NASDAQ:CARO

Carolina Financial (CARO) Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: $32.50
▼
$33.79
50-Day Range: $29.36
▼
$35.09
52-Week Range: $20.72
▼
$43.85

Volume: 691,192 shs
Average Volume: 178,226 shs
Market Capitalization: $816.28 million

P/E Ratio: 11.74
Dividend Yield: 1.22%
Price Target: N/A

Profile Financials Institutional Ownership Headlines SEC Filings Short Interest Social Media

About Carolina Financial (NASDAQ:CARO) Stock

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.

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CARO Company Calendar

Last Earnings: 10/25/2019
Today: 10/04/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State Commercial Banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CARO
CUSIP: N/A
CIK: 870385
Web: www.haveanicebank.com
Phone: 843-723-7700
Fax: N/A
Employees: 735
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.94
Trailing P/E Ratio: 11.74
Forward P/E Ratio: 12.45
P/E Growth: N/A
Net Income: $62.74 million
Net Margins: 27.98%
Pretax Margin: N/A
Return on Equity: 10.49%
Return on Assets: 1.63%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.87
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $224.23 million
Price / Sales: 3.64
Cash Flow: $3.37 per share
Price / Cash Flow: 9.76
Book Value: $29.97 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 24,826,000
Free Float: N/A
Market Cap: $816.28 million
Optionable: Not Optionable
Beta: 1.40

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Key Executives

Mr. Jerold L. Rexroad CPA (Age 59)
CPA, Pres, CEO & Director

Mr. William A. Gehman III (Age 58)
Exec. VP & CFO

Mr. David L. Morrow (Age 69)
Exec. VP & Director

Mr. Melton J. Huggins III (Age 56)
Exec. VP & Sec.

Key Competitors

View All Competitors

CARO Stock - Frequently Asked Questions

How were Carolina Financial's earnings last quarter?: Carolina Financial Corp (NASDAQ:CARO) issued its quarterly earnings data on Friday, October, 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The financial services provider had revenue of $48.90 million for the quarter, compared to the consensus estimate of $46.60 million. Carolina Financial had a net margin of 27.98% and a trailing twelve-month return on equity of 10.49%.
Is Carolina Financial a good dividend stock?: Carolina Financial (NASDAQ:CARO) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 13.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARO will have a dividend payout ratio of 14.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARO.
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), 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 (NASDAQ:CARO) 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?: The company employs 735 workers across the globe.
How can I contact Carolina Financial?: Carolina Financial's mailing address is 288 MEETING STREET, CHARLESTON SC, 29401. The official website for the company is www.haveanicebank.com. The financial services provider can be reached via phone at 843-723-7700 or via email at bgehman@haveanicebank.com.

This page (NASDAQ:CARO) was last updated on 10/4/2023 by MarketBeat.com Staff

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Carolina Financial (CARO) Stock Forecast, Price & News

About Carolina Financial (NASDAQ:CARO) Stock

CARO Stock News Headlines

CARO Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CARO Stock - Frequently Asked Questions

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