NASDAQ:CAROCarolina Financial Stock Price, Forecast & News

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 increased by 30.3% and is now trading at $32.88. View which stocks have been most impacted by Coronavirus.

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

Carolina Financial Corp (NASDAQ:CARO) posted its quarterly earnings data on Friday, October, 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. The financial services provider earned $48.90 million during the quarter, compared to analyst estimates of $46.60 million. Carolina Financial had a net margin of 27.98% and a return on equity of 10.49%. View Carolina Financial's earnings history.

Carolina Financial declared a quarterly dividend on Thursday, January 30th. Stockholders 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 yield of 1.22%. The ex-dividend date of this dividend is Friday, March 13th. View Carolina Financial's dividend history.

3 Wall Street analysts have issued twelve-month price objectives 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 $36.22 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price. View analysts' price targets for Carolina Financial.

News coverage about CARO stock has been trending very negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 -3.5 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCarolina Financial.

Some companies that are related to Carolina Financial include Bank Ozk (OZK), United Bankshares (UBSI), CVB Financial (CVBF), Bank of Hawaii (BOH), Wintrust Financial (WTFC), Home Bancshares (HOMB), Independent Bank (INDB), Bancorpsouth Bank (BXS), First Hawaiian (FHB), IBERIABANK (IBKC), Associated Banc (ASB), Investors Bancorp (ISBC), Cathay General Bancorp (CATY), First Interstate Bancsystem (FIBK) and International Bancshares (IBOC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carolina Financial investors own include Exxon Mobil (XOM), Eastman Chemical (EMN), PepsiCo (PEP), Westrock (WRK), AbbVie (ABBV), Dominion Energy (D), Walt Disney (DIS), Domino's Pizza (DPZ), Enbridge (ENB) and Enterprise Products Partners (EPD).

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

Carolina Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.07%), ARP Americas LP (5.06%), Alliancebernstein L.P. (2.01%), State Street Corp (2.01%), Victory Capital Management Inc. (1.70%) and Victory Capital Management Inc. (1.70%). Company insiders that own Carolina Financial stock include 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.

CARO stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Mendon Capital Advisors Corp, Tributary Capital Management LLC, Invesco Ltd., UBS Group AG, Texas Permanent School Fund, Victory Capital Management Inc., and Victory Capital Management Inc.. Company insiders that have sold Carolina Financial company stock in the last year include David L Morrow, Ian T Clark, M J Huggins III, and W Scott Brandon. View insider buying and selling activity for Carolina Financial.

CARO stock was bought by a variety of institutional investors in the last quarter, including ARP Americas LP, Alliancebernstein L.P., Wolverine Asset Management LLC, Yakira Capital Management Inc., Assenagon Asset Management S.A., CNH Partners LLC, Alberta Investment Management Corp, and Beryl Capital Management LLC. View insider buying and selling activity for 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.

One share of CARO stock can currently be purchased for approximately $32.88.

Carolina Financial has a market capitalization of $816.28 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.

The official website for Carolina Financial is www.haveanicebank.com.

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]