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 checking accounts, commercial accounts, savings accounts, money market accounts, retirement accounts, longer-term certificates of deposit, noninterest-bearing demand accounts, and interest-bearing demand accounts to individuals, businesses, associations, organizations, and governmental authorities. 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 correspondent lending and loan servicing. The company operates through a network of 62 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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone843-723-7700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$200.95 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/29/2019 (Estimated)
OptionableNot Optionable
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 declared a quarterly dividend on Wednesday, January 23rd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.08 per share on Friday, April 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Carolina Financial's previous quarterly dividend of $0.07. View Carolina Financial's Dividend History.
How were Carolina Financial's earnings last quarter?
Carolina Financial Corp (NASDAQ:CARO) posted its quarterly earnings data on Thursday, January, 24th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.07. The financial services provider earned $43.41 million during the quarter, compared to analyst estimates of $45.07 million. Carolina Financial had a return on equity of 11.60% and a net margin of 24.72%. View Carolina Financial's Earnings History.
When is Carolina Financial's next earnings date?
What price target have analysts set for CARO?
4 equities research analysts have issued 12-month price objectives for Carolina Financial's stock. Their predictions range from $19.00 to $41.00. On average, they expect Carolina Financial's share price to reach $33.00 in the next year. This suggests a possible upside of 0.0% from the stock's current price. 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Carolina Financial.
What are Wall Street analysts saying about Carolina Financial stock?
Here are some recent quotes from research analysts about Carolina Financial stock:
- 1. According to Zacks Investment Research, "Carolina Financial Corporation is the holding company of CresCom Bank. It operates through three reportable segments: Community Banking, Wholesale Mortgage Banking, and other. Its deposit products include checking accounts, commercial accounts, savings accounts, retirement accounts, and other time deposits. The company's loan portfolio comprises loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, residential mortgage loans, residential lot loans, home equity loans, and consumer loans. The company also offers mortgage banking services comprising correspondent lending and loan servicing; and cash management services. Carolina Financial Corporation is based in Charleston, South Carolina. " (1/15/2019)
- 2. Brean Capital analysts commented, "We calculate another operating beat, this time by 8%, which leads us to increase our estimates and target price. With the First South conversion complete and healthy pipelines going into Q2, we continue to believe CARO is well-positioned for organic growth as market demographics and M&A dislocation are providing attractive opportunities. While there are headwinds around deposit betas and some irrational loan pricing in select markets, we believe CARO’s disciplined underwriting and its position as the 2nd-largest community bank in the Carolinas should allow the company to more effectively navigate the highly competitive environment. Organic growth is the primary focus; however, we do expect CARO to engage in additional external growth transactions (whole bank or mortgage servicing) as capital levels build at an accelerated pace. As such, we believe upside remains as we increase our target to $46 from $45, which equates to 14.5x our 2019 EPS and 2.6x Q1’19 TBV vs. less-profitable peers at 13.2x/1.9x." (5/7/2018)
Has Carolina Financial been receiving favorable news coverage?
News coverage about CARO stock has trended somewhat positive this week, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog 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 media sentiment score of 0.6 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.
Who are some of Carolina Financial's key competitors?
Some companies that are related to Carolina Financial include Home Bancshares (HOMB), CVB Financial (CVBF), Chemical Financial (CHFC), Texas Capital Bancshares (TCBI), Cathay General Bancorp (CATY), Union Bankshares (UBSH), Bancorpsouth Bank (BXS), First Interstate Bancsystem (FIBK), International Bancshares (IBOC), South State (SSB), Columbia Banking System (COLB), First Bancorp (FBP), Independent Bank Group (IBTX), Renasant (RNST) and United Community Banks (UCBI).
What other stocks do shareholders of Carolina Financial own?
Who are Carolina Financial's key executives?
Carolina Financial's management team includes the folowing people:
- Mr. Jerold L. Rexroad CPA, CEO, Pres & Director (Age 59)
- Mr. David L. Morrow, Exec. VP & Director (Age 69)
- Mr. Melton J. Huggins III, Exec. VP & Sec. (Age 56)
- Mr. William A. Gehman III, Exec. VP & CFO (Age 58)
- Mr. Fowler C. Williams, Pres & Director of Crescent Mortgage Company (Age 44)
Who are Carolina Financial's major shareholders?
Carolina Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.21%), Dimensional Fund Advisors LP (3.36%), Dimensional Fund Advisors LP (3.36%), Mendon Capital Advisors Corp (2.82%), RMB Capital Management LLC (2.19%) and Tributary Capital Management LLC (2.02%). Company insiders that own Carolina Financial stock include Daniel H Isaac Jr, Fowler C Williams, 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 BlackRock Inc., California Public Employees Retirement System, Emerald Mutual Fund Advisers Trust, Raymond James Financial Services Advisors Inc., Raymond James & Associates, WINTON GROUP Ltd, First Trust Advisors LP and John W. Rosenthal Capital Management Inc.. Company insiders that have sold Carolina Financial company stock in the last year include Fowler C Williams, Jeffery L Deal, Jerry L Rexroad, M J Huggins III, Michael P Leddy, Robert M Moise and William A Gehman III. View Insider Buying and Selling for Carolina Financial.
Which major investors are buying Carolina Financial stock?
CARO stock was purchased by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Tributary Capital Management LLC, Penn Capital Management Co. Inc., RMB Capital Management LLC, Geode Capital Management LLC and Geode Capital 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, Scottrade, Fidelity and Charles Schwab.
What is Carolina Financial's stock price today?
One share of CARO stock can currently be purchased for approximately $32.99.
How big of a company is Carolina Financial?
Carolina Financial has a market capitalization of $735.68 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.
What is Carolina Financial's official website?
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)
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.
