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
Stock Exchange NASDAQ
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 Ratio20.37
Forward P/E Ratio14.79
P/E GrowthN/A
Sales & Book Value
Annual Sales$129 million
Price / Sales7.28
Cash Flow$2.0519 per share
Price / Cash20.25
Book Value$22.61 per share
Price / Book1.84
Profitability
EPS (Most Recent Fiscal Year)$2.04
Net Income$28.56 million
Net Margins19.50%
Return on Equity12.04%
Return on Assets1.60%
Miscellaneous
Employees770
Outstanding Shares22,610,000
Market Cap$937.24 million
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 announced a quarterly dividend on Tuesday, May 1st. Stockholders of record on Friday, June 15th will be paid a dividend of $0.06 per share on Friday, July 6th. This represents a $0.24 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, June 14th. This is a positive change 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) issued its quarterly earnings results on Tuesday, July, 24th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.01. The financial services provider earned $43.93 million during the quarter, compared to the consensus estimate of $44.04 million. Carolina Financial had a return on equity of 12.04% and a net margin of 19.50%. View Carolina Financial's Earnings History.
When is Carolina Financial's next earnings date?
What price target have analysts set for CARO?
5 brokers have issued twelve-month target prices for Carolina Financial's stock. Their predictions range from $19.00 to $46.00. On average, they anticipate Carolina Financial's stock price to reach $38.80 in the next twelve months. This suggests that the stock has a possible downside of 6.6%. View Analyst Price Targets for Carolina Financial.
What is the consensus analysts' recommendation for Carolina Financial?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carolina Financial in the last year. There are currently 2 hold ratings and 3 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. " (8/6/2018)
- 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)
Who are some of Carolina Financial's key competitors?
Some companies that are related to Carolina Financial include Glacier Bancorp (GBCI), Bank of Hawaii (BOH), Cathay General Bancorp (CATY), Bancorpsouth Bank (BXS), Columbia Banking System (COLB), South State (SSB), International Bancshares (IBOC), Union Bankshares (UBSH), CVB Financial (CVBF), Great Western Bancorp (GWB), First Interstate Bancsystem (FIBK), United Community Banks (UCBI), Independent Bank (INDB), Pacific Premier Bancorp (PPBI) and Ameris Bancorp (ABCB).
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 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, Exec. VP & CFO (Age 57)
- Mr. Fowler C. Williams, Pres & Director of Crescent Mortgage Company (Age 43)
Has Carolina Financial been receiving favorable news coverage?
News stories about CARO stock have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carolina Financial earned a daily sentiment score of 0.03 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 45.46 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Carolina Financial.
Who are Carolina Financial's major shareholders?
Carolina Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.25%), Janus Henderson Group PLC (4.90%), Dimensional Fund Advisors LP (2.94%), Renaissance Technologies LLC (2.31%), Phocas Financial Corp. (1.68%) and Tributary Capital Management LLC (1.32%). 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 institutional investors are selling Carolina Financial stock?
CARO stock was sold by a variety of institutional investors in the last quarter, including Northpointe Capital LLC, Systematic Financial Management LP, California Public Employees Retirement System, Segall Bryant & Hamill LLC, EAM Investors LLC, EAM Global Investors LLC, Mesirow Financial Investment Management Inc. and ClariVest Asset Management LLC. 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, Robert M Moise and William A Gehman III. View Insider Buying and Selling for Carolina Financial.
Which institutional investors are buying Carolina Financial stock?
CARO stock was bought by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, BlackRock Inc., Janus Henderson Group PLC, Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Phocas Financial Corp., Renaissance Technologies LLC and Maltese Capital Management LLC. 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 $41.55.
How big of a company is Carolina Financial?
Carolina Financial has a market capitalization of $937.24 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 (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.
