Carolina Financial Corporation (NASDAQ:CARO) has earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.50.
Several research firms have recently commented on CARO. Raymond James Financial, Inc. reissued an “outperform” rating and set a $42.00 target price (up from $40.00) on shares of Carolina Financial Corporation in a research report on Tuesday, October 31st. Brean Capital reissued a “buy” rating on shares of Carolina Financial Corporation in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Carolina Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, BidaskClub raised shares of Carolina Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th.
In other Carolina Financial Corporation news, Director Robert M. Moise sold 3,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $36.76, for a total value of $110,280.00. Following the completion of the sale, the director now directly owns 119,086 shares of the company’s stock, valued at approximately $4,377,601.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.23% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://sportsperspectives.com/2017/11/22/analysts-set-carolina-financial-corporation-caro-pt-at-38-50.html.
Carolina Financial Corporation (NASDAQ CARO) traded down $0.24 during trading hours on Friday, hitting $37.68. 74,245 shares of the stock traded hands, compared to its average volume of 25,517. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $787.66, a P/E ratio of 19.38 and a beta of 0.45. Carolina Financial Corporation has a one year low of $20.19 and a one year high of $40.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. This is an increase from Carolina Financial Corporation’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, December 13th. Carolina Financial Corporation’s dividend payout ratio is presently 8.74%.
About Carolina Financial Corporation
Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank (the Bank), a state-chartered commercial bank. The Company operates through three segments: community banking, wholesale mortgage banking (mortgage banking) and other. The Company’s community banking segment provides traditional banking services offered through CresCom Bank.
Receive News & Ratings for Carolina Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carolina Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.