How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) announced its quarterly earnings data on Friday, October, 25th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The financial services provider earned $48.90 million during the quarter, compared to the consensus estimate of $46.60 million. Carolina Financial had a net margin of 27.98% and a trailing twelve-month return on equity of 10.49%.

Is Carolina Financial a good dividend stock?

Carolina Financial (NASDAQ:CARO) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 13.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARO will have a dividend payout ratio of 14.76% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CARO .

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) , Huntington Bancshares (HBAN) , QUALCOMM (QCOM) , WestRock (WRK) , AbbVie (ABBV) , Dominion Energy (D) , Walt Disney (DIS) , Enbridge (ENB) and Enterprise Products Partners (EPD) .

NASDAQ:CARO

Carolina Financial (CARO) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: $32.50
▼
$33.79
50-Day Range: $29.36
▼
$35.09
52-Week Range: $20.72
▼
$43.85

Volume: 691,192 shs
Average Volume: 178,226 shs
Market Capitalization: $816.28 million

P/E Ratio: 11.74
Dividend Yield: 1.22%
Price Target: N/A

Stock Analysis

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About Carolina Financial Stock (NASDAQ:CARO)

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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CARO Stock News Headlines

April 19, 2024 | yahoo.com

North Carolina Wildlife Agency responds to incident involving harassment of black bear cubs

April 19, 2024 | msn.com

Impostor schemes on the rise in North Carolina

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 19, 2024 | bizjournals.com

Truliant is first N.C. financial institution to get certification as a family-friendly employer

April 18, 2024 | msn.com

North Carolina murder suspect captured in Tennessee after deadly Davie County home shooting, deputies say

April 17, 2024 | apnews.com

North Carolina sees slight surplus this year, $1B more next year

April 17, 2024 | msn.com

Alex Murdaugh will appeal his 40-year federal sentence for financial crimes

April 17, 2024 | msn.com

South Carolina Proposes Anti-ESG Bill Aimed at Backing Farmers

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 17, 2024 | msn.com

Shhh! Carolina Panthers great Muhsin Muhammad explains it all on eve of the NFL Draft

April 17, 2024 | finance.yahoo.com

Seniors Helping Seniors® In-Home Care Services Expands to Rock Hill, South Carolina

April 16, 2024 | msn.com

‘We're talking beans and rice’: This North Carolina couple share a staggering $400K in student debt — here's what Dave Ramsey thinks these 'broke people with lots of ...

April 16, 2024 | abcnews.go.com

Treasurer denies South Carolina Senate accusation he risked cyberattack in missing $1.8B case

April 16, 2024 | forbes.com

4 Reasons Why Eating Out Can Be Good For Your Financial Freedom Plan

April 15, 2024 | finance.yahoo.com

Brianna Ellis Promoted to Chief Financial Officer at Ram Realty Advisors

April 15, 2024 | msn.com

Former South Carolina financial advisor admits to multi-million-dollar tax evasion, officials say

April 14, 2024 | msn.com

19-year-old killed in house party shooting in Spartanburg, South Carolina, officials say

April 14, 2024 | msn.com

High school student-operated credit union is teaching financial literacy through hands-on experience

April 14, 2024 | msn.com

Driver ejected from vehicle in multi-vehicle accident in Pickens County, South Carolina, coroner says

April 14, 2024 | msn.com

Death investigation underway after 19-year-old killed in shooting in Spartanburg, South Carolina, coroner says

April 14, 2024 | msn.com

1 injured in shooting at apartment in Easley, South Carolina, police say

April 14, 2024 | msn.com

Man accused of dumping body of missing North Carolina man in the trash

April 14, 2024 | msn.com

Proposed S.C. bill would create financial accountability in animal cruelty cases

April 13, 2024 | msn.com

The 'Most Expensive Neighborhood' In South Carolina

April 13, 2024 | marketwatch.com

How to get financial advice for free

April 13, 2024 | msn.com

Breaking down challenges with sports betting in North Carolina

April 13, 2024 | msn.com

Duke University Has Officially Ended Its Full-Ride Scholarship For Black Students In Need Of Financial Assistance

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Company Calendar

Last Earnings: 10/25/2019
Today: 4/19/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State Commercial Banks
Sub-Industry: N/A
Current Symbol: NASDAQ:CARO
CUSIP: N/A
CIK: 870385
Web: www.haveanicebank.com
Phone: 843-723-7700
Fax: N/A
Employees: 735
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.94
Trailing P/E Ratio: 11.74
Forward P/E Ratio: 12.45
P/E Growth: N/A
Net Income: $62.74 million
Net Margins: 27.98%
Pretax Margin: N/A
Return on Equity: 10.49%
Return on Assets: 1.63%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.87
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $224.23 million
Price / Sales: 3.64
Cash Flow: $3.37 per share
Price / Cash Flow: 9.76
Book Value: $29.97 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 24,826,000
Free Float: N/A
Market Cap: $816.28 million
Optionable: Not Optionable
Beta: 1.40

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Key Executives

Mr. Jerold L. Rexroad CPA (Age 59)
CPA, Pres, CEO & Director
Mr. William A. Gehman III (Age 58)
Exec. VP & CFO
Mr. David L. Morrow (Age 69)
Exec. VP & Director
Mr. Melton J. Huggins III (Age 56)
Exec. VP & Sec.

Key Competitors

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CARO Stock Analysis - Frequently Asked Questions

How were Carolina Financial's earnings last quarter?: Carolina Financial Corp (NASDAQ:CARO) announced its quarterly earnings data on Friday, October, 25th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The financial services provider earned $48.90 million during the quarter, compared to the consensus estimate of $46.60 million. Carolina Financial had a net margin of 27.98% and a trailing twelve-month return on equity of 10.49%.
Is Carolina Financial a good dividend stock?: Carolina Financial (NASDAQ:CARO) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 13.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARO will have a dividend payout ratio of 14.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARO.
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), Huntington Bancshares (HBAN), QUALCOMM (QCOM), WestRock (WRK), AbbVie (ABBV), Dominion Energy (D), Walt Disney (DIS), Enbridge (ENB) and Enterprise Products Partners (EPD).

This page (NASDAQ:CARO) was last updated on 4/20/2024 by MarketBeat.com Staff

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Carolina Financial (CARO) Stock Price, News & Analysis

About Carolina Financial Stock (NASDAQ:CARO)

CARO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

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Key Competitors

CARO Stock Analysis - Frequently Asked Questions

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