Carolina 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
- Market Cap: $505.28 million
- Outstanding Shares: 15,957,000
- 50 Day Moving Avg: $31.06
- 200 Day Moving Avg: $30.19
- 52 Week Range: $16.89 - $33.39
Sales & Book Value:
- Trailing P/E Ratio: 21.38
- Foreward P/E Ratio: 14.72
- P/E Growth: 0.00
- Annual Revenue: $88.27 million
- Price / Sales: 5.67
- Book Value: $17.01 per share
- Price / Book: 1.84
- Annual Dividend: $0.16
- Dividend Yield: 0.5%
- Net Margins: 19.72%
- Return on Equity: 11.98%
- Return on Assets: 1.26%
- Debt-to-Equity Ratio: 0.20%
- Current Ratio: 0.81%
- Quick Ratio: 0.80%
- 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?
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?
Some companies that are related to Carolina Financial Corporation include City Holding Company (CHCO), State Bank Financial Corporation. (STBZ), Sandy Spring Bancorp (SASR), Hanmi Financial Corporation (HAFC), TBC Bank Group PLC (TBCG), Shawbrook Group PLC (SHAW), Customers Bancorp (CUBI), MainSource Financial Group (MSFG), Flushing Financial Corporation (FFIC), Oritani Financial Corp. (ORIT), Community Trust Bancorp (CTBI), Aldermore Group PLC (ALD), Republic Bancorp (RBCAA), Guaranty Bancorp (GBNK), TrustCo Bank Corp NY (TRST), HomeStreet (HMST), ConnectOne Bancorp (CNOB) and Xenith Bankshares (XBKS).
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?
MarketBeat Community Rating for Carolina Financial Corporation (NASDAQ CARO)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.
One share of Carolina Financial Corporation stock can currently be purchased for approximately $31.35.
Consensus Ratings for Carolina Financial Corporation (NASDAQ:CARO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
(Data available from 6/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/13/2017||Brean Capital||Upgrade||Hold -> Buy||High|
|6/13/2017||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$33.00 -> $38.00||High|
|4/5/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$33.00||Low|
|11/9/2016||Sandler O'Neill||Upgrade||Hold -> Buy||N/A|
|9/9/2016||Stephens||Initiated Coverage||Equal Weight||$22.50||N/A|
Earnings History for Carolina Financial Corporation (NASDAQ:CARO)Earnings History by Quarter for Carolina Financial Corporation (NASDAQ CARO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017|| || || || || || || || |
|4/24/2017||Q1 2017||$0.36||$0.41||$21.74 million||$22.50 million||View||N/A|
|1/18/2017||Q416||$0.42||$0.46||$21.77 million||$21.57 million||View||N/A|
|10/19/2016||Q316||$0.38||$0.47||$20.69 million||$22.83 million||View||N/A|
|1/22/2016||Q415||$0.35||$0.36||$17.80 million||$17.60 million||View||N/A|
|10/21/2015||Q3 2015||$0.38||$0.40||$18.21 million||View||N/A|
Earnings Estimates for Carolina Financial Corporation (NASDAQ:CARO)
Current Year EPS Consensus Estimate: $1.79 EPS
Next Year EPS Consensus Estimate: $2.13 EPS
Current Dividend Information for Carolina Financial Corporation (NASDAQ:CARO)
|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 History by Quarter for Carolina Financial Corporation (NASDAQ CARO)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Carolina Financial Corporation (NASDAQ:CARO)
Insider Ownership Percentage: 12.23%Insider Trades by Quarter for Carolina Financial Corporation (NASDAQ:CARO)
Institutional Ownership Percentage: 37.63%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/16/2017||Michael P Leddy||Director||Sell||20,000||$33.00||$660,000.00|| |
|3/16/2017||Jerry L Rexroad||CEO||Sell||442||$30.27||$13,379.34|| |
|1/25/2017||W. Scott Brandon||Director||Buy||3,464||$28.00||$96,992.00|| |
|11/14/2016||Daniel H Isaac Jr||Director||Buy||9,000||$25.00||$225,000.00|| |
|8/10/2016||Michael P Leddy||Director||Sell||10,000||$20.19||$201,900.00|| |
|6/16/2016||Daniel H Isaac Jr||Director||Buy||11,400||$17.59||$200,526.00|| |
|2/12/2016||Jeffery L. Deal||Director||Sell||500||$15.85||$7,925.00|| |
|2/11/2016||Jeffery L. Deal||Director||Sell||1,500||$15.59||$23,385.00|| |
|1/21/2016||William A. Gehman III||CFO||Sell||285||$16.31||$4,648.35|| |
|1/20/2016||M. J. Huggins III||EVP||Sell||305||$16.56||$5,050.80|| |
|11/5/2015||Michael P Leddy||Director||Sell||20,397||$14.80||$301,875.60|| |
|5/22/2015||Thompson E Penney||Director||Buy||1,800||$13.99||$25,182.00|| |
|5/18/2015||William A Gehman III||CFO||Buy||2,638||$14.17||$37,380.46|| |
|4/30/2015||Jeffery L Deal||Director||Buy||1,000||$14.10||$14,100.00|| |
|8/25/2014||Benedict P Rosen||Director||Buy||1,115||$25.00||$27,875.00|| |
|8/21/2014||W. Scott Brandon||Director||Buy||1,685||$25.00||$42,125.00|| |
|8/18/2014||W. Scott Brandon||Director||Buy||2,300||$24.72||$56,856.00|| |
|8/15/2014||William A Gehman III||CFO||Buy||1,000||$25.50||$25,500.00|| |
|8/11/2014||W. Scott Brandon||Director||Buy||4,338||$24.89||$107,972.82|| |
|5/1/2014||Jerry L Rexroad||CEO||Buy||1,500||$20.35||$30,525.00|| |
|4/28/2014||William A Gehman III||CFO||Buy||5,500||$20.48||$112,640.00|| |
Headline Trends for Carolina Financial Corporation (NASDAQ:CARO)
Latest Headlines for Carolina Financial Corporation (NASDAQ:CARO)
|Carolina Financial Corporation (CARO) Receives Average Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - June 20 at 8:34 AM
|Insider Selling: Carolina Financial Corporation (CARO) Director Sells 20,000 Shares of Stock|
www.americanbankingnews.com - June 16 at 4:23 PM
|BRIEF-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
|Carolina Financial (CARO) in Focus: Stock Moves 5.7% Higher|
finance.yahoo.com - June 14 at 4:51 PM
|Carolina 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
|BRIEF-Carolina Financial Corp announces agreement to acquire First South Bancorp|
www.reuters.com - June 14 at 1:44 AM
|Carolina Financial's (CARO) CEO Jerry Rexroad on Acquisition of First South Bancorp (Transcript)|
seekingalpha.com - June 14 at 1:44 AM
|Carolina Financial Corporation (CARO) Rating Increased to Buy at Brean Capital|
www.americanbankingnews.com - June 13 at 11:34 AM
|Raymond James Financial, Inc. Upgrades Carolina Financial Corporation (CARO) to "Strong-Buy"|
www.americanbankingnews.com - June 13 at 9:04 AM
|Carolina Financial Corporation Announces Agreement to Acquire First South Bancorp, Inc. Expands Presence in North Carolina|
finance.yahoo.com - June 12 at 5:11 PM
|4 Reasons to Bet on Carolina Financial (CARO) Stock Now|
finance.yahoo.com - June 12 at 5:11 PM
|CEO: Carolina Financial Corporation buyout of First South driven by Triangle 'opportunity'|
finance.yahoo.com - June 12 at 5:11 PM
|Once Stalwart Oil Stock Bulls Starting to Say Enough Is Enough|
www.bloomberg.com - June 10 at 4:16 PM
|House votes along party lines to repeal key Dodd-Frank financial reforms|
www.latimes.com - June 9 at 3:10 AM
|ETFs with exposure to Carolina Financial Corp. : June 6, 2017|
finance.yahoo.com - June 6 at 4:21 PM
|Carolina Financial Corp. :CARO-US: Earnings Analysis: Q1, 2017 By the Numbers : June 5, 2017|
finance.yahoo.com - June 5 at 12:22 PM
|Carolina Financial Corp (CARO) Upgraded to "Buy" by Zacks Investment Research|
www.americanbankingnews.com - June 2 at 7:30 PM
|North Carolina software firm acquires Boston tech company|
www.bizjournals.com - May 31 at 9:14 PM
|Carolina Financial Corp (CARO) Downgraded by Zacks Investment Research to Hold|
www.americanbankingnews.com - May 30 at 5:02 PM
|Carolina Financial Corp (CARO) Receives Consensus Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - May 26 at 9:21 AM
|Carolina Financial Corp (CARO) Sees Significant Drop in Short Interest|
www.americanbankingnews.com - May 24 at 8:22 PM
|VivoPower International PLC Announces Substantial Completion and Partial Sale of 47 MW Solar Project in North Carolina|
globenewswire.com - May 24 at 4:00 PM
|Carolina Financial Corp (CARO) Upgraded to "Buy" at Zacks Investment Research|
www.americanbankingnews.com - May 23 at 4:24 PM
|Carolina Financial Corp (CARO) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - May 22 at 6:26 PM
|Carolina Financial Corp. – Value Analysis (NASDAQ:CARO) : May 19, 2017|
finance.yahoo.com - May 19 at 4:04 PM
|Carolina 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
|The Keith Corp. underway on $4.2M center for CBI|
www.bizjournals.com - May 17 at 4:14 PM
|3 Reasons Why BOK Financial (BOKF) Stock is a Must Buy Now|
finance.yahoo.com - May 17 at 11:45 AM
|Carolina Financial Corp (CARO) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - May 16 at 6:26 PM
|Catasys Appoints New Chief Financial Officer|
www.bizjournals.com - May 16 at 11:18 AM
|Zacks Investment Research Lowers Carolina Financial Corp (CARO) to Hold|
www.americanbankingnews.com - May 15 at 5:42 PM
|North 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
|Millennial entrepreneur sells his company to another millennial|
www.bizjournals.com - May 12 at 2:47 AM
|Oak 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
|Community banks in North Carolina respond to talk of Dodd-Frank rollbacks|
www.bizjournals.com - May 8 at 4:05 PM
|Carolina Financial Corp (CARO) to Issue Quarterly Dividend of $0.04|
www.americanbankingnews.com - May 2 at 7:38 PM
|Carolina Financial Corp (CARO) Receiving Favorable Press Coverage, Report Finds|
www.americanbankingnews.com - May 2 at 12:24 PM
|West Town Bancorp, Inc. Announces First Quarter 2017 Financial Results|
www.bizjournals.com - May 1 at 4:09 PM
|Carolina Financial Corp (CARO) Given Average Rating of "Buy" by Brokerages|
www.americanbankingnews.com - May 1 at 12:05 PM
|Carolina Financial Corp (CARO) Earning Somewhat Favorable Media Coverage, Study Finds|
www.americanbankingnews.com - April 29 at 2:03 PM
|SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Ocwen Financial …|
finance.yahoo.com - April 28 at 10:09 PM
|Carolina Financial Corp (CARO) Raised to Buy at Zacks Investment Research|
www.americanbankingnews.com - April 28 at 7:56 PM
|Carolina Financial Corp (CARO) Receiving Favorable Media Coverage, Analysis Finds|
www.americanbankingnews.com - April 27 at 12:34 AM
|Edited Transcript of CARO earnings conference call or presentation 25-Apr-17 6:00pm GMT|
finance.yahoo.com - April 26 at 2:59 PM
|Brean Capital Weighs in on Carolina Financial Corp's FY2018 Earnings (CARO)|
www.americanbankingnews.com - April 25 at 3:06 PM
|Carolina Financial Corp (CARO) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS|
www.americanbankingnews.com - April 25 at 10:39 AM
|Carolina Financial posts 1Q profit|
marketbeat.com - April 24 at 4:54 PM
|Carolina Financial Corporation Reports Results for First Quarter of 2017|
finance.yahoo.com - April 24 at 4:05 PM
|Carolina 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
|Carolina Financial Corp (CARO) Getting Somewhat Favorable News Coverage, Report Finds|
www.americanbankingnews.com - April 23 at 2:31 PM
Carolina Financial Corporation (CARO) Chart for Saturday, June, 24, 2017