NASDAQ:CARO - Carolina Financial Stock Price, Forecast & News

Carolina Financial's stock was trading at $25.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CARO shares have decreased by 2.1% and is now trading at $24.70. View which stocks have been mosted impacted by Coronavirus.

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.

Carolina Financial is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Carolina Financial.

Carolina Financial Corp (NASDAQ:CARO) issued its quarterly earnings data on Friday, January, 31st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.02. The financial services provider earned $48.60 million during the quarter, compared to analyst estimates 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.

Carolina Financial announced a quarterly dividend on Thursday, January 30th. Investors of record on Monday, March 16th will be paid a dividend of $0.10 per share on Monday, April 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, March 13th. View Carolina Financial's dividend history.

4 analysts have issued 12 month price targets for Carolina Financial's stock. Their forecasts range from $31.65 to $39.00. On average, they expect Carolina Financial's stock price to reach $36.66 in the next year. This suggests a possible upside of 48.4% from the stock's current price. View analysts' price targets for Carolina Financial.

News articles about CARO stock have been trending negative on Saturday, according to InfoTrie. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Carolina Financial earned a news sentiment score of -2.6 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCarolina Financial.

Some companies that are related to Carolina Financial include United Bankshares (UBSI), First Hawaiian (FHB), Bank Ozk (OZK), Independent Bank (INDB), Bank of Hawaii (BOH), IBERIABANK (IBKC), Investors Bancorp (ISBC), Associated Banc (ASB), Wintrust Financial (WTFC), Home Bancshares (HOMB), South State (SSB), Bancorpsouth Bank (BXS), First Interstate Bancsystem (FIBK), Columbia Banking System (COLB) and Cathay General Bancorp (CATY).

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).

Carolina Financial trades on the NASDAQ under the ticker symbol "CARO."

Carolina Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (5.33%), Tributary Capital Management LLC (2.20%), State Street Corp (1.93%), Mendon Capital Advisors Corp (1.79%), ARP Americas LP (1.75%) and Victory Capital Management Inc. (1.74%). Company insiders that own Carolina Financial stock include Daniel H Isaac Jr, David L Morrow, Fowler C Williams, Ian T Clark, Jeffery L Deal, Jerry L Rexroad, M J Huggins III, Michael P Leddy, Robert M Moise, W Scott Brandon and William A Gehman III. View institutional ownership trends for Carolina Financial.

CARO stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, Penn Capital Management Co. Inc., Janus Henderson Group PLC, Renaissance Technologies LLC, Banc Funds Co. LLC, Hotchkis & Wiley Capital Management LLC, Tributary Capital Management LLC, and SG Americas Securities LLC. Company insiders that have sold Carolina Financial company stock in the last year include David L Morrow, Ian T Clark, Jeffery L Deal, M J Huggins III, and W Scott Brandon. View insider buying and selling activity for Carolina Financial.

CARO stock was bought by a variety of institutional investors in the last quarter, including ARP Americas LP, Goldman Sachs Group Inc., UBS Group AG, Alliancebernstein L.P., CNH Partners LLC, Credit Suisse AG, Bank of America Corp DE, and Assenagon Asset Management S.A.. View insider buying and selling activity for 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.

One share of CARO stock can currently be purchased for approximately $24.70.

Carolina Financial has a market capitalization of $613.30 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.

The official website for Carolina Financial is http://www.haveanicebank.com/.

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]