Carolina Financial Corporation Company Profile (NASDAQ:CARO)

About Carolina Financial Corporation (NASDAQ:CARO)

Carolina Financial Corporation logoCarolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank (the Bank), a state-chartered commercial bank. The Company operates through three segments: community banking, wholesale mortgage banking (mortgage banking) and other. The Company's community banking segment provides traditional banking services offered through CresCom Bank. The Company's mortgage banking segment provides mortgage loan origination and servicing offered through Crescent Mortgage Company (Crescent Mortgage). The other segment provides managerial and operational support to the other business segments through Carolina Services and Carolina Financial. CresCom Bank provides a range of commercial and retail banking financial services to meet the financial needs of its customers through its branch network in South Carolina and North Carolina.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks - NEC
  • Sub-Industry: N/A
  • Symbol: NASDAQ:CARO
  • CUSIP: N/A
  • Web: www.haveanicebank.com
Capitalization:
  • Market Cap: $505.28 million
  • Outstanding Shares: 15,957,000
Average Prices:
  • 50 Day Moving Avg: $31.06
  • 200 Day Moving Avg: $30.19
  • 52 Week Range: $16.89 - $33.39
P/E:
  • Trailing P/E Ratio: 21.38
  • Foreward P/E Ratio: 14.72
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $88.27 million
  • Price / Sales: 5.67
  • Book Value: $17.01 per share
  • Price / Book: 1.84
Dividend:
  • Annual Dividend: $0.16
  • Dividend Yield: 0.5%
Profitability:
  • Net Margins: 19.72%
  • Return on Equity: 11.98%
  • Return on Assets: 1.26%
Debt:
  • Debt-to-Equity Ratio: 0.20%
  • Current Ratio: 0.81%
  • Quick Ratio: 0.80%
Misc:
  • Average Volume: 49,292 shs.
  • Beta: 0.45
  • Short Ratio: 10.47
 

Frequently Asked Questions for Carolina Financial Corporation (NASDAQ:CARO)

What is Carolina Financial Corporation's stock symbol?

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

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

Carolina Financial Corporation announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Thursday, June 15th will be given a dividend of $0.04 per share on Thursday, July 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Tuesday, June 13th. View Carolina Financial Corporation's Dividend History.

How were Carolina Financial Corporation's earnings last quarter?

Carolina Financial Corporation (NASDAQ:CARO) issued its earnings results on Monday, April, 24th. The company reported $0.41 EPS for the quarter, topping the Zacks' consensus estimate of $0.36 by $0.05. The company earned $22.50 million during the quarter, compared to analyst estimates of $21.74 million. Carolina Financial Corporation had a return on equity of 11.98% and a net margin of 19.72%. View Carolina Financial Corporation's Earnings History.

When will Carolina Financial Corporation make its next earnings announcement?

Carolina Financial Corporation is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for Carolina Financial Corporation.

Where is Carolina Financial Corporation's stock going? Where will Carolina Financial Corporation's stock price be in 2017?

5 brokerages have issued 12-month price objectives for Carolina Financial Corporation's shares. Their predictions range from $22.50 to $38.00. On average, they anticipate Carolina Financial Corporation's stock price to reach $31.17 in the next year. View Analyst Ratings for Carolina Financial Corporation.

What are analysts saying about Carolina Financial Corporation stock?

Here are some recent quotes from research analysts about Carolina Financial Corporation 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. " (6/2/2017)
  • 2. Brean Capital analysts commented, "CARO delivered an impressive quarter highlighted by a resilient NIM, strong loan growth and clean credit quality. While the operating beat ($0.46 vs. Brean/Consensus of $0.41/$0.42) and recent weakness in the shares are intriguing, we would like to get more clarity regarding the mortgage outlook and associated margins (MBA forecast is calling for a 17% decline in 1-4 family originations in 2017), commercial bank loan pipelines and the 12 bps rebound in NIM – Is this the new baseline? Overall, we are encouraged with the strong finish to the year and expect relative strength in the shares today." (1/19/2017)

Who are some of Carolina Financial Corporation's key competitors?

Who are Carolina Financial Corporation's key executives?

Carolina Financial Corporation's management team includes the folowing people:

  • Claudius E. Watts IV, Independent Chairman of the Board
  • Jerold L. Rexroad, President, Chief Executive Officer, Director
  • William A. Gehman III, Chief Financial Officer, Executive Vice President
  • M J Huggins III, Executive Vice President, Secretary
  • David L Morrow, Executive Vice President, Director
  • Gary M. Griffin, Director
  • Howell V Bellamy JR, Independent Director
  • W. Scott Brandon, Independent Director
  • Robert G. Clawson Jr., Independent Director
  • Jeffery L. Deal M.D., Independent Director

Who owns Carolina Financial Corporation stock?

Carolina Financial Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.76%), Wellington Management Group LLP (2.18%), Systematic Financial Management LP (1.75%), Alliancebernstein L.P. (1.49%), Northpointe Capital LLC (1.88%) and Stieven Capital Advisors L.P. (1.26%). Company insiders that own Carolina Financial Corporation stock include Daniel H Isaac Jr, Jeffery L Deal, Jerry L Rexroad, M J Huggins III, Michael P Leddy, W Scott Brandon and William A Gehman III. View Institutional Ownership Trends for Carolina Financial Corporation.

Who sold Carolina Financial Corporation stock? Who is selling Carolina Financial Corporation stock?

Carolina Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including EAM Investors LLC, Morgan Stanley, JPMorgan Chase & Co., O Shaughnessy Asset Management LLC and Nicholas Hoffman & Company LLC.. Company insiders that have sold Carolina Financial Corporation stock in the last year include Jerry L Rexroad and Michael P Leddy. View Insider Buying and Selling for Carolina Financial Corporation.

Who bought Carolina Financial Corporation stock? Who is buying Carolina Financial Corporation stock?

Carolina Financial Corporation's stock was bought by a variety of institutional investors in the last quarter, including Northpointe Capital LLC, Wellington Management Group LLP, Mendon Capital Advisors Corp, RMB Capital Management LLC, Alliancebernstein L.P., Emerald Mutual Fund Advisers Trust, Bank of America Corp DE and Vanguard Group Inc.. Company insiders that have bought Carolina Financial Corporation stock in the last two years include Daniel H Isaac Jr and W Scott Brandon. View Insider Buying and Selling for Carolina Financial Corporation.

How do I buy Carolina Financial Corporation stock?

Shares of Carolina Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Carolina Financial Corporation's stock price today?

One share of Carolina Financial Corporation stock can currently be purchased for approximately $31.35.


MarketBeat Community Rating for Carolina Financial Corporation (NASDAQ CARO)
Community Ranking:  2.6 out of 5 ( )
Outperform Votes:  63 (Vote Outperform)
Underperform Votes:  57 (Vote Underperform)
Total Votes:  120
MarketBeat's community ratings are surveys of what our community members think about Carolina Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Carolina Financial Corporation (NASDAQ:CARO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 3 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $31.17 (0.58% downside)

Analysts' Ratings History for Carolina Financial Corporation (NASDAQ:CARO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/13/2017Brean CapitalUpgradeHold -> BuyHighView Rating Details
6/13/2017Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$33.00 -> $38.00HighView Rating Details
4/5/2017Keefe, Bruyette & WoodsReiterated RatingBuy$33.00LowView Rating Details
11/9/2016Sandler O'NeillUpgradeHold -> BuyN/AView Rating Details
9/9/2016StephensInitiated CoverageEqual Weight$22.50N/AView Rating Details
(Data available from 6/24/2015 forward)

Earnings

Earnings History for Carolina Financial Corporation (NASDAQ:CARO)
Earnings by Quarter for Carolina Financial Corporation (NASDAQ:CARO)
Earnings History by Quarter for Carolina Financial Corporation (NASDAQ CARO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/27/2017        
4/24/2017Q1 2017$0.36$0.41$21.74 million$22.50 millionViewN/AView Earnings Details
1/18/2017Q416$0.42$0.46$21.77 million$21.57 millionViewN/AView Earnings Details
10/19/2016Q316$0.38$0.47$20.69 million$22.83 millionViewN/AView Earnings Details
1/22/2016Q415$0.35$0.36$17.80 million$17.60 millionViewN/AView Earnings Details
10/21/2015Q3 2015$0.38$0.40$18.21 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Carolina Financial Corporation (NASDAQ:CARO)
Current Year EPS Consensus Estimate: $1.79 EPS
Next Year EPS Consensus Estimate: $2.13 EPS

Dividends

Current Dividend Information for Carolina Financial Corporation (NASDAQ:CARO)
Next Dividend:7/6/2017
Annual Dividend:$0.16
Dividend Yield:0.51%
Payout Ratio:10.96% (Trailing 12 Months of Earnings)
8.94% (Based on This Year's Estimates)
7.51% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Carolina Financial Corporation (NASDAQ:CARO)

Dividend History by Quarter for Carolina Financial Corporation (NASDAQ CARO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/2/2017quarterly$0.040.52%6/13/20176/15/20177/6/2017
1/20/2017quarterly$0.040.55%3/15/20173/17/20174/7/2017
10/21/2016quarterly$0.040.68%12/23/201612/28/20161/11/2017
8/24/2016quarterly$0.030.57%9/27/20169/29/201610/14/2016
5/9/2016quarterly$0.030.63%6/20/20166/22/20167/11/2016
1/25/2016quarterly$0.030.74%3/16/20163/18/20164/8/2016
10/26/2015quarterly$0.030.82%12/16/201512/18/20151/7/2016
7/28/2015quarterly$0.030.71%9/16/20159/18/201510/7/2015
5/6/2015quarterly$0.030.86%6/22/20156/24/20157/10/2015
1/26/2015quarterly$0.030.86%3/16/20153/18/20154/8/2015
10/17/2014quarterly$0.030.45%12/16/201412/18/20141/8/2015
7/18/2014quarterly$0.050.89%9/15/20149/17/201410/8/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Carolina Financial Corporation (NASDAQ:CARO)
Insider Ownership Percentage: 12.23%
Institutional Ownership Percentage: 37.63%
Insider Trades by Quarter for Carolina Financial Corporation (NASDAQ:CARO)
Institutional Ownership by Quarter for Carolina Financial Corporation (NASDAQ:CARO)
Insider Trades by Quarter for Carolina Financial Corporation (NASDAQ:CARO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/16/2017Michael P LeddyDirectorSell20,000$33.00$660,000.00View SEC Filing  
3/16/2017Jerry L RexroadCEOSell442$30.27$13,379.34View SEC Filing  
1/25/2017W. Scott BrandonDirectorBuy3,464$28.00$96,992.00View SEC Filing  
11/14/2016Daniel H Isaac JrDirectorBuy9,000$25.00$225,000.00View SEC Filing  
8/10/2016Michael P LeddyDirectorSell10,000$20.19$201,900.00View SEC Filing  
6/16/2016Daniel H Isaac JrDirectorBuy11,400$17.59$200,526.00View SEC Filing  
2/12/2016Jeffery L. DealDirectorSell500$15.85$7,925.00View SEC Filing  
2/11/2016Jeffery L. DealDirectorSell1,500$15.59$23,385.00View SEC Filing  
1/21/2016William A. Gehman IIICFOSell285$16.31$4,648.35View SEC Filing  
1/20/2016M. J. Huggins IIIEVPSell305$16.56$5,050.80View SEC Filing  
11/5/2015Michael P LeddyDirectorSell20,397$14.80$301,875.60View SEC Filing  
5/22/2015Thompson E PenneyDirectorBuy1,800$13.99$25,182.00View SEC Filing  
5/18/2015William A Gehman IIICFOBuy2,638$14.17$37,380.46View SEC Filing  
4/30/2015Jeffery L DealDirectorBuy1,000$14.10$14,100.00View SEC Filing  
8/25/2014Benedict P RosenDirectorBuy1,115$25.00$27,875.00View SEC Filing  
8/21/2014W. Scott BrandonDirectorBuy1,685$25.00$42,125.00View SEC Filing  
8/18/2014W. Scott BrandonDirectorBuy2,300$24.72$56,856.00View SEC Filing  
8/15/2014William A Gehman IIICFOBuy1,000$25.50$25,500.00View SEC Filing  
8/11/2014W. Scott BrandonDirectorBuy4,338$24.89$107,972.82View SEC Filing  
5/1/2014Jerry L RexroadCEOBuy1,500$20.35$30,525.00View SEC Filing  
4/28/2014William A Gehman IIICFOBuy5,500$20.48$112,640.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Carolina Financial Corporation (NASDAQ:CARO)
Latest Headlines for Carolina Financial Corporation (NASDAQ:CARO)
Source:
DateHeadline
americanbankingnews.com logoCarolina Financial Corporation (CARO) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - June 20 at 8:34 AM
americanbankingnews.com logoInsider Selling: Carolina Financial Corporation (CARO) Director Sells 20,000 Shares of Stock
www.americanbankingnews.com - June 16 at 4:23 PM
reuters.com logoBRIEF-Carolina Financial says co and First South Bancorp agreed to appoint 2 directors of First South to Carolina's board
www.reuters.com - June 15 at 9:39 PM
finance.yahoo.com logoCarolina Financial (CARO) in Focus: Stock Moves 5.7% Higher
finance.yahoo.com - June 14 at 4:51 PM
finance.yahoo.com logoCarolina Financial Corp. : CARO-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 14, 2017
finance.yahoo.com - June 14 at 4:51 PM
reuters.com logoBRIEF-Carolina Financial Corp announces agreement to acquire First South Bancorp
www.reuters.com - June 14 at 1:44 AM
seekingalpha.com logoCarolina Financial's (CARO) CEO Jerry Rexroad on Acquisition of First South Bancorp (Transcript)
seekingalpha.com - June 14 at 1:44 AM
americanbankingnews.com logoCarolina Financial Corporation (CARO) Rating Increased to Buy at Brean Capital
www.americanbankingnews.com - June 13 at 11:34 AM
americanbankingnews.com logoRaymond James Financial, Inc. Upgrades Carolina Financial Corporation (CARO) to "Strong-Buy"
www.americanbankingnews.com - June 13 at 9:04 AM
finance.yahoo.com logoCarolina Financial Corporation Announces Agreement to Acquire First South Bancorp, Inc. Expands Presence in North Carolina
finance.yahoo.com - June 12 at 5:11 PM
finance.yahoo.com logo4 Reasons to Bet on Carolina Financial (CARO) Stock Now
finance.yahoo.com - June 12 at 5:11 PM
finance.yahoo.com logoCEO: Carolina Financial Corporation buyout of First South driven by Triangle 'opportunity'
finance.yahoo.com - June 12 at 5:11 PM
bloomberg.com logoOnce Stalwart Oil Stock Bulls Starting to Say Enough Is Enough
www.bloomberg.com - June 10 at 4:16 PM
latimes.com logoHouse votes along party lines to repeal key Dodd-Frank financial reforms
www.latimes.com - June 9 at 3:10 AM
finance.yahoo.com logoETFs with exposure to Carolina Financial Corp. : June 6, 2017
finance.yahoo.com - June 6 at 4:21 PM
finance.yahoo.com logoCarolina Financial Corp. :CARO-US: Earnings Analysis: Q1, 2017 By the Numbers : June 5, 2017
finance.yahoo.com - June 5 at 12:22 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - June 2 at 7:30 PM
bizjournals.com logoNorth Carolina software firm acquires Boston tech company
www.bizjournals.com - May 31 at 9:14 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Downgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - May 30 at 5:02 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 26 at 9:21 AM
americanbankingnews.com logoCarolina Financial Corp (CARO) Sees Significant Drop in Short Interest
www.americanbankingnews.com - May 24 at 8:22 PM
globenewswire.com logoVivoPower International PLC Announces Substantial Completion and Partial Sale of 47 MW Solar Project in North Carolina
globenewswire.com - May 24 at 4:00 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - May 23 at 4:24 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - May 22 at 6:26 PM
finance.yahoo.com logoCarolina Financial Corp. – Value Analysis (NASDAQ:CARO) : May 19, 2017
finance.yahoo.com - May 19 at 4:04 PM
finance.yahoo.com logoCarolina Financial Corp. breached its 50 day moving average in a Bearish Manner : CARO-US : May 18, 2017
finance.yahoo.com - May 18 at 11:21 AM
bizjournals.com logoThe Keith Corp. underway on $4.2M center for CBI
www.bizjournals.com - May 17 at 4:14 PM
finance.yahoo.com logo3 Reasons Why BOK Financial (BOKF) Stock is a Must Buy Now
finance.yahoo.com - May 17 at 11:45 AM
americanbankingnews.com logoCarolina Financial Corp (CARO) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - May 16 at 6:26 PM
bizjournals.com logoCatasys Appoints New Chief Financial Officer
www.bizjournals.com - May 16 at 11:18 AM
americanbankingnews.com logoZacks Investment Research Lowers Carolina Financial Corp (CARO) to Hold
www.americanbankingnews.com - May 15 at 5:42 PM
prnewswire.com logoNorth Carolina Farm Bureau Insurance Maintains "A" (Excellent) Rating From A.M. Best For More Than 50 Years
www.prnewswire.com - May 15 at 3:48 PM
bizjournals.com logoMillennial entrepreneur sells his company to another millennial
www.bizjournals.com - May 12 at 2:47 AM
globenewswire.com logoOak Ridge Financial Services, Inc. Ranked in Top 200 Publicly Traded Community Banks and Thrifts List by American Banker Magazine
globenewswire.com - May 8 at 4:05 PM
bizjournals.com logoCommunity banks in North Carolina respond to talk of Dodd-Frank rollbacks
www.bizjournals.com - May 8 at 4:05 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) to Issue Quarterly Dividend of $0.04
www.americanbankingnews.com - May 2 at 7:38 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Receiving Favorable Press Coverage, Report Finds
www.americanbankingnews.com - May 2 at 12:24 PM
bizjournals.com logoWest Town Bancorp, Inc. Announces First Quarter 2017 Financial Results
www.bizjournals.com - May 1 at 4:09 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 1 at 12:05 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Earning Somewhat Favorable Media Coverage, Study Finds
www.americanbankingnews.com - April 29 at 2:03 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Ocwen Financial …
finance.yahoo.com - April 28 at 10:09 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - April 28 at 7:56 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Receiving Favorable Media Coverage, Analysis Finds
www.americanbankingnews.com - April 27 at 12:34 AM
finance.yahoo.com logoEdited Transcript of CARO earnings conference call or presentation 25-Apr-17 6:00pm GMT
finance.yahoo.com - April 26 at 2:59 PM
americanbankingnews.com logoBrean Capital Weighs in on Carolina Financial Corp's FY2018 Earnings (CARO)
www.americanbankingnews.com - April 25 at 3:06 PM
americanbankingnews.com logoCarolina Financial Corp (CARO) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
www.americanbankingnews.com - April 25 at 10:39 AM
marketbeat.com logoCarolina Financial posts 1Q profit
marketbeat.com - April 24 at 4:54 PM
finance.yahoo.com logoCarolina Financial Corporation Reports Results for First Quarter of 2017
finance.yahoo.com - April 24 at 4:05 PM
finance.yahoo.com logoCarolina Financial Corp. breached its 50 day moving average in a Bullish Manner : CARO-US : April 24, 2017
finance.yahoo.com - April 24 at 9:49 AM
americanbankingnews.com logoCarolina Financial Corp (CARO) Getting Somewhat Favorable News Coverage, Report Finds
www.americanbankingnews.com - April 23 at 2:31 PM

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Chart

Carolina Financial Corporation (CARO) Chart for Saturday, June, 24, 2017

This page was last updated on 6/24/2017 by MarketBeat.com Staff