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NASDAQ:CAROCarolina Financial Stock Price, Forecast & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
$32.88
0.00 (0.00 %)
(As of 05/1/2020)
Add
Compare
Today's Range
$32.50
Now: $32.88
$33.79
50-Day Range
$29.36
MA: $32.79
$35.09
52-Week Range
$20.72
Now: $32.88
$43.85
Volume691,192 shs
Average Volume178,226 shs
Market Capitalization$816.28 million
P/E Ratio11.74
Dividend Yield1.22%
Beta1.4
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 noninterest-bearing demand accounts, interest-bearing demand and savings accounts, money market accounts, time deposits, and certificates of deposit. 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 orrespondent/wholesale mortgage and loan servicing. The company operates through a network of 61 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.
Read More
Carolina Financial logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.78 out of 5 stars


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$224.23 million
Cash Flow$3.37 per share
Book Value$29.97 per share

Profitability

Net Income$62.74 million

Miscellaneous

Employees735
Market Cap$816.28 million
Next Earnings DateN/A
OptionableNot Optionable

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Carolina Financial (NASDAQ:CARO) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Carolina Financial?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carolina Financial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Carolina Financial
.

How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) issued its earnings results on Friday, October, 25th. The financial services provider reported $0.78 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.73 by $0.05. The financial services provider had revenue of $48.90 million for the quarter, compared to the consensus estimate of $46.60 million. Carolina Financial had a net margin of 27.98% and a return on equity of 10.49%.
View Carolina Financial's earnings history
.

How often does Carolina Financial pay dividends? What is the dividend yield for Carolina Financial?

Carolina Financial announced a quarterly dividend on Thursday, January 30th. Investors of record on Monday, March 16th will be paid a dividend of $0.10 per share on Monday, April 6th. This represents a $0.40 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, March 13th.
View Carolina Financial's dividend history
.

What price target have analysts set for CARO?

3 equities research analysts have issued 12-month target prices for Carolina Financial's stock. Their forecasts range from $31.65 to $39.00. On average, they anticipate Carolina Financial's share price to reach $36.22 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts' price targets for Carolina Financial
.

Has Carolina Financial been receiving favorable news coverage?

News coverage about CARO stock has trended somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Carolina Financial earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Carolina Financial
.

Are investors shorting Carolina Financial?

Carolina Financial saw a increase in short interest in March. As of March 31st, there was short interest totaling 368,700 shares, an increase of 79.9% from the March 15th total of 205,000 shares. Based on an average daily volume of 164,400 shares, the days-to-cover ratio is currently 2.2 days.
View Carolina Financial's Short Interest
.

Who are some of Carolina Financial's key competitors?

What other stocks do shareholders of Carolina Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carolina Financial investors own include Exxon Mobil (XOM), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Eastman Chemical (EMN), PepsiCo (PEP), Westrock (WRK), AbbVie (ABBV), Dominion Energy (D), Walt Disney (DIS) and Enbridge (ENB).

Who are Carolina Financial's key executives?

Carolina Financial's management team includes the following people:
  • Mr. Jerold L. Rexroad CPA, CPA, Pres, CEO & Director (Age 59)
  • Mr. William A. Gehman III, Exec. VP & CFO (Age 58)
  • Mr. David L. Morrow, Exec. VP & Director (Age 69)
  • Mr. Melton J. Huggins III, Exec. VP & Sec. (Age 56)

What is Carolina Financial's stock symbol?

Carolina Financial trades on the NASDAQ under the ticker symbol "CARO."

What is Carolina Financial's stock price today?

One share of CARO stock can currently be purchased for approximately $32.88.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $816.28 million and generates $224.23 million in revenue each year. The financial services provider earns $62.74 million in net income (profit) each year or $2.94 on an earnings per share basis. Carolina Financial employs 735 workers across the globe.

What is Carolina Financial's official website?

The official website for Carolina Financial is 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]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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