S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NASDAQ:CARO

Carolina Financial Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
$32.88
0.00 (0.00 %)
(As of 05/1/2020)
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Compare
Today's Range
$32.50
Now: $32.88
$33.79
50-Day Range
$29.36
MA: $32.79
$35.09
52-Week Range
$20.72
Now: $32.88
$43.85
Volume691,192 shs
Average Volume178,226 shs
Market Capitalization$816.28 million
P/E Ratio11.74
Dividend Yield1.22%
Beta1.4
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.
Carolina Financial logo

Headlines

7 Best Black-Owned Financial Institutions
February 26, 2021 |  msn.com
See More Headlines

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CARO
CUSIPN/A
Phone843-723-7700
Employees735
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$224.23 million
Cash Flow$3.37 per share
Book Value$29.97 per share

Profitability

Net Income$62.74 million

Miscellaneous

Market Cap$816.28 million
Next Earnings DateN/A
OptionableNot Optionable

MarketRank

Overall MarketRank

1.62 out of 5 stars

Finance Sector

547th out of 1,940 stocks

State Commercial Banks Industry

121st out of 310 stocks

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

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Carolina Financial (NASDAQ:CARO) Frequently Asked Questions

Is Carolina Financial a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carolina Financial in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Carolina Financial stock.
View analyst ratings for Carolina Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Carolina Financial?

Wall Street analysts have given Carolina Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Carolina Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) announced its earnings results on Friday, October, 25th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.73 by $0.05. The financial services provider had revenue of $48.90 million for the quarter, compared to analysts' expectations of $46.60 million. Carolina Financial had a net margin of 27.98% and a trailing twelve-month return on equity of 10.49%.
View Carolina Financial's earnings history
.

Is Carolina Financial a good dividend stock?

Carolina Financial pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.22%. The dividend payout ratio of Carolina Financial is 13.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Carolina Financial will have a dividend payout ratio of 14.76% next year. This indicates that Carolina Financial will be able to sustain or increase its dividend.
View Carolina Financial's dividend history.

What price target have analysts set for CARO?

1 Wall Street analysts have issued 1-year target prices for Carolina Financial's stock. Their forecasts range from $31.65 to $31.65. On average, they expect Carolina Financial's share price to reach $31.65 in the next twelve months. This suggests that the stock has a possible downside of 3.7%.
View analysts' price targets for Carolina Financial
or view top-rated stocks among Wall Street analysts.

Who are Carolina Financial's key executives?

Carolina Financial's management team includes the following 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 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 Exxon Mobil (XOM), Eastman Chemical (EMN), Huntington Bancshares (HBAN), QUALCOMM (QCOM), WestRock (WRK), AbbVie (ABBV), Dominion Energy (D), The Walt Disney (DIS), Enbridge (ENB) and Enterprise Products Partners (EPD).

What is Carolina Financial's stock symbol?

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

What is Carolina Financial's stock price today?

One share of CARO stock can currently be purchased for approximately $32.88.

How much money does Carolina Financial make?

Carolina Financial has a market capitalization of $816.28 million and generates $224.23 million in revenue each year. The financial services provider earns $62.74 million in net income (profit) each year or $2.94 on an earnings per share basis.

How many employees does Carolina Financial have?

Carolina Financial employs 735 workers across the globe.

What is Carolina Financial's official website?

The official website for Carolina Financial is www.haveanicebank.com.

Where are Carolina Financial's headquarters?

Carolina Financial is headquartered at 288 MEETING STREET, CHARLESTON SC, 29401.

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]


This page was last updated on 3/6/2021 by MarketBeat.com Staff

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