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

Carolina Financial trades on the NASDAQ under the ticker symbol "CARO."

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.

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.

Carolina Financial is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Carolina Financial.

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.

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.

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.

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.

Some companies that are related to Carolina Financial include Wintrust Financial (WTFC), First Hawaiian (FHB), Bank Ozk (OZK), Bank of Hawaii (BOH), United Bankshares (UBSI), Home Bancshares (HOMB), Associated Banc (ASB), Investors Bancorp (ISBC), Bancorpsouth Bank (BXS), CVB Financial (CVBF), Texas Capital Bancshares (TCBI), Cathay General Bancorp (CATY), Ameris Bancorp (ABCB), Columbia Banking System (COLB) and Independent Bank (INDB).

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).

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.

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.

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.

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.

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

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.

The official website for Carolina Financial is http://www.haveanicebank.com/.

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]