Log in

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

$40.83
-0.73 (-1.76 %)
(As of 01/27/2020 04:30 AM ET)
Today's Range
$40.59
Now: $40.83
$41.65
50-Day Range
$40.83
MA: $42.45
$43.81
52-Week Range
$32.52
Now: $40.83
$43.85
Volume84,454 shs
Average Volume114,848 shs
Market Capitalization$1.01 billion
P/E Ratio14.90
Dividend Yield0.96%
Beta1
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$3.33 per share
Book Value$25.49 per share

Profitability

Net Income$49.67 million

Miscellaneous

Employees735
Market Cap$1.01 billion
Next Earnings Date1/31/2020 (Confirmed)
OptionableNot Optionable

Receive CARO News and Ratings via Email

Sign-up to receive the latest news and ratings for CARO and its competitors with MarketBeat's FREE daily newsletter.


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, October 23rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.10 per share on Friday, January 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 12th. View Carolina Financial's Dividend History.

How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) released its quarterly earnings results on Friday, October, 25th. The financial services provider reported $0.78 earnings per share 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 analysts' expectations 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 Friday, January 31st 2020. View Earnings Estimates for Carolina Financial.

What price target have analysts set for CARO?

4 equities research analysts have issued 1 year price targets for Carolina Financial's stock. Their forecasts range from $38.00 to $44.65. On average, they anticipate Carolina Financial's share price to reach $39.91 in the next year. This suggests that the stock has a possible downside of 2.2%. View Analyst Price Targets for Carolina Financial.

What is the consensus analysts' recommendation for Carolina Financial?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carolina Financial in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Carolina Financial.

Has Carolina Financial been receiving favorable news coverage?

Media coverage about CARO stock has been trending extremely negative on Monday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Carolina Financial earned a news impact score of -4.5 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Carolina Financial.

Are investors shorting Carolina Financial?

Carolina Financial saw a drop in short interest in December. As of December 13th, there was short interest totalling 651,800 shares, a drop of 9.1% from the November 28th total of 716,700 shares. Based on an average daily trading volume, of 120,900 shares, the days-to-cover ratio is currently 5.4 days. Approximately 3.1% of the shares of the company are short sold. View Carolina Financial's Current Options Chain.

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), Altria Group (MO), Westrock (WRK), Andersons (ANDE), Dropbox (DBX), Huntington Bancshares (HBAN), Pattern Energy Group (PEGI) and Petmed Express (PETS).

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 a variety of of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (2.20%), Assenagon Asset Management S.A. (0.34%), First National Bank of Omaha (0.14%), Nachman Norwood & Parrott Inc (0.05%), Alpine Global Management LLC (0.03%) and Janney Montgomery Scott LLC (0.02%). 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. 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Alpine Global Management LLC, Janney Montgomery Scott LLC, JBJ Investment Partners LLC, Nachman Norwood & Parrott Inc and First National Bank of Omaha. 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 $40.83.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $1.01 billion 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:  2.2 out of 5 (star star)
Outperform Votes:  261 (Vote Outperform)
Underperform Votes:  321 (Vote Underperform)
Total Votes:  582
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 1/27/2020 by MarketBeat.com Staff

Featured Article: What is Forex?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel