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

-0.66 (-1.73 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
Now: $37.54
50-Day Range
MA: $40.19
52-Week Range
Now: $37.54
Volume50,104 shs
Average Volume81,693 shs
Market Capitalization$932.12 million
P/E Ratio13.41
Dividend Yield1.05%
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. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Current SymbolNASDAQ:CARO



Sales & Book Value

Annual Sales$224.23 million
Cash Flow$3.33 per share
Book Value$25.49 per share


Net Income$62.74 million


Market Cap$932.12 million
Next Earnings Date4/22/2020 (Estimated)
OptionableNot Optionable

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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 declared a quarterly dividend on Thursday, January 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.10 per share on Monday, April 6th. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, March 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 Friday, January, 31st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The financial services provider earned $48.60 million during the quarter, compared to analysts' expectations of $48.13 million. Carolina Financial had a net margin of 27.98% and a return on equity of 11.09%. 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 22nd 2020. View Earnings Estimates for Carolina Financial.

What price target have analysts set for CARO?

4 brokers have issued 1-year price objectives for Carolina Financial's stock. Their forecasts range from $38.00 to $44.65. On average, they expect Carolina Financial's share price to reach $39.91 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. 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 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Carolina Financial.

Has Carolina Financial been receiving favorable news coverage?

Media coverage about CARO stock has trended somewhat positive this week, InfoTrie reports. InfoTrie ranks the sentiment of 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 nearest to five being the most favorable. Carolina Financial earned a news sentiment score of 0.9 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 news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Carolina Financial.

Are investors shorting Carolina Financial?

Carolina Financial saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 754,900 shares, an increase of 15.0% from the January 15th total of 656,300 shares. Based on an average trading volume of 143,900 shares, the short-interest ratio is presently 5.2 days. Approximately 3.6% of the shares of the company are sold short. View Carolina Financial's Current Options Chain.

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), PepsiCo (PEP), Eastman Chemical (EMN), Altria Group (MO), Westrock (WRK), Andersons (ANDE), Dropbox (DBX), Huntington Bancshares (HBAN), Pattern Energy Group (PEGI) and Petmed Express (PETS).

Who are Carolina Financial's key executives?

Carolina Financial's management team includes the folowing 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)

Who are Carolina Financial's major shareholders?

Carolina Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (5.33%), Tributary Capital Management LLC (2.20%), State Street Corp (1.93%), Mendon Capital Advisors Corp (1.79%), ARP Americas LP (1.75%) and Victory Capital Management Inc. (1.74%). Company insiders that own Carolina Financial stock include Daniel H Isaac Jr, 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 Mendon Capital Advisors Corp, Penn Capital Management Co. Inc., Janus Henderson Group PLC, Renaissance Technologies LLC, Banc Funds Co. LLC, Hotchkis & Wiley Capital Management LLC, Tributary Capital Management LLC and SG Americas Securities LLC. Company insiders that have sold Carolina Financial company stock in the last year include David L Morrow, Ian T Clark, Jeffery L Deal, M J Huggins III and W Scott Brandon. View Insider Buying and Selling for Carolina Financial.

Which institutional investors are buying Carolina Financial stock?

CARO stock was acquired by a variety of institutional investors in the last quarter, including ARP Americas LP, Goldman Sachs Group Inc., UBS Group AG, Alliancebernstein L.P., CNH Partners LLC, Credit Suisse AG, Bank of America Corp DE and Assenagon Asset Management S.A.. 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, Robinhood, Fidelity and Charles Schwab.

What is Carolina Financial's stock price today?

One share of CARO stock can currently be purchased for approximately $37.54.

How big of a company is Carolina Financial?

Carolina Financial has a market capitalization of $932.12 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.View Additional Information About Carolina Financial.

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:  2.2 out of 5 (star star)
Outperform Votes:  264 (Vote Outperform)
Underperform Votes:  326 (Vote Underperform)
Total Votes:  590
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 2/22/2020 by MarketBeat.com Staff

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