About Carolina Financial (NASDAQ:CARO)
Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank (the Bank), a state-chartered commercial bank. The Company operates through three segments: community banking, wholesale mortgage banking (mortgage banking) and other. The Company's community banking segment provides traditional banking services offered through CresCom Bank. The Company's mortgage banking segment provides mortgage loan origination and servicing offered through Crescent Mortgage Company (Crescent Mortgage). The other segment provides managerial and operational support to the other business segments through Carolina Services and Carolina Financial. CresCom Bank provides a range of commercial and retail banking financial services to meet the financial needs of its customers through its branch network in South Carolina and North Carolina.
Industry, Sector and Symbol
Trailing P/E Ratio18.85
Forward P/E Ratio19.06
Sales & Book Value
Annual Sales$90.21 million
Price / Sales8.68
Cash Flow$1.97 per share
Price / Cash18.84
Book Value$11.56 per share
Price / Book3.22
Net Income$17.57 million
Return on Equity11.46%
Return on Assets1.39%
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 Monday, October 23rd. Stockholders of record on Thursday, December 14th will be given a dividend of $0.05 per share on Friday, January 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, December 13th. This is a positive change from Carolina Financial's previous quarterly dividend of $0.04. 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 Thursday, July, 20th. The financial services provider reported $0.56 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.09. The financial services provider earned $27.90 million during the quarter, compared to analysts' expectations of $27.97 million. Carolina Financial had a return on equity of 11.46% and a net margin of 24.80%. View Carolina Financial's Earnings History.
When will Carolina Financial make its next earnings announcement?
Where is Carolina Financial's stock going? Where will Carolina Financial's stock price be in 2017?
4 equities research analysts have issued 1 year price objectives for Carolina Financial's stock. Their forecasts range from $34.00 to $42.00. On average, they anticipate Carolina Financial's stock price to reach $38.50 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, "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)
- 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. " (11/2/2017)
Are investors shorting Carolina Financial?
Carolina Financial saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 498,337 shares, a drop of 45.4% from the October 31st total of 912,363 shares. Based on an average trading volume of 154,172 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.4% of the company's stock are sold short.
Who are some of Carolina Financial's key competitors?
Some companies that are related to Carolina Financial include First Commonwealth Financial (FCF), FB Financial (FBK), Tompkins Financial (TMP), Lakeland Financial (LKFN), Southside Bancshares (SBSI), Seacoast Banking Corporation of Florida (SBCF), Brookline Bancorp (BRKL), State Bank Financial (STBZ), City (CHCO), First Bancorp (FBNC), First BanCorp. (FBP), Aldermore Group (ALD), Hanmi Financial (HAFC), Banc of California (BANC), MainSource Financial Group (MSFG), Sandy Spring Bancorp (SASR), Cardinal Financial (CFNL) and ConnectOne Bancorp (CNOB).
Who are Carolina Financial's key executives?
Carolina Financial's management team includes the folowing people:
- Claudius E. Watts IV, Independent Chairman of the Board (Age 55)
- Jerold L. Rexroad, President, Chief Executive Officer, Director (Age 56)
- William A. Gehman III, Chief Financial Officer, Executive Vice President (Age 56)
- Melton J. Huggins III, Executive Vice President, Secretary (Age 54)
- David L. Morrow, Executive Vice President, Director (Age 66)
- Lindsey A. Crisp, Director (Age 44)
- Gary M. Griffin, Director (Age 62)
- Frederick N. Holscher, Director (Age 67)
- Daniel H. Isaac, Director (Age 65)
- Fowler C. Williams, Director (Age 41)
Who owns Carolina Financial stock?
Carolina Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (2.56%), Northpointe Capital LLC (2.40%), Dimensional Fund Advisors LP (1.01%), Stieven Capital Advisors L.P. (0.97%), Emerald Mutual Fund Advisers Trust (0.90%) and New York State Common Retirement Fund (0.52%). 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, W Scott Brandon and William A Gehman III. View Institutional Ownership Trends for Carolina Financial.
Who sold Carolina Financial stock? Who is selling Carolina Financial stock?
Carolina Financial's stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, New York State Common Retirement Fund, Siena Capital Partners GP LLC, Wells Fargo & Company MN, Stieven Capital Advisors L.P., First Trust Advisors LP and California State Teachers Retirement System. Company insiders that have sold Carolina Financial company stock in the last year include Jeffery L Deal, Jerry L Rexroad, Michael P Leddy, Robert M Moise and W Scott Brandon. View Insider Buying and Selling for Carolina Financial.
Who bought Carolina Financial stock? Who is buying Carolina Financial stock?
Carolina Financial's stock was bought by a variety of institutional investors in the last quarter, including John W. Rosenthal Capital Management Inc., Emerald Mutual Fund Advisers Trust, Dimensional Fund Advisors LP, Allianz Asset Management GmbH, Susquehanna International Group LLP, Schwab Charles Investment Management Inc., Janus Henderson Group PLC and Sterling 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 Carolina Financial stock?
Shares of Carolina Financial 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 Carolina Financial stock can currently be purchased for approximately $37.17.
How big of a company is Carolina Financial?
Carolina Financial has a market capitalization of $766.18 million and generates $90.21 million in revenue each year. The financial services provider earns $17.57 million in net income (profit) each year or $1.83 on an earnings per share basis. Carolina Financial employs 441 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Carolina Financial (NASDAQ:CARO) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.80||2.80||3.00||3.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
3 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: ||$38.50||$38.50||$36.67||$31.17|
|Price Target Upside: ||2.69% upside||7.87% upside||7.24% upside||0.11% downside|
Carolina Financial (NASDAQ:CARO) Consensus Price Target History
Carolina Financial (NASDAQ:CARO) Analyst Ratings History
(Data available from 12/16/2015 forward)
Carolina Financial (NASDAQ:CARO) Earnings History and Estimates Chart
Carolina Financial (NASDAQ CARO) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/17/2018|| || || || || || || || |
|7/20/2017||Q2 2017||$0.47||$0.56||$27.97 million||$27.90 million||View||N/A|
|4/24/2017||Q1 2017||$0.36||$0.41||$21.74 million||$22.50 million||View||N/A|
|1/18/2017||Q416||$0.42||$0.46||$21.77 million||$21.57 million||View||N/A|
|10/19/2016||Q316||$0.38||$0.47||$20.69 million||$22.83 million||View||N/A|
|1/22/2016||Q415||$0.35||$0.36||$17.80 million||$17.60 million||View||N/A|
|10/21/2015||Q3 2015||$0.38||$0.40||$18.21 million||View||N/A|
Carolina Financial (NASDAQ:CARO) Earnings Estimates
Current Year EPS Consensus Estimate: $1.95 EPS
Next Year EPS Consensus Estimate: $2.35 EPS
Carolina Financial (NASDAQ:CARO) Dividend Information
|Payout Ratio:||10.93% (Trailing 12 Months of Earnings) |
10.26% (Based on This Year's Estimates)
8.51% (Based on Next Year's Estimates)
Carolina Financial (NASDAQ:CARO) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Carolina Financial (NASDAQ CARO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 12.23%
Institutional Ownership Percentage: 35.49%
Carolina Financial (NASDAQ CARO) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/6/2017||Robert M Moise||Director||Sell||3,000||$36.76||$110,280.00|| |
|8/8/2017||Jeffery L Deal||Director||Sell||10,000||$33.53||$335,300.00|| |
|7/25/2017||W. Scott Brandon||Director||Sell||6,557||$33.98||$222,806.86|| |
|6/16/2017||Michael P Leddy||Director||Sell||20,000||$33.00||$660,000.00|| |
|3/16/2017||Jerry L Rexroad||CEO||Sell||442||$30.27||$13,379.34|| |
|1/25/2017||W. Scott Brandon||Director||Buy||3,464||$28.00||$96,992.00|| |
|11/14/2016||Daniel H Isaac Jr||Director||Buy||9,000||$25.00||$225,000.00|| |
|8/10/2016||Michael P Leddy||Director||Sell||10,000||$20.19||$201,900.00|| |
|6/16/2016||Daniel H Isaac Jr||Director||Buy||11,400||$17.59||$200,526.00|| |
|2/12/2016||Jeffery L. Deal||Director||Sell||500||$15.85||$7,925.00|| |
|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|| |
|1/20/2016||M. J. Huggins III||EVP||Sell||305||$16.56||$5,050.80|| |
|11/5/2015||Michael P Leddy||Director||Sell||20,397||$14.80||$301,875.60|| |
|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|| |
Carolina Financial (NASDAQ CARO) News Headlines
|Carolina Financial (CARO) Downgraded to "Hold" at ValuEngine|
www.americanbankingnews.com - December 16 at 4:22 PM
|Carolina Financial Corp. : CARO-US: Dividend Analysis : December 14th, 2017 (record date) : By the numbers : December 14, 2017|
finance.yahoo.com - December 14 at 5:48 PM
|Carolina Financial Corp (CARO) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - December 14 at 5:30 AM
|Bandwidth Announces Third Quarter 2017 Financial Results|
www.bizjournals.com - December 13 at 5:26 PM
|Carolina Financial Corporation (CARO) Ex-Dividend Date Scheduled for|
www.nasdaq.com - December 13 at 9:50 AM
|Carolina Financial Corp. breached its 50 day moving average in a Bearish Manner : CARO-US : December 12, 2017|
finance.yahoo.com - December 12 at 9:59 AM
|Carolina Financial (CARO) Receives "Buy" Rating from Brean Capital|
www.americanbankingnews.com - December 10 at 12:46 AM
|Carolina Financial (CARO) Downgraded by BidaskClub|
www.americanbankingnews.com - December 9 at 3:42 PM
|Sustainability is Good Business for Sealed Air Corp.|
www.msn.com - December 8 at 9:32 AM
|B. Riley FBR Acts as Sell-Side Advisor to Atlantic Coast Financial Corporation in its Sale to Ameris Bancorp|
finance.yahoo.com - December 8 at 9:32 AM
|Ameris Bancorp Announces Executive Team Promotions|
finance.yahoo.com - December 6 at 5:18 PM
|How Carolina Financial Corporation (CARO) Delivered A Better ROE Than Its Industry|
finance.yahoo.com - December 5 at 5:13 PM
|Brad Martin retires from Memphis public company board|
www.bizjournals.com - December 5 at 10:14 AM
|C&F Financial Corporation Announces Increase in Quarterly Dividend|
www.nasdaq.com - November 30 at 10:02 AM
|Short Interest in Carolina Financial Corporation (CARO) Decreases By 45.4%|
www.americanbankingnews.com - November 29 at 2:08 AM
|Carolina Financial Corporation (CARO) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - November 19 at 7:54 AM
|First Horizon and Capital Bank Financial Announce Election Deadline for ...|
globenewswire.com - November 17 at 7:38 PM
|South State Corporation and Park Sterling Corporation Merger Receives Regulatory and Shareholder Approval|
www.businesswire.com - November 16 at 5:23 PM
|BNY Mellon Wealth Management Hires Carolina Montiel as Managing Director in the Family Wealth Investment Advisor Group|
www.businesswire.com - November 14 at 5:27 PM
|Security Federal Corporation Announces Cash Dividend|
www.thestreet.com - November 14 at 4:37 AM
|Carolina Financial Corp. – Value Analysis (NASDAQ:CARO) : November 13, 2017|
finance.yahoo.com - November 13 at 11:35 PM
|Carolina Financial Corporation (CARO) Rating Reiterated by Brean Capital|
www.americanbankingnews.com - November 10 at 7:38 PM
|Carolina Financial Corp. breached its 50 day moving average in a Bearish Manner : CARO-US : November 10, 2017|
finance.yahoo.com - November 10 at 11:28 AM
|Domtar Corporation 2018 Quarterly Earnings Schedule|
www.businesswire.com - November 8 at 7:53 PM
|Analyzing Carolina Financial Corporation (CARO) & Its Competitors|
www.americanbankingnews.com - November 8 at 2:32 PM
|OFG Bancorp (OFG) & Carolina Financial Corporation (CARO) Head to Head Review|
www.americanbankingnews.com - November 7 at 2:06 PM
|Insider Selling: Carolina Financial Corporation (CARO) Director Sells 3,000 Shares of Stock|
www.americanbankingnews.com - November 7 at 12:23 PM
|United Insurance Holdings Corp. Reports Financial Results for Its Third Quarter Ended September 30, 2017|
www.businesswire.com - November 6 at 6:04 PM
|Is Carolina Financial Corporation’s (CARO) PE Ratio A Signal To Sell For Investors?|
finance.yahoo.com - November 6 at 6:04 PM
|Genworth Financial Announces Third Quarter 2017 Results|
www.prnewswire.com - November 2 at 5:40 PM
|Done deal! Buyouts of First South, Four Oaks close|
finance.yahoo.com - November 2 at 5:40 PM
|Carolina Financial Corporation (CARO) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - November 2 at 4:32 PM
|Lawsuit for Investors in SCANA Corporation (NYSE: SCG) shares announced by Shareholders Foundation|
finance.yahoo.com - November 1 at 10:45 PM
|Carolina Financial Corporation (CARO) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - November 1 at 5:46 PM
|CAB Financial Corporation Reports Third Quarter 2017 Results Of Carolina Alliance Bank|
www.thestreet.com - October 31 at 11:11 PM
|Carolina Financial Corporation's (CARO) "Buy" Rating Reaffirmed at Brean Capital|
www.americanbankingnews.com - October 30 at 7:22 PM
|Carolina Financial (CARO) and First South Bancorp (FSBK) Announce Receive Stockholder, Regulatory Approvals for Merger|
www.streetinsider.com - October 28 at 12:33 AM
|SCANA Reports Financial Results for Third Quarter of 2017|
www.bizjournals.com - October 28 at 12:33 AM
|Carolina Financial Corporation and First South Bancorp, Inc. Receive Stockholder and Regulatory Approvals for Merger|
finance.yahoo.com - October 27 at 7:30 PM
|Carolina Financial Reaches Analyst Target Price|
www.thestreet.com - October 26 at 10:10 PM
|Carolina Financial Corporation (CARO) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - October 25 at 8:45 AM
|CAB Financial Corporation Announces Completion of the Reorganization of Carolina Alliance Bank into a Bank Holding Company|
www.nasdaq.com - October 24 at 1:46 AM
|Carolina Financial Corporation (CARO) Raises Dividend to $0.05 Per Share|
www.americanbankingnews.com - October 23 at 6:16 PM
|Contrasting Carolina Financial Corporation (CARO) & Banc of California (FPTB)|
www.americanbankingnews.com - October 23 at 4:32 AM
|Carolina Financial Corp 2017 Q3 - Results - Earnings Call Slides|
seekingalpha.com - October 20 at 11:46 PM
|Edited Transcript of CARO earnings conference call or presentation 20-Oct-17 3:00pm GMT|
finance.yahoo.com - October 20 at 11:46 PM
|Carolina Financial Corporation (CARO) PT Set at $37.00 by Brean Capital|
www.americanbankingnews.com - October 20 at 3:20 PM
|BRIEF-Carolina Financial Corp reports Q3 earnings per share $0.49|
www.reuters.com - October 19 at 10:44 PM
|Carolina Financial Corporation (CARO) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS|
www.americanbankingnews.com - October 19 at 7:04 PM
|Why Carolina Financial Corporation (CARO) Could Be A Buy|
finance.yahoo.com - October 19 at 5:28 PM
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 Saturday, December, 16, 2017