About Carolina Financial (NASDAQ:CARO)
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
SymbolNASDAQ:CARO
CUSIPN/A
Phone843-723-7700
Debt
Debt-to-Equity Ratio0.15%
Current Ratio0.82%
Quick Ratio0.81%
Price-To-Earnings
Trailing P/E Ratio19.80
Forward P/E Ratio14.18
P/E GrowthN/A
Sales & Book Value
Annual Sales$129 million
Price / Sales6.59
Cash Flow$2.0466 per share
Price / Cash19.74
Book Value$22.61 per share
Price / Book1.79
Profitability
EPS (Most Recent Fiscal Year)$2.04
Net Income$28.56 million
Net Margins22.22%
Return on Equity10.36%
Return on Assets1.35%
Miscellaneous
Employees770
Outstanding Shares21,050,000
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 Friday, January 26th. Stockholders of record on Tuesday, March 6th will be given a dividend of $0.05 per share on Friday, April 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, March 5th. 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 Wednesday, January, 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.07. The financial services provider earned $37.50 million during the quarter, compared to analyst estimates of $34.33 million. Carolina Financial had a return on equity of 10.36% and a net margin of 22.22%. View Carolina Financial's Earnings History.
When is Carolina Financial's next earnings date?
What price target have analysts set for CARO?
6 brokerages have issued twelve-month price objectives for Carolina Financial's stock. Their forecasts range from $38.00 to $44.00. On average, they anticipate Carolina Financial's stock price to reach $41.40 in the next year. 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. " (3/27/2018)
- 2. Brean Capital analysts commented, "Following our recent meeting with management, we continue to believe CARO is optimally positioned to leverage its legacy bank momentum with the recently closed First South acquisition and the M&A dislocation in select markets. We view the recent pullback in the shares as an attractive opportunity to invest in the 2nd-largest community bank in the Carolinas (scarcity value) with an invested management team (9% ownership) that is projected to grow organically at an accelerated rate while building capital for likely additional external growth. As such, we believe a fuller valuation is justified supporting our $40.00 target, which equates to 15.6x our 2019E EPS and 2.4x YE18 TBV vs. less-profitable peers at 14.6x/1.8x." (11/10/2017)
Who are some of Carolina Financial's key competitors?
Some companies that are related to Carolina Financial include Heartland Financial USA (HTLF), First Busey (BUSE), First BanCorp (FBP), S&T Bancorp (STBA), 1st Source (SRCE), Boston Private Financial (BPFH), Seacoast Banking Co. of Florida (SBCF), FB Financial (FBK), State Bank Financial (STBZ), Southside Bancshares (SBSI), Lakeland Financial (LKFN), Enterprise Financial Services (EFSC), First Bancorp (FBNC), MainSource Financial Group (MSFG), Triumph Bancorp (TBK), Live Oak Bank (LOB), Washington Trust Bancorp (WASH) and Center Bancorp (CNOB).
Who are Carolina Financial's key executives?
Carolina Financial's management team includes the folowing people:
- Mr. Jerold L. Rexroad, CEO, Pres & Director (Age 58)
- Mr. David L. Morrow, Exec. VP & Director (Age 68)
- Mr. Melton J. Huggins III, Exec. VP & Sec. (Age 55)
- Mr. William A. Gehman III, CFO & Exec. VP (Age 57)
- Mr. Fowler C. Williams, Pres of Crescent Mortgage Company and Director of Crescent Mortgage Company (Age 43)
Has Carolina Financial been receiving favorable news coverage?
Media stories about CARO stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Carolina Financial earned a coverage optimism score of 0.10 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 45.81 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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 $40.40.
How big of a company is Carolina Financial?
Carolina Financial has a market capitalization of $850.50 million and generates $129 million in revenue each year. The financial services provider earns $28.56 million in net income (profit) each year or $2.04 on an earnings per share basis. Carolina Financial employs 770 workers across the globe.
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 (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.
Carolina Financial (NASDAQ:CARO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Carolina Financial in the last 12 months. Their average twelve-month price target is $41.40, suggesting that the stock has a possible upside of 2.48%. The high price target for CARO is $44.00 and the low price target for CARO is $38.00. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.17 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
2 Strong Buy Rating(s) |
| Consensus Price Target: | $41.40 | $41.40 | $39.60 | $36.75 |
| Price Target Upside: | 2.48% upside | 3.89% upside | 6.25% upside | 2.25% upside |
Carolina Financial (NASDAQ:CARO) Consensus Price Target History
Carolina Financial (NASDAQ:CARO) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Carolina Financial (NASDAQ:CARO) Dividend Information
Carolina Financial pays an annual dividend of $0.20 per share, with a dividend yield of 0.50%. CARO's most recent quarterly dividend payment was Friday, April 6. Carolina Financial pays out 9.80% of its earnings out as a dividend.
| Most Recent Dividend: | 4/6/2018 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 0.50% |
| Payout Ratio: | 9.80% (Trailing 12 Months of Earnings)
7.02% (Based on This Year's Estimates)
6.33% (Based on Next Year's Estimates)
|
Carolina Financial (NASDAQ:CARO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/26/2018 | quarterly | $0.05 | 0.51% | 3/5/2018 | 3/6/2018 | 4/6/2018 |
| 10/23/2017 | quarterly | $0.05 | 0.54% | 12/13/2017 | 12/14/2017 | 1/5/2018 |
| 7/24/2017 | Quarterly | $0.04 | 0.47% | 9/13/2017 | 9/14/2017 | 10/5/2017 |
| 5/2/2017 | quarterly | $0.04 | 0.52% | 6/13/2017 | 6/15/2017 | 7/6/2017 |
| 1/20/2017 | quarterly | $0.04 | 0.55% | 3/15/2017 | 3/17/2017 | 4/7/2017 |
| 10/21/2016 | quarterly | $0.04 | 0.68% | 12/23/2016 | 12/28/2016 | 1/11/2017 |
| 8/24/2016 | quarterly | $0.03 | 0.57% | 9/27/2016 | 9/29/2016 | 10/14/2016 |
| 5/9/2016 | quarterly | $0.03 | 0.63% | 6/20/2016 | 6/22/2016 | 7/11/2016 |
| 1/25/2016 | quarterly | $0.03 | 0.74% | 3/16/2016 | 3/18/2016 | 4/8/2016 |
| 10/26/2015 | quarterly | $0.03 | 0.82% | 12/16/2015 | 12/18/2015 | 1/7/2016 |
| 7/28/2015 | quarterly | $0.03 | 0.71% | 9/16/2015 | 9/18/2015 | 10/7/2015 |
| 5/6/2015 | quarterly | $0.03 | 0.86% | 6/22/2015 | 6/24/2015 | 7/10/2015 |
| 1/26/2015 | quarterly | $0.03 | 0.86% | 3/16/2015 | 3/18/2015 | 4/8/2015 |
| 10/17/2014 | quarterly | $0.03 | 0.45% | 12/16/2014 | 12/18/2014 | 1/8/2015 |
| 7/18/2014 | quarterly | $0.05 | 0.89% | 9/15/2014 | 9/17/2014 | 10/8/2014 |
(Data available from 1/1/2013 forward)
Carolina Financial (NASDAQ CARO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 7.76%
Institutional Ownership Percentage: 44.82%
Carolina Financial (NASDAQ CARO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/29/2018 | Robert M Moise | Director | Sell | 5,000 | $38.84 | $194,200.00 | 111,614 |  |
| 11/6/2017 | Robert M Moise | Director | Sell | 3,000 | $36.76 | $110,280.00 | 119,086 | |
| 8/8/2017 | Jeffery L Deal | Director | Sell | 10,000 | $33.53 | $335,300.00 | 60,101 | |
| 7/25/2017 | W. Scott Brandon | Director | Sell | 6,557 | $33.98 | $222,806.86 | 91,352 | |
| 6/16/2017 | Michael P Leddy | Director | Sell | 20,000 | $33.00 | $660,000.00 | 79,465 | |
| 3/16/2017 | Jerry L Rexroad | CEO | Sell | 442 | $30.27 | $13,379.34 | 298,564 | |
| 1/25/2017 | W. Scott Brandon | Director | Buy | 3,464 | $28.00 | $96,992.00 | 97,253 | |
| 11/14/2016 | Daniel H Isaac Jr | Director | Buy | 9,000 | $25.00 | $225,000.00 | 63,551 | |
| 8/10/2016 | Michael P Leddy | Director | Sell | 10,000 | $20.19 | $201,900.00 | 92,607 | |
| 6/16/2016 | Daniel H Isaac Jr | Director | Buy | 11,400 | $17.59 | $200,526.00 | 53,111 | |
| 2/12/2016 | Jeffery L. Deal | Director | Sell | 500 | $15.85 | $7,925.00 | 61,659 | |
| 2/11/2016 | Jeffery L. Deal | Director | Sell | 1,500 | $15.59 | $23,385.00 | | |
| 1/21/2016 | William A. Gehman III | CFO | Sell | 285 | $16.31 | $4,648.35 | 46,993 | |
| 1/20/2016 | M. J. Huggins III | EVP | Sell | 305 | $16.56 | $5,050.80 | 68,059 | |
| 11/5/2015 | Michael P Leddy | Director | Sell | 20,397 | $14.80 | $301,875.60 | 101,989 | |
| 5/22/2015 | Thompson E Penney | Director | Buy | 1,800 | $13.99 | $25,182.00 | | |
| 5/18/2015 | William A Gehman III | CFO | Buy | 2,638 | $14.17 | $37,380.46 | | |
| 4/30/2015 | Jeffery L Deal | Director | Buy | 1,000 | $14.10 | $14,100.00 | | |
| 8/25/2014 | Benedict P Rosen | Director | Buy | 1,115 | $25.00 | $27,875.00 | | |
| 8/21/2014 | W. Scott Brandon | Director | Buy | 1,685 | $25.00 | $42,125.00 | | |
| 8/18/2014 | W. Scott Brandon | Director | Buy | 2,300 | $24.72 | $56,856.00 | | |
| 8/15/2014 | William A Gehman III | CFO | Buy | 1,000 | $25.50 | $25,500.00 | | |
| 8/11/2014 | W. Scott Brandon | Director | Buy | 4,338 | $24.89 | $107,972.82 | | |
| 5/1/2014 | Jerry L Rexroad | CEO | Buy | 1,500 | $20.35 | $30,525.00 | | |
| 4/28/2014 | William A Gehman III | CFO | Buy | 5,500 | $20.48 | $112,640.00 | | |
(Data available from 1/1/2013 forward)
Carolina Financial (NASDAQ CARO) News Headlines
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Carolina Financial (NASDAQ:CARO) SEC Filings
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Carolina Financial (NASDAQ:CARO) Income Statement, Balance Sheet and Cash Flow Statement
Carolina Financial (NASDAQ CARO) Stock Chart for Monday, April, 23, 2018
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