NASDAQ:CAROCarolina Financial Stock Price, Forecast & News Notice: This company has been marked as potentially delisted and may not be actively trading. Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Carolina Financial Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $32.88 0.00 (0.00 %) (As of 05/1/2020) Add Compare Share Today's Range$32.50Now: $32.88▼$33.7950-Day Range$29.36MA: $32.79▼$35.0952-Week Range$20.72Now: $32.88▼$43.85Volume691,192 shsAverage Volume178,226 shsMarket Capitalization$816.28 millionP/E Ratio11.74Dividend Yield1.22%Beta1.4 ProfileAnalyst RatingsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media 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 Beat the Market (BTM) Rank™ 2.2 Analyst's Opinion Consensus RatingCarolina Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.22, Carolina Financial has a potential upside of 10.1% from its current price of $32.88.Amount of Analyst CoverageCarolina Financial has received no research coverage in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesCarolina Financial has received 272 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCarolina Financial has received 340 “underperform” votes. (Add your “underperform” vote.)Community SentimentCarolina Financial has received 55.56% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldCarolina Financial has a dividend yield of 1.22%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthCarolina Financial has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of Carolina Financial is 13.61%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Carolina Financial will have a dividend payout ratio of 14.76% next year. This indicates that Carolina Financial will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carolina Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.89% of the stock of Carolina Financial is held by insiders.Percentage Held by Institutions53.88% of the stock of Carolina Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Carolina Financial are expected to grow by 2.65% in the coming year, from $2.64 to $2.71 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carolina Financial is 11.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.16.Price to Earnings Ratio vs. SectorThe P/E ratio of Carolina Financial is 11.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.55.Price to Book Value per Share RatioCarolina Financial has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.95 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:CARO Previous Symbol CUSIPN/A CIK870385 Webwww.haveanicebank.com Phone843-723-7700Debt Debt-to-Equity Ratio0.10 Current Ratio0.87 Quick Ratio0.86Price-To-Earnings Trailing P/E Ratio11.74 Forward P/E Ratio12.45 P/E GrowthN/A Sales & Book Value Annual Sales$224.23 million Price / Sales3.64 Cash Flow$3.37 per share Price / Cash Flow9.76 Book Value$29.97 per share Price / Book1.10Profitability EPS (Most Recent Fiscal Year)$2.94 Net Income$62.74 million Net Margins27.98% Return on Equity10.49% Return on Assets1.63%Miscellaneous Employees735 Outstanding Shares24,826,000Market Cap$816.28 million Next Earnings DateN/A OptionableNot Optionable Receive CARO News and Ratings via Email Sign-up to receive the latest news and ratings for CARO and its competitors with MarketBeat's FREE daily newsletter. 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) released 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 earned $48.90 million during the quarter, compared to analysts' expectations 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 declared 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 annualized dividend and a yield of 1.22%. The ex-dividend date 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 price targets for Carolina Financial's stock. Their forecasts range from $31.65 to $39.00. On average, they expect Carolina Financial's share price to reach $36.22 in the next twelve months. 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? Media coverage about CARO stock has been trending very negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Carolina Financial earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Carolina Financial. Who are some of Carolina Financial's key competitors? Some companies that are related to Carolina Financial include Glacier Bancorp (GBCI), Popular (BPOP), Bank Ozk (OZK), United Bankshares (UBSI), Home Bancshares (HOMB), CVB Financial (CVBF), Wintrust Financial (WTFC), Bank of Hawaii (BOH), IBERIABANK (IBKC), Bancorpsouth Bank (BXS), Independent Bank (INDB), First Hawaiian (FHB), Investors Bancorp (ISBC), Associated Banc (ASB) and Cathay General Bancorp (CATY). View all 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." 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 7/12/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
