NASDAQ:CAROCarolina Financial Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Carolina Financial Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $27.02 +0.53 (+2.00 %) (As of 04/7/2020 04:00 PM ET) Add Compare Share Today's Range$26.66Now: $27.02▼$27.9650-Day Range$21.15MA: $29.42▼$38.3952-Week Range$20.72Now: $27.02▼$43.85Volume289,447 shsAverage Volume275,953 shsMarket Capitalization$670.91 millionP/E Ratio9.65Dividend Yield1.62%Beta1.25 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.1 Analyst's Opinion Consensus RatingCarolina Financial has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.66, Carolina Financial has a potential upside of 35.7% from its current price of $27.02.Amount of Analyst CoverageCarolina Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesCarolina Financial has received 272 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCarolina Financial has received 338 “underperform” votes. (Add your “underperform” vote.)Community SentimentCarolina Financial has received 55.41% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipCarolina Financial is a leading dividend payer. It pays a dividend yield of 1.62%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCarolina Financial has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Carolina Financial is 13.61 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Carolina Financial will have a dividend payout ratio of 13.03 % next year. This indicates that Carolina Financial will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carolina Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.89% of the stock of Carolina Financial is held by insiders.Percentage Held by Institutions53.88% of the stock of Carolina Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Carolina Financial are expected to grow by 6.23% in the coming year, from $2.89 to $3.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carolina Financial is 9.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.88.Price to Earnings Ratio vs. SectorThe P/E ratio of Carolina Financial is 9.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.32.Price to Book Value per Share RatioCarolina Financial has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.1Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.60 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:CARO Previous Symbol CUSIPN/A CIK870385 Webhttp://www.haveanicebank.com/ Phone843-723-7700Debt Debt-to-Equity Ratio0.10 Current Ratio0.87 Quick Ratio0.86Price-To-Earnings Trailing P/E Ratio9.65 Forward P/E Ratio9.35 P/E GrowthN/A Sales & Book Value Annual Sales$224.23 million Price / Sales2.99 Cash Flow$3.68 per share Price / Cash Flow7.34 Book Value$29.97 per share Price / Book0.90Profitability EPS (Most Recent Fiscal Year)$2.94 Net Income$62.74 million Net Margins27.98% Return on Equity10.49% Return on Assets1.63%Miscellaneous Employees735 Outstanding Shares24,830,000Market Cap$670.91 million Next Earnings Date4/22/2020 (Estimated) OptionableNot Optionable Receive CARO News and Ratings via Email Sign-up to receive the latest news and ratings for CARO and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:CARO Rates by TradingView Carolina Financial (NASDAQ:CARO) Frequently Asked Questions How has Carolina Financial's stock been impacted by COVID-19 (Coronavirus)? Carolina Financial's stock was trading at $25.24 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CARO stock has increased by 7.1% and is now trading at $27.02. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Carolina Financial? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carolina Financial in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carolina Financial. When is Carolina Financial's next earnings date? Carolina Financial is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Carolina Financial. How were Carolina Financial's earnings last quarter? Carolina Financial Corp (NASDAQ:CARO) released its earnings results on Friday, January, 31st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.76 by $0.02. The financial services provider had revenue of $48.60 million for the quarter, compared to the consensus estimate of $48.13 million. Carolina Financial had a return on equity of 10.49% and a net margin of 27.98%. View Carolina Financial's earnings history. How often does Carolina Financial pay dividends? What is the dividend yield for Carolina Financial? Carolina Financial declared a quarterly dividend on Thursday, January 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.10 per share on Monday, April 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, March 13th. View Carolina Financial's dividend history. What price target have analysts set for CARO? 4 brokers have issued 12-month target prices for Carolina Financial's stock. Their forecasts range from $31.65 to $39.00. On average, they expect Carolina Financial's share price to reach $36.66 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price. View analysts' price targets for Carolina Financial. Has Carolina Financial been receiving favorable news coverage? Press coverage about CARO stock has been trending very negative on Tuesday, InfoTrie reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Carolina Financial earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutCarolina Financial. Who are some of Carolina Financial's key competitors? Some companies that are related to Carolina Financial include Independent Bank (INDB), United Bankshares (UBSI), Bank of Hawaii (BOH), Bancorpsouth Bank (BXS), IBERIABANK (IBKC), Home Bancshares (HOMB), Bank Ozk (OZK), First Hawaiian (FHB), Associated Banc (ASB), Wintrust Financial (WTFC), Investors Bancorp (ISBC), International Bancshares (IBOC), First Interstate Bancsystem (FIBK), Columbia Banking System (COLB) and Ameris Bancorp (ABCB). 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), PepsiCo (PEP), Eastman Chemical (EMN), Westrock (WRK), Dropbox (DBX), Huntington Bancshares (HBAN), Pattern Energy Group (PEGI), Petmed Express (PETS), Primo Water (PRMW) and QUALCOMM (QCOM). 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) What is Carolina Financial's stock symbol? Carolina Financial trades on the NASDAQ under the ticker symbol "CARO." 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, Robinhood, Fidelity, and Charles Schwab. What is Carolina Financial's stock price today? One share of CARO stock can currently be purchased for approximately $27.02. How big of a company is Carolina Financial? Carolina Financial has a market capitalization of $670.91 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. Carolina Financial employs 735 workers across the globe. View additional information about Carolina Financial. 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] This page was last updated on 4/7/2020 by MarketBeat.com StaffFeatured Article: Closed-End Mutual Funds
