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

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$36.50 -0.08 (-0.22 %)
(As of 04/21/2019 10:34 AM ET)
Previous Close$36.50
Today's Range$36.13 - $37.55
52-Week Range$27.62 - $45.58
Volume56,112 shs
Average Volume37,156 shs
Market Capitalization$813.95 million
P/E Ratio12.76
Dividend Yield0.88%
Beta1
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.

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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$3.3922 per share
Book Value$25.49 per share

Profitability

Net Income$49.67 million

Miscellaneous

Employees735
Market Cap$813.95 million
Next Earnings Date4/24/2019 (Confirmed)
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. Investors 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 0.88%. 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) posted its quarterly earnings data on Thursday, January, 24th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.07. The financial services provider had revenue of $43.41 million for the quarter, compared to analyst estimates of $45.07 million. Carolina Financial had a return on equity of 11.60% 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 Wednesday, April 24th 2019. View Earnings Estimates for Carolina Financial.

What price target have analysts set for CARO?

4 brokers have issued 12-month target prices for Carolina Financial's shares. Their forecasts range from $19.00 to $41.00. On average, they anticipate Carolina Financial's share price to reach $33.00 in the next twelve months. This suggests that the stock has a possible downside of 9.6%. 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.

Has Carolina Financial been receiving favorable news coverage?

Headlines about CARO stock have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public 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 1.7 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.

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 QUALCOMM (QCOM), General Electric (GE), Ctrip.Com International (CTRP), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Texas Instruments (TXN), Xilinx (XLNX), Colgate-Palmolive (CL) and Domino's Pizza (DPZ).

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 59)
  • Mr. David L. Morrow, Exec. VP & Director (Age 69)
  • Mr. Melton J. Huggins III, Exec. VP & Sec. (Age 56)
  • Mr. William A. Gehman III, Exec. VP & CFO (Age 58)
  • Mr. Fowler C. Williams, Pres & Director of Crescent Mortgage Company (Age 44)

Who are Carolina Financial's major shareholders?

Carolina Financial's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Tributary Capital Management LLC (2.34%), Campbell Newman Asset Management Inc. (0.06%) and Mesirow Financial Investment Management Inc. (0.04%). 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 buying Carolina Financial stock?

CARO stock was bought by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Mesirow Financial Investment Management Inc. and Campbell Newman Asset Management Inc.. 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 $36.50.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $813.95 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 735 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:  224 (Vote Outperform)
Underperform Votes:  247 (Vote Underperform)
Total Votes:  471
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 4/21/2019 by MarketBeat.com Staff

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