Carolina Financial Corporation (NASDAQ:CARO) Holdings Lifted by Teachers Advisors LLC

Teachers Advisors LLC lifted its position in shares of Carolina Financial Corporation (NASDAQ:CARO) by 33.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,644 shares of the financial services provider’s stock after acquiring an additional 6,367 shares during the period. Teachers Advisors LLC owned approximately 0.16% of Carolina Financial Corporation worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nationwide Fund Advisors grew its position in Carolina Financial Corporation by 4.4% in the 1st quarter. Nationwide Fund Advisors now owns 6,723 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 286 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Carolina Financial Corporation by 41.5% during the 1st quarter. Bank of New York Mellon Corp now owns 44,907 shares of the financial services provider’s stock worth $1,347,000 after acquiring an additional 13,179 shares during the last quarter. American International Group Inc. boosted its stake in shares of Carolina Financial Corporation by 8.7% during the 1st quarter. American International Group Inc. now owns 6,399 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 512 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Carolina Financial Corporation by 14.5% during the 1st quarter. Vanguard Group Inc. now owns 445,806 shares of the financial services provider’s stock worth $13,374,000 after acquiring an additional 56,618 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Carolina Financial Corporation by 11.5% during the 1st quarter. Geode Capital Management LLC now owns 99,657 shares of the financial services provider’s stock worth $2,989,000 after acquiring an additional 10,312 shares during the last quarter. 33.23% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on CARO shares. Stephens restated a “hold” rating and set a $34.00 target price on shares of Carolina Financial Corporation in a research note on Monday, July 24th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $42.00 price target (up previously from $40.00) on shares of Carolina Financial Corporation in a research note on Tuesday, October 31st. BidaskClub upgraded shares of Carolina Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Brean Capital reiterated a “buy” rating on shares of Carolina Financial Corporation in a research note on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Carolina Financial Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $39.00.

Carolina Financial Corporation (NASDAQ CARO) opened at $36.21 on Tuesday. Carolina Financial Corporation has a one year low of $19.01 and a one year high of $40.20. The company has a market cap of $751.65, a PE ratio of 18.49 and a beta of 0.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.80.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, December 13th. This is a boost from Carolina Financial Corporation’s previous quarterly dividend of $0.04. Carolina Financial Corporation’s dividend payout ratio is presently 8.74%.

In other news, Director Robert M. Moise sold 3,000 shares of the company’s stock in a transaction that occurred on 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 owns 119,086 shares of the company’s stock, valued at approximately $4,377,601.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.23% of the stock is currently owned by corporate insiders.

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Carolina Financial Corporation Profile

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.

Institutional Ownership by Quarter for Carolina Financial Corporation (NASDAQ:CARO)

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