NASDAQ:CARO

Carolina Financial (CARO) Stock Price, News & Analysis

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

About Carolina Financial Stock (NASDAQ:CARO)

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.

CARO Stock News Headlines

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Thousands of investors use this no cost solution | Do you?
In today’s volatile markets we are all looking for the edge. But imagine tapping into a world where every investment move has the potential to be ahead of the curve. Most investors have heard of the publication Insider Financial. For nearly a decade, they've unlocked doors to opportunities tucked away from the public eye, guiding over a million investors with well researched information before it hits the mainstream media.
See More Headlines
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Company Calendar

Last Earnings
10/25/2019
Today
4/23/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State Commercial Banks
Sub-Industry
N/A
Current Symbol
NASDAQ:CARO
Fax
N/A
Employees
735
Year Founded
N/A

Profitability

Net Income
$62.74 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$224.23 million
Cash Flow
$3.37 per share
Book Value
$29.97 per share

Miscellaneous

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.

CARO Stock Analysis - Frequently Asked Questions

How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) announced its earnings results on Friday, October, 25th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.05. The financial services provider earned $48.90 million during 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).

This page (NASDAQ:CARO) was last updated on 4/23/2024 by MarketBeat.com Staff

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