Carolina Financial Corp (NASDAQ:CARO) has earned an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company. Carolina Financial Corp’s rating score has improved by 25% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus price objective of $19.00 for the company and are anticipating that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Carolina Financial Corp an industry rank of 45 out of 265 based on the ratings given to related companies.
Carolina Financial Corp (NASDAQ:CARO) opened at 18.00 on Monday. The firm has a market capitalization of $170.33 million and a P/E ratio of 13.67. The firm has a 50-day moving average price of $15.96 and a 200 day moving average price of $15.64. Carolina Financial Corp has a 52-week low of $12.95 and a 52-week high of $18.96.
Carolina Financial Corp (NASDAQ:CARO) last posted its earnings results on Wednesday, October 21st. The financial services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Analysts forecast that Carolina Financial Corp will post $1.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Friday, December 18th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.67%.
In related news, Director Michael P. Leddy sold 20,397 shares of the stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $14.80, for a total transaction of $301,875.60. Following the transaction, the director now directly owns 101,989 shares in the company, valued at $1,509,437.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Several analysts have weighed in on the company. Raymond James assumed coverage on Carolina Financial Corp in a report on Friday, December 18th. They issued a “strong-buy” rating and a $19.00 target price on the stock. Zacks Investment Research downgraded Carolina Financial Corp from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st.
Carolina Financial Corporation (NASDAQ:CARO) is a bank holding company. The Company operates through CresCom Bank, a South Carolina state-chartered bank. The Company’s operations include community banking and wholesale mortgage banking (mortgage banking). The community banking provides traditional banking services offered through CresCom Bank. The mortgage banking provides mortgage loan origination and servicing offered through Crescent Mortgage. The Company’s subsidiaries provide a range of financial services to its customers, including commercial and retail banking; mortgage banking, and cash management. Through the Bank, the Company conducts business through approximately 14 bank branches located in South Carolina, including four in Charleston, three in Dorchester, two in Berkeley, one in Georgetown and four in Horry.
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