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

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$34.76 -0.56 (-1.59 %)
(As of 03/22/2019 04:16 AM ET)
Previous Close$35.32
Today's Range$34.75 - $35.68
52-Week Range$27.62 - $45.58
Volume44,419 shs
Average Volume58,938 shs
Market Capitalization$775.29 million
P/E Ratio12.15
Dividend Yield0.91%
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 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.

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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$3.3042 per share
Book Value$25.49 per share

Profitability

Net Income$49.67 million

Miscellaneous

EmployeesN/A
Market Cap$775.29 million
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 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, March 14th. This is a positive change 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 earnings results on Thursday, January, 24th. The financial services provider reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The financial services provider had revenue of $43.41 million for the quarter, compared to the consensus estimate of $45.07 million. Carolina Financial had a net margin of 24.72% and a return on equity of 11.60%. 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 Monday, April 29th 2019. View Earnings Estimates for Carolina Financial.

What price target have analysts set for CARO?

4 brokers have issued 12 month price targets for Carolina Financial's shares. Their predictions range from $19.00 to $41.00. On average, they anticipate Carolina Financial's share price to reach $33.00 in the next year. This suggests that the stock has a possible downside of 5.1%. 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?

Media stories about CARO stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Carolina Financial earned a daily sentiment score of 1.3 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the immediate future.

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 QUALCOMM (QCOM), General Electric (GE), Home Depot (HD), AMN Healthcare Services (AMN), Charles Schwab (SCHW), Visa (V), Dollar General (DG), Colgate-Palmolive (CL), Popular (BPOP) and Freeport-McMoRan (FCX).

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 retail and institutional 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 $34.76.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $775.29 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?

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:  2.4 out of 5 (star star)
Outperform Votes:  222 (Vote Outperform)
Underperform Votes:  240 (Vote Underperform)
Total Votes:  462
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 3/22/2019 by MarketBeat.com Staff

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