Carolina Financial Corporation Company Profile (NASDAQ:CARO)

About Carolina Financial Corporation

Carolina Financial Corporation logoCarolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank, a South Carolina state-chartered bank (the 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 mortgage banking segment provides wholesale mortgage loan origination and servicing offered through Crescent Mortgage Company. 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. It provides commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans, and consumer loans.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Mid-Atlantic Banks
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: CARO
  • CUSIP:
Key Metrics:
  • Previous Close: $30.72
  • 50 Day Moving Average: $30.14
  • 200 Day Moving Average: $25.64
  • 52-Week Range: $15.58 - $31.50
  • Trailing P/E Ratio: 21.63
  • Foreward P/E Ratio: 14.70
  • P/E Growth: 0.00
  • Market Cap: $378.96M
  • Outstanding Shares: 12,336,000
  • Beta: 0.52
Profitability:
  • Net Margins: 19.48%
  • Return on Equity: 13.43%
  • Return on Assets: 1.30%
Debt:
  • Debt-to-Equity Ratio: 0.43%
  • Current Ratio: 0.85%
  • Quick Ratio: 0.82%
Additional Links:
Companies Related to Carolina Financial Corporation:

Analyst Ratings

Consensus Ratings for Carolina Financial Corporation (NASDAQ:CARO) (?)
Ratings Breakdown: 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $22.50 (26.76% downside)

Analysts' Ratings History for Carolina Financial Corporation (NASDAQ:CARO)
Show:
DateFirmActionRatingPrice TargetDetails
1/19/2017Brean CapitalReiterated RatingHoldView Rating Details
11/9/2016Sandler O'NeillUpgradeHold -> BuyView Rating Details
9/9/2016StephensInitiated CoverageEqual Weight$22.50View Rating Details
4/7/2016Raymond James Financial, Inc.DowngradeStrong-Buy -> OutperformView Rating Details
7/21/2015Keefe, Bruyette & WoodsBoost Price TargetOutperform$18.00 -> $19.00View Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for Carolina Financial Corporation (NASDAQ:CARO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/20/2017        
1/18/2017Q416$0.42$0.41$21.76 millionViewN/AView Earnings Details
10/19/2016Q316$0.38$0.47$18.32 millionViewN/AView Earnings Details
4/22/2016$0.28$0.30ViewN/AView Earnings Details
1/22/2016Q415$0.35$0.36ViewN/AView Earnings Details
10/21/2015$0.38$0.40ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Carolina Financial Corporation (NASDAQ:CARO)
Current Year EPS Consensus Estimate: $1.77 EPS
Next Year EPS Consensus Estimate: $2.09 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.30$0.30$0.30
Q2 20161$0.32$0.32$0.32
Q3 20161$0.33$0.33$0.33
Q4 20161$0.33$0.33$0.33
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Carolina Financial Corporation (NASDAQ:CARO)
Annual Dividend:$0.16
Dividend Yield:0.52%
Payout Ratio:11.35% (Based on Trailing 12 Months of Earnings)
9.04% (Based on Current Year Consensus EPS Estimate)
7.66% (Based on Next Year Consensus EPS Estimate)

Dividend History for Carolina Financial Corporation (NASDAQ:CARO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Carolina Financial Corporation (NASDAQ:CARO)
Insider Ownership Percentage: 15.50%
Institutional Ownership Percentage: 23.23%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for Carolina Financial Corporation (NASDAQ:CARO)
DateHeadline
marketexclusive.com logoAnalyst Activity – National Bank Financial Raises Its Price Target On Capital Power Corp (TSE:CPX) to C$30.00 (NASDAQ:CARO)
marketexclusive.com - February 22 at 4:18 PM
News IconCorning to invest $67 million in Newton facility, create 210 jobs (NASDAQ:CARO)
www.hickoryrecord.com - February 21 at 1:41 PM
tmcnet.com logoUnited Insurance Holdings Corp. Reports Financial Results for … (NASDAQ:CARO)
www.tmcnet.com - February 21 at 1:41 PM
4-traders.com logoCarolina Financial : CresCom Bank Welcomes Ryan Barnes as New VP and Commercial Loan Officer (NASDAQ:CARO)
www.4-traders.com - February 21 at 1:41 PM
4-traders.com logoCarolina Financial : CresCom Bank Moves to New Sunset Beach Location to Better Serve Customers, Includes Drive-Thru (NASDAQ:CARO)
www.4-traders.com - February 20 at 3:56 PM
live-pr.com logoSPX Corporation - Strategy, SWOT and Corporate Finance Report - New Study Released (NASDAQ:CARO)
www.live-pr.com - February 20 at 11:56 AM
bloomberg.com logoIf Toshiba Can't Finish Nuclear Job, Scana May Find Another (NASDAQ:CARO)
www.bloomberg.com - February 17 at 6:02 PM
bizjournals.com logoBanking Stocks on Investors' Radar -- Regions Financial, BB&T, First Horizon National, and F.N.B. Corp. (NASDAQ:CARO)
www.bizjournals.com - February 17 at 6:02 PM
capitalcube.com logoCarolina Financial Corp. : CARO-US: Dividend Analysis : December 28th, 2016 (record date) : By the numbers : February 15, 2017 (NASDAQ:CARO)
www.capitalcube.com - February 16 at 9:00 AM
News IconToshiba’s financial woes to be topic of SCANA earnings call (NASDAQ:CARO)
scbiznews.com - February 15 at 2:51 AM
4-traders.com logoTAYLOR MORRISON HOME CORPORATION (NYSE:TMHC) Files An 8-K Results of Operations and Financial Condition (NASDAQ:CARO)
www.4-traders.com - February 15 at 2:51 AM
finance.yahoo.com logoNew Strong Sell Stocks for February 14th (NASDAQ:CARO)
finance.yahoo.com - February 14 at 4:48 PM
businesswire.com logoDomtar Corporation Reports Preliminary Fourth Quarter and Fiscal Year 2016 Financial Results (NASDAQ:CARO)
www.businesswire.com - February 9 at 9:27 PM
marketexclusive.com logoRegional Management Corp. (NYSE:RM) Files An 8-K Results of Operations and Financial Condition (NASDAQ:CARO)
marketexclusive.com - February 7 at 5:12 PM
News IconSynovus Financial Corp Valuation – Initial Coverage $SNV (NASDAQ:CARO)
www.moderngraham.com - February 5 at 4:08 PM
News IconGrapevine: Patriots Point stands ready to welcome its 10 millionth visitor (NASDAQ:CARO)
www.postandcourier.com - January 31 at 2:14 AM
News IconCould Carolina Financial Corp (CARO) Gain Strenght After Forming Bullish Double Top Pattern? (NASDAQ:CARO)
randolphguide.com - January 31 at 2:14 AM
marketexclusive.com logoSECURITY FEDERAL CORPORATION (OTCMKTS:SFDL) Files An 8-K Results of Operations and Financial Condition (NASDAQ:CARO)
marketexclusive.com - January 30 at 4:10 PM
News IconEverBank Financial Corp. (NASDAQ:EVER) Expected To Report Earnings On Friday (NASDAQ:CARO)
jagsreport.com - January 28 at 4:17 PM
News IconCharter Financial Corp. (CHFN) Announces Earnings Results (NASDAQ:CARO)
larampadinapoli.com - January 28 at 4:17 PM
finance.yahoo.com logoInsider Buys Highlight for Week of Jan. 27 (NASDAQ:CARO)
finance.yahoo.com - January 28 at 4:17 PM
tmcnet.com logoUnited Insurance Holdings Corp. Schedules 2016 Fourth Quarter and Year End Financial Results and Conference Call (NASDAQ:CARO)
technews.tmcnet.com - January 27 at 5:26 PM
businesswire.com logoAB&T Financial Corporation Announces Fourth Quarter and Year-End 2016 Results (NASDAQ:CARO)
www.businesswire.com - January 27 at 5:26 PM
News IconDirector of Carolina Financial Corporation (NASDAQ:CARO), Isaac Daniel H Jr, buys 8,036 shares worth $225,008 (NASDAQ:CARO)
empowerednews.net - January 27 at 5:26 PM
finance.yahoo.com logoCarolina Financial Corporation Announces Closing of Public Offering of Common Stock (NASDAQ:CARO)
finance.yahoo.com - January 25 at 5:15 PM
biz.yahoo.com logoCAROLINA FINANCIAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial State (NASDAQ:CARO)
biz.yahoo.com - January 25 at 5:15 PM
News IconPinnacle Financial to paquire BNC Bancorp (NASDAQ:CARO)
www.moultrienews.com - January 24 at 9:44 PM
News IconCresCom Bank parent looking to raise more than $40M in stock offering (NASDAQ:CARO)
www.charlestonbusiness.com - January 24 at 9:44 PM
capitalcube.com logoETFs with exposure to Carolina Financial Corp. : January 24, 2017 (NASDAQ:CARO)
www.capitalcube.com - January 24 at 4:41 PM
capitalcube.com logoCarolina Financial Corp. breached its 50 day moving average in a Bullish Manner : CARO-US : January 23, 2017 (NASDAQ:CARO)
www.capitalcube.com - January 23 at 9:29 PM
bizjournals.com logoBank of North Carolina snapped up by out-of-state lender in $1.9B deal (NASDAQ:CARO)
www.bizjournals.com - January 23 at 4:27 PM
News IconBank merger to expand Nashville's Pinnacle into Carolinas and Virginia (NASDAQ:CARO)
www.tennessean.com - January 23 at 2:10 AM
News IconPinnacle Financial to buy BNC Bancorp (NASDAQ:CARO)
www.journalnow.com - January 23 at 2:10 AM
us.rd.yahoo.com logo9:30 am Carolina Financial prices underwritten public offering of 1,571,429 shares of its common stock at $28.00/share (NASDAQ:CARO)
us.rd.yahoo.com - January 20 at 10:23 PM
streetinsider.com logoCarolina Financial (CARO) Prices 1.57M Offering at $28/Share (NASDAQ:CARO)
www.streetinsider.com - January 20 at 5:17 PM
4-traders.com logoCAROLINA FINANCIAL CORPORATION (NASDAQ:CARO) Files An 8-K Other Events (NASDAQ:CARO)
www.4-traders.com - January 20 at 5:17 PM
finance.yahoo.com logoCarolina Financial Corporation Announces Pricing of Public Offering of Common Stock (NASDAQ:CARO)
finance.yahoo.com - January 20 at 5:17 PM
capitalcube.com logoCarolina Financial Corp. :CARO-US: Earnings Analysis: Q4, 2016 By the Numbers : January 20, 2017 (NASDAQ:CARO)
www.capitalcube.com - January 20 at 5:17 PM
us.rd.yahoo.com logoEdited Transcript of CARO earnings conference call or presentation 19-Jan-17 7:00pm GMT (NASDAQ:CARO)
us.rd.yahoo.com - January 20 at 3:18 AM
News IconFederal watchdog sues TCF Financial over overdraft fees (NASDAQ:CARO)
www.foxcarolina.com - January 19 at 5:15 PM
News IconCarolina Financial (NASDAQ:CARO) reports 4Q16 earnings results; Topline up 32.1%; Tops Estimate (NASDAQ:CARO)
stockmarketdaily.co - January 19 at 5:15 PM
News IconEarnings jump at Charleston bank parent Carolina Financial (NASDAQ:CARO)
www.postandcourier.com - January 19 at 5:15 PM
globenewswire.com logoEntegra Financial Corp. Announces Annual and Fourth Quarter 2016 Results (NASDAQ:CARO)
globenewswire.com - January 19 at 5:15 PM
biz.yahoo.com logoCAROLINA FINANCIAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:CARO)
biz.yahoo.com - January 19 at 5:15 PM
finance.yahoo.com logo4:20 pm Carolina Financial commences underwritten offering of approximately $40 mln of its common stock (NASDAQ:CARO)
finance.yahoo.com - January 19 at 5:15 PM
finance.yahoo.com logoCarolina Financial Corporation Announces Proposed Offering of Common Stock (NASDAQ:CARO)
finance.yahoo.com - January 19 at 5:15 PM
us.rd.yahoo.com logoCarolina Financial Corporation Reports Results for Fourth Quarter of 2016 (NASDAQ:CARO)
us.rd.yahoo.com - January 18 at 8:39 PM
biz.yahoo.com logoCAROLINA FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial St (NASDAQ:CARO)
us.rd.yahoo.com - January 18 at 8:39 PM
sg.finance.yahoo.com logoCarolina Financial posts 4Q profit (NASDAQ:CARO)
sg.finance.yahoo.com - January 18 at 8:39 PM
feeds.reuters.com logoBRIEF-Carolina Financial Corp reports Q4 earnings per share $0.41 (NASDAQ:CARO)
feeds.reuters.com - January 18 at 4:33 PM

Social

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 declared a quarterly dividend on Friday, January 20th. Shareholders of record on Friday, March 17th will be given a dividend of $0.04 per share on Friday, April 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, March 15th.

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

4 brokers have issued 1-year price targets for Carolina Financial Corporation's shares. Their predictions range from $22.50 to $22.50. On average, they expect Carolina Financial Corporation's share price to reach $22.50 in the next year.

When will Carolina Financial Corporation announce their earnings?

Carolina Financial Corporation is scheduled to release their next quarterly earnings announcement on Thursday, April, 20th 2017.

What are analysts saying about Carolina Financial Corporation stock?

Here are some recent quotes from research analysts about Carolina Financial Corporation stock:

  • 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. " (1/25/2017)

  • 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 owns Carolina Financial Corporation stock?

Carolina Financial Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Systematic Financial Management LP (2.13%), Stieven Capital Advisors L.P. (1.27%), Renaissance Technologies LLC (1.21%), State Street Corp (1.16%), Siena Capital Management LLC (1.11%) and Dimensional Fund Advisors LP (0.50%). Company insiders that own Carolina Financial Corporation stock include Daniel H Isaac Jr, Jeffery L Deal, M J Huggins III, Michael P Leddy, Thompson E Penney, W Scott Brandon and William A Gehman III.

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 Stieven Capital Advisors L.P. and Martingale Asset Management L P.

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

Carolina Financial Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Renaissance Technologies LLC, Siena Capital Management LLC, Dimensional Fund Advisors LP, Two Sigma Investments LP, Cornercap Investment Counsel Inc., O Shaughnessy Asset Management LLC and State Street Corp. Company insiders that have bought Carolina Financial Corporation stock in the last two years include Daniel H Isaac Jr, Jeffery L Deal, Thompson E Penney, W Scott Brandon and William A Gehman III.

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.

How much does a share of Carolina Financial Corporation stock cost?

One share of Carolina Financial Corporation stock can currently be purchased for approximately $30.72.

Carolina Financial Corporation (NASDAQ:CARO) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Carolina Financial Corporation (NASDAQ:CARO)

Earnings History Chart

Earnings by Quarter for Carolina Financial Corporation (NASDAQ:CARO)

Dividend History Chart

Dividend Payments by Quarter for Carolina Financial Corporation (NASDAQ:CARO)

Last Updated on 2/23/2017 by MarketBeat.com Staff