolina Financial Services, Inc. (FCBM), bought 4,000 shares at $12.50 ($50K) on 2026-06-18, disclosed to the SEC on 2026-06-22.
CFO Steven G. Deaton purchased 4,000 shares for $50,000 at $12.50, marking the largest insider purchase in the company's history. This high-profile buy from C-suite leadership suggests the executive team views the current valuation as attractive.
The stock is trading at $12.63, just 0.48% above its 52-week low of $12.57, indicating the stock is currently near the bottom of its annual range.
The purchase occurred during a sector-wide pullback, with the NYSE Financial Index easing 0.1% on June 18; track the stock's reaction to the next sector rotation.
The stock is trading at a high P/E ratio of 28.93, which may limit upside if earnings growth does not accelerate.
Something here stands out, but not much.
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