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NASDAQ:CAROCarolina Financial Stock Price, Forecast & News

-0.95 (-2.81 %)
(As of 05/1/2020)
Today's Range
Now: $32.88
50-Day Range
MA: $31.39
52-Week Range
Now: $32.88
Volume691,192 shs
Average Volume178,226 shs
Market Capitalization$816.28 million
P/E Ratio11.74
Dividend Yield1.22%
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Current SymbolNASDAQ:CARO



Sales & Book Value

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


Net Income$62.74 million


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

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Carolina Financial (NASDAQ:CARO) Frequently Asked Questions

How has Carolina Financial's stock been impacted by COVID-19 (Coronavirus)?

Carolina Financial's stock was trading at $25.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CARO stock has increased by 30.3% and is now trading at $32.88. View which stocks have been most impacted by Coronavirus.

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) announced its earnings results on Friday, October, 25th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.73 by $0.05. The financial services provider earned $48.90 million during the quarter, compared to analyst estimates of $46.60 million. Carolina Financial had a return on equity of 10.49% and a net margin of 27.98%. 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. Shareholders 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 dividend on an annualized basis and a dividend 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 shares. Their forecasts range from $31.65 to $39.00. On average, they expect Carolina Financial's stock 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?

Press coverage about CARO stock has been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media 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 negative five to positive five, with scores closest to five being the most favorable. Carolina Financial earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCarolina Financial.

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), Eastman Chemical (EMN), PepsiCo (PEP), Westrock (WRK), AbbVie (ABBV), Dominion Energy (D), Walt Disney (DIS), Domino's Pizza (DPZ), Enbridge (ENB) and Enterprise Products Partners (EPD).

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."

Who are Carolina Financial's major shareholders?

Carolina Financial's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.07%), ARP Americas LP (5.06%), Alliancebernstein L.P. (2.01%), State Street Corp (2.01%), Victory Capital Management Inc. (1.70%) and Victory Capital Management Inc. (1.70%). Company insiders that own Carolina Financial stock include David L Morrow, Fowler C Williams, Ian T Clark, 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 selling Carolina Financial stock?

CARO stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Mendon Capital Advisors Corp, Tributary Capital Management LLC, Invesco Ltd., UBS Group AG, Texas Permanent School Fund, Victory Capital Management Inc., and Victory Capital Management Inc.. Company insiders that have sold Carolina Financial company stock in the last year include David L Morrow, Ian T Clark, M J Huggins III, and W Scott Brandon. View insider buying and selling activity for Carolina Financial.

Which institutional investors are buying Carolina Financial stock?

CARO stock was purchased by a variety of institutional investors in the last quarter, including ARP Americas LP, Alliancebernstein L.P., Wolverine Asset Management LLC, Yakira Capital Management Inc., Assenagon Asset Management S.A., CNH Partners LLC, Alberta Investment Management Corp, and Beryl Capital Management LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

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 5/31/2020 by MarketBeat.com Staff

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