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Carolina Financial Stock Price, Forecast & Analysis (NASDAQ:CARO)

$38.59
+0.07 (+0.18 %)
(As of 11/15/2019 04:00 PM ET)
Today's Range
$38.37
Now: $38.59
$38.80
50-Day Range
$34.33
MA: $36.46
$38.84
52-Week Range
$27.62
Now: $38.59
$39.22
Volume45,800 shs
Average Volume74,304 shs
Market Capitalization$858.63 million
P/E Ratio13.49
Dividend Yield0.93%
Beta1.01
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. Read More…

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$200.95 million
Cash Flow$3.38 per share
Book Value$27.94 per share

Profitability

Net Income$49.67 million

Miscellaneous

Employees735
Market Cap$858.63 million
Next Earnings Date1/23/2020 (Estimated)
OptionableNot Optionable

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Carolina Financial (NASDAQ:CARO) Frequently Asked Questions

What is Carolina Financial's stock symbol?

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

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

Carolina Financial announced a quarterly dividend on Wednesday, July 24th. Stockholders of record on Friday, September 13th will be given a dividend of $0.09 per share on Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, September 12th. View Carolina Financial's Dividend History.

How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) released its quarterly earnings data on Friday, October, 25th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks' 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 28.30% and a return on equity of 11.13%. View Carolina Financial's Earnings History.

When is Carolina Financial's next earnings date?

Carolina Financial is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for Carolina Financial.

What price target have analysts set for CARO?

5 brokerages have issued 1-year target prices for Carolina Financial's stock. Their forecasts range from $38.00 to $41.00. On average, they anticipate Carolina Financial's share price to reach $39.20 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price. View Analyst Price Targets for Carolina Financial.

What is the consensus analysts' recommendation for Carolina Financial?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carolina Financial in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Carolina Financial.

Has Carolina Financial been receiving favorable news coverage?

News stories about CARO stock have trended neutral this week, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Carolina Financial earned a daily sentiment score of 0.2 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Carolina 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 PepsiCo (PEP), Addus Homecare (ADUS), Alexion Pharmaceuticals (ALXN), Popular (BPOP), Celgene (CELG), QUALCOMM (QCOM), Texas Capital Bancshares (TCBI), AMN Healthcare Services (AMN), Walt Disney (DIS) and Domino's Pizza (DPZ).

Who are Carolina Financial's key executives?

Carolina Financial's management team includes the folowing 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)

Who are Carolina Financial's major shareholders?

Carolina Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (2.26%), California Public Employees Retirement System (0.20%), Rice Hall James & Associates LLC (0.20%), Envestnet Asset Management Inc. (0.17%), Rhumbline Advisers (0.15%) and First National Bank of Omaha (0.13%). 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 major investors are selling Carolina Financial stock?

CARO stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, First Trust Advisors LP, Chicago Equity Partners LLC, Rice Hall James & Associates LLC, First National Bank of Omaha, Commonwealth Equity Services LLC, Envestnet Asset Management Inc. and Teton Advisors Inc.. 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, Michael P Leddy, Robert M Moise and W Scott Brandon. View Insider Buying and Selling for Carolina Financial.

Which major investors are buying Carolina Financial stock?

CARO stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Synovus Financial Corp, BB&T Securities LLC, Russell Investments Group Ltd., Rhumbline Advisers and Monarch Partners Asset Management LLC. View Insider Buying and Selling 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 $38.59.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $858.63 million and generates $200.95 million in revenue each year. The financial services provider earns $49.67 million in net income (profit) each year or $2.86 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:  2.3 out of 5 (star star)
Outperform Votes:  252 (Vote Outperform)
Underperform Votes:  306 (Vote Underperform)
Total Votes:  558
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 11/16/2019 by MarketBeat.com Staff

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