NASDAQ:CARO - Carolina Financial Stock Price, News, & Analysis

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$36.03 -0.51 (-1.40 %)
(As of 05/22/2019 01:18 PM ET)
Previous Close$36.54
Today's Range$36.0350 - $36.54
52-Week Range$27.62 - $45.58
Volume13,349 shs
Average Volume51,712 shs
Market Capitalization$804.12 million
P/E Ratio12.60
Dividend Yield0.88%
Beta0.99
Carolina Financial Corporation operates as a holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. The company operates through three segments: Community Banking, Wholesale Mortgage Banking, and Other. It offers noninterest-bearing demand accounts, interest-bearing demand and savings accounts, money market accounts, time deposits, and certificates of deposit. The company also provides commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans, commercial leases, and consumer loans to individuals, small to medium-sized businesses, and professional firms. In addition, it offers mortgage banking services comprising orrespondent/wholesale mortgage and loan servicing. The company operates through a network of 61 full service branches and 2 loan production offices located in South and North Carolina. Carolina Financial Corporation was incorporated in 1996 and is based in Charleston, South Carolina.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CARO
CUSIPN/A
Phone843-723-7700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$200.95 million
Cash Flow$3.3304 per share
Book Value$26.40 per share

Profitability

Net Income$49.67 million

Miscellaneous

Employees735
Market Cap$804.12 million
Next Earnings Date7/22/2019 (Estimated)
OptionableNot Optionable

Carolina Financial (NASDAQ:CARO) Frequently Asked Questions

What is Carolina Financial's stock symbol?

Carolina Financial trades on the NASDAQ under the ticker symbol "CARO."

How often does Carolina Financial pay dividends? What is the dividend yield for Carolina Financial?

Carolina Financial declared a quarterly dividend on Friday, April 26th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.09 per share on Friday, July 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from Carolina Financial's previous quarterly dividend of $0.08. View Carolina Financial's Dividend History.

How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) posted its quarterly earnings results on Wednesday, April, 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.69 by $0.02. The financial services provider earned $43.34 million during the quarter, compared to the consensus estimate of $44.74 million. Carolina Financial had a return on equity of 10.99% and a net margin of 29.22%. View Carolina Financial's Earnings History.

When is Carolina Financial's next earnings date?

Carolina Financial is scheduled to release their next quarterly earnings announcement on Monday, July 22nd 2019. View Earnings Estimates for Carolina Financial.

What price target have analysts set for CARO?

5 brokerages have issued 1-year price objectives for Carolina Financial's shares. Their forecasts range from $19.00 to $41.00. On average, they expect Carolina Financial's share price to reach $34.00 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. View Analyst Price Targets for Carolina Financial.

What is the consensus analysts' recommendation for Carolina Financial?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carolina Financial in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Carolina Financial.

What are Wall Street analysts saying about Carolina Financial stock?

Here are some recent quotes from research analysts about Carolina Financial stock:
  • 1. According to Zacks Investment Research, "Carolina Financial Corporation is the holding company of CresCom Bank. It operates through three reportable segments: Community Banking, Wholesale Mortgage Banking, and other. Its deposit products include checking accounts, commercial accounts, savings accounts, retirement accounts, and other time deposits. The company's loan portfolio comprises loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, residential mortgage loans, residential lot loans, home equity loans, and consumer loans. The company also offers mortgage banking services comprising correspondent lending and loan servicing; and cash management services. Carolina Financial Corporation is based in Charleston, South Carolina. " (5/14/2019)
  • 2. Stephens analysts commented, "SEIC reported mixed 1Q19 results as revenue fell ~1% Y/Y to ~$401M (vs. our/ Street’s $397/405M estimates) and adjusted EPS of $0.73 compared to our/Street’s $0.75/$0.76 estimates. More important, quarterly net recurring sales were only $1M despite almost $10M within Investment Managers. PB&T recurring sales were flattish while IA and II again saw negative net flows/redemptions. Management suggests SWP sales activity remains robust but deal closes remain hard to come by; same story. SEI continues to progress on the Wells conversion, and now has clarity on timing; full conversion by end of CY22. We remain optimistic long term regarding SWP sales momentum, and PB&T’s long-term profitability trajectory. That said, we are losing patience. Maintain Outperform rating and $60 PT." (4/25/2019)

Has Carolina Financial been receiving favorable news coverage?

News headlines about CARO stock have been trending neutral this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Carolina Financial earned a news impact score of 0.2 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.

Who are some of Carolina Financial's key competitors?

What other stocks do shareholders of Carolina Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carolina Financial investors own include PepsiCo (PEP), QUALCOMM (QCOM), Addus Homecare (ADUS), Popular (BPOP), Celgene (CELG), Texas Capital Bancshares (TCBI), AMN Healthcare Services (AMN), Walt Disney (DIS), Eastman Chemical (EMN) and Freeport-McMoRan (FCX).

Who are Carolina Financial's key executives?

Carolina Financial's management team includes the folowing people:
  • Mr. Jerold L. Rexroad CPA, CPA, Pres, CEO & Director (Age 59)
  • Mr. William A. Gehman III, Exec. VP & CFO (Age 58)
  • Mr. David L. Morrow, Exec. VP & Director (Age 69)
  • Mr. Melton J. Huggins III, Exec. VP & Sec. (Age 56)

Who are Carolina Financial's major shareholders?

Carolina Financial's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.16%), Janus Henderson Group PLC (5.38%), Dimensional Fund Advisors LP (3.65%), Tributary Capital Management LLC (2.34%), Renaissance Technologies LLC (2.25%) and RMB Capital Management LLC (2.17%). Company insiders that own Carolina Financial stock include Daniel H Isaac Jr, David L Morrow, Fowler C Williams, Jeffery L Deal, Jerry L Rexroad, M J Huggins III, Michael P Leddy, Robert M Moise, W Scott Brandon and William A Gehman III. View Institutional Ownership Trends for Carolina Financial.

Which major investors are selling Carolina Financial stock?

CARO stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Janus Henderson Group PLC, Opus Capital Group LLC, BlackRock Inc., Renaissance Technologies LLC, Loomis Sayles & Co. L P, RMB Capital Management LLC and Raymond James & Associates. Company insiders that have sold Carolina Financial company stock in the last year include David L Morrow, Fowler C Williams, Jeffery L Deal, Jerry L Rexroad, M J Huggins III, Michael P Leddy, Robert M Moise and William A Gehman III. View Insider Buying and Selling for Carolina Financial.

Which major investors are buying Carolina Financial stock?

CARO stock was acquired by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Kennedy Capital Management Inc., Tributary Capital Management LLC, Dimensional Fund Advisors LP, Victory Capital Management Inc., Banc Funds Co. LLC and Geode Capital Management LLC. View Insider Buying and Selling for Carolina Financial.

How do I buy shares of Carolina Financial?

Shares of CARO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Carolina Financial's stock price today?

One share of CARO stock can currently be purchased for approximately $36.0350.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $804.12 million and generates $200.95 million in revenue each year. The financial services provider earns $49.67 million in net income (profit) each year or $2.86 on an earnings per share basis. Carolina Financial employs 735 workers across the globe.

What is Carolina Financial's official website?

The official website for Carolina Financial is http://www.haveanicebank.com/.

How can I contact Carolina Financial?

Carolina Financial's mailing address is 288 MEETING STREET, CHARLESTON SC, 29401. The financial services provider can be reached via phone at 843-723-7700 or via email at [email protected]


MarketBeat Community Rating for Carolina Financial (NASDAQ CARO)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  228 (Vote Outperform)
Underperform Votes:  259 (Vote Underperform)
Total Votes:  487
MarketBeat's community ratings are surveys of what our community members think about Carolina Financial and other stocks. Vote "Outperform" if you believe CARO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CARO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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