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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 Ratio0.14
Current Ratio0.82
Quick Ratio0.81
Price-To-Earnings
Trailing P/E Ratio21.08
Forward P/E Ratio14.45
P/E GrowthN/A
Sales & Book Value
Annual Sales$129 million
Price / Sales6.96
Cash Flow$2.0441 per share
Price / Cash20.86
Book Value$22.57 per share
Price / Book1.89
Profitability
EPS (Most Recent Fiscal Year)$2.04
Net Income$28.56 million
Net Margins18.31%
Return on Equity11.38%
Return on Assets1.50%
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 Tuesday, May 1st. Investors of record on Friday, June 15th will be given a dividend of $0.06 per share on Friday, July 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, June 14th. This is a boost from Carolina Financial's previous quarterly dividend of $0.05. View Carolina Financial's Dividend History.
How were Carolina Financial's earnings last quarter?
Carolina Financial Corp (NASDAQ:CARO) released its quarterly earnings data on Tuesday, May, 1st. The financial services provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.07. The financial services provider earned $42.18 million during the quarter, compared to analysts' expectations of $42.05 million. Carolina Financial had a return on equity of 11.38% and a net margin of 18.31%. View Carolina Financial's Earnings History.
When is Carolina Financial's next earnings date?
What price target have analysts set for CARO?
6 analysts have issued 1-year target prices for Carolina Financial's shares. Their predictions range from $38.00 to $46.00. On average, they anticipate Carolina Financial's share price to reach $42.60 in the next twelve months. 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. 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)
- 2. 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. " (5/3/2018)
Who are some of Carolina Financial's key competitors?
Some companies that are related to Carolina Financial include Cathay General Bancorp (CATY), Glacier Bancorp (GBCI), South State Bank (SSB), Columbia Banking System (COLB), Bancorpsouth Bank (BXS), International Bancshares (IBOC), Union Bankshares (UBSH), United Community Bank (UCBI), CVB Financial (CVBF), Great Western Bancorp (GWB), First Interstate BancSystem (FIBK), Renasant (RNST), ServisFirst Bancshares (SFBS), TowneBank (TOWN) and Hilltop (HTH).
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?
News coverage about CARO stock has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carolina Financial earned a news sentiment score of 0.22 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 47.88 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
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 BlackRock Inc. (6.06%), Dimensional Fund Advisors LP (2.44%), The Manufacturers Life Insurance Company (1.24%), Mendon Capital Advisors Corp (1.08%), Northern Trust Corp (0.98%) and Segall Bryant & Hamill LLC (0.91%). Company insiders that own Carolina Financial stock include Daniel H Isaac Jr, Jeffery L Deal, Jerry L Rexroad, M J Huggins III, Michael P Leddy, Robert M Moise and W Scott Brandon. View Institutional Ownership Trends for Carolina Financial.
Which institutional investors are selling Carolina Financial stock?
CARO stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, RMB Capital Management LLC, Lincoln National Corp, Mendon Capital Advisors Corp, New York State Common Retirement Fund, Opus Capital Group LLC, Gendell Jeffrey L and Penn Capital Management Co. Inc.. Company insiders that have sold Carolina Financial company stock in the last year include 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 institutional investors are buying Carolina Financial stock?
CARO stock was purchased by a variety of institutional investors in the last quarter, including Segall Bryant & Hamill LLC, Dimensional Fund Advisors LP, Millennium Management LLC, WINTON GROUP Ltd, Nuveen Asset Management LLC, Eaton Vance Management, Summit Global Investments and Employees Retirement System of Texas. Company insiders that have bought Carolina Financial stock in the last two years include Daniel H Isaac Jr and W Scott Brandon. 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 $42.64.
How big of a company is Carolina Financial?
Carolina Financial has a market capitalization of $898.72 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 $42.60, suggesting that the stock has a possible downside of 0.09%. The high price target for CARO is $46.00 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 | 3.00 |
| 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)
1 Strong Buy Rating(s) |
| Consensus Price Target: | $42.60 | $41.40 | $41.40 | $38.50 |
| Price Target Upside: | 0.09% downside | 4.97% upside | 3.89% upside | 7.87% upside |
Carolina Financial (NASDAQ:CARO) Consensus Price Target History
Carolina Financial (NASDAQ:CARO) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Carolina Financial (NASDAQ:CARO) Dividend Information
Carolina Financial pays an annual dividend of $0.20 per share, with a dividend yield of 0.47%. CARO's next quarterly dividend payment will be made on Friday, July 6. Carolina Financial pays out 9.80% of its earnings out as a dividend.
| Next Dividend: | 7/6/2018 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 0.47% |
| Payout Ratio(s): | 9.80% (Trailing 12 Months of Earnings)
6.78% (Based on This Year's Estimates)
6.27% (Based on Next Year's Estimates)
9.78% (Based on Cash Flow)
|
Carolina Financial (NASDAQ:CARO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/1/2018 | quarterly | $0.06 | 0.6% | 6/14/2018 | 6/15/2018 | 7/6/2018 |
| 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: 46.77%
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 |
|---|
| 5/7/2018 | M. J Huggins III | VP | Sell | 1,250 | $39.50 | $49,375.00 | 60,389 |  |
| 5/3/2018 | Jeffery L Deal | Director | Sell | 4,000 | $39.55 | $158,200.00 | 51,848 | |
| 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 Wednesday, May, 23, 2018
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