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

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$37.36 +1.21 (+3.35 %)
(As of 02/17/2019 04:00 PM ET)
Previous Close$37.36
Today's Range$36.28 - $37.43
52-Week Range$27.62 - $45.58
Volume84,402 shs
Average Volume67,594 shs
Market Capitalization$843.22 million
P/E Ratio13.06
Dividend Yield0.77%
Beta1.01
Carolina Financial Corp. is a holding company, which engages in the provision of commercial banking services to individuals and small to medium-sized businesses. It operates through the following segments: Community Banking, Wholesale Mortgage Banking, and Other. The Community Banking segment offers traditional banking services. The Wholesale Mortgage Banking segment comprises mortgage loan origination and servicing. The Other segment includes managerial and operational support. The company was founded by John D. Russ in February 1997 and is headquartered in Charleston, SC.

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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$2.1324 per share
Book Value$22.61 per share

Profitability

Net Income$49.67 million

Miscellaneous

Employees770
Market Cap$843.22 million
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 announced a quarterly dividend on Wednesday, January 23rd. Shareholders 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 0.86%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost 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) issued its earnings results on Thursday, January, 24th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The financial services provider had revenue of $43.41 million for the quarter, compared to analysts' expectations of $45.07 million. Carolina Financial had a return on equity of 11.84% and a net margin of 24.72%. 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 Wall Street analysts have issued 1 year price targets for Carolina Financial's stock. Their forecasts range from $19.00 to $41.00. On average, they anticipate Carolina Financial's stock price to reach $33.00 in the next twelve months. This suggests that the stock has a possible downside of 11.7%. 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?

News stories about CARO stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of 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 positive five, with scores closest to five being the most favorable. Carolina Financial earned a daily sentiment score of 1.4 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term.

Who are some of Carolina Financial's key competitors?

Who are Carolina Financial's key executives?

Carolina Financial's management team includes the folowing people:
  • Jerold L. Rexroad, President, Chief Executive Officer & Director
  • William A. Gehman, CFO, Principal Accounting Officer & Executive VP
  • David L. Morrow, Director & Executive Vice President
  • M. J. Huggins, Secretary & Executive Vice President

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%), Mendon Capital Advisors Corp (2.82%), RMB Capital Management LLC (2.19%), Tributary Capital Management LLC (2.02%) and Bank of New York Mellon Corp (1.26%). 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, Tributary Capital Management LLC, RMB Capital Management LLC, Geode Capital Management LLC, Nachman Norwood & Parrott Inc, Rhumbline Advisers and Squarepoint Ops 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 $37.36.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $843.22 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. Carolina Financial employs 770 workers across the globe.

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:  220 (Vote Outperform)
Underperform Votes:  237 (Vote Underperform)
Total Votes:  457
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 2/17/2019 by MarketBeat.com Staff

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