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

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$33.60 +0.02 (+0.06 %)
(As of 01/23/2019 12:43 PM ET)
Previous Close$33.58
Today's Range$33.47 - $33.90
52-Week Range$27.62 - $45.58
Volume1,623 shs
Average Volume65,541 shs
Market Capitalization$758.35 million
P/E Ratio16.43
Dividend Yield0.83%
Beta0.92
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$129 million
Cash Flow$2.0413 per share
Book Value$22.61 per share

Profitability

Net Income$28.56 million

Miscellaneous

Employees770
Market Cap$758.35 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 Friday, October 26th. Investors of record on Friday, December 14th will be paid a dividend of $0.07 per share on Friday, January 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, December 13th. 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 Wednesday, October, 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.01. The financial services provider had revenue of $44.18 million for the quarter, compared to analyst estimates of $44.62 million. Carolina Financial had a return on equity of 11.03% and a net margin of 21.18%. 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 Thursday, January 24th 2019. View Earnings Estimates for Carolina Financial.

What price target have analysts set for CARO?

4 brokers have issued twelve-month target prices for Carolina Financial's shares. Their forecasts range from $19.00 to $41.00. On average, they expect Carolina Financial's stock price to reach $33.00 in the next year. This suggests that the stock has a possible downside of 1.4%. 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?

Media stories about CARO stock have been trending somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, 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 gave news headlines about the financial services provider a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days.

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 many different of retail and institutional investors. Top institutional shareholders include Campbell Newman Asset Management Inc. (0.06%) and Nachman Norwood & Parrott Inc (0.05%). 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 buying Carolina Financial stock?

CARO stock was bought by a variety of institutional investors in the last quarter, including Nachman Norwood & Parrott Inc and Campbell Newman Asset Management Inc.. 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 $33.47.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $755.42 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.

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:  217 (Vote Outperform)
Underperform Votes:  233 (Vote Underperform)
Total Votes:  450
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 1/23/2019 by MarketBeat.com Staff

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