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

$24.70
-1.82 (-6.86 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$24.48
Now: $24.70
$25.70
50-Day Range
$21.15
MA: $31.85
$39.32
52-Week Range
$20.72
Now: $24.70
$43.85
Volume198,047 shs
Average Volume264,204 shs
Market Capitalization$613.30 million
P/E Ratio8.82
Dividend Yield1.51%
Beta1.16
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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Carolina Financial logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CARO
CUSIPN/A
Phone843-723-7700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$224.23 million
Cash Flow$3.14 per share
Book Value$29.97 per share

Profitability

Net Income$62.74 million

Miscellaneous

Employees735
Market Cap$613.30 million
Next Earnings Date4/22/2020 (Estimated)
OptionableNot Optionable

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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 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.

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) 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.

How often does Carolina Financial pay dividends? What is the dividend yield for Carolina Financial?

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.

What price target have analysts set for CARO?

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.

Has Carolina Financial been receiving favorable news coverage?

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.

Who are some of Carolina Financial's key competitors?

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."

Who are Carolina Financial's major shareholders?

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.

Which institutional investors are selling Carolina Financial stock?

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.

Which institutional investors are buying Carolina Financial stock?

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.

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 $24.70.

How big of a company is Carolina Financial?

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.

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]


MarketBeat Community Rating for Carolina Financial (NASDAQ CARO)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  272 (Thanks for Voting!)
Underperform Votes:  336 (Thanks for Voting!)
Total Votes:  608
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.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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