Carolina Financial (NASDAQ:CARO) is scheduled to be announcing its n/a earnings results after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Shares of Carolina Financial (NASDAQ CARO) opened at $38.77 on Tuesday. The firm has a market capitalization of $822.83, a P/E ratio of 21.19 and a beta of 0.45. Carolina Financial has a 12-month low of $22.62 and a 12-month high of $40.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.80.
CARO has been the subject of several recent research reports. Brean Capital reiterated a “buy” rating and issued a $40.00 price objective on shares of Carolina Financial in a research report on Friday, November 10th. ValuEngine downgraded Carolina Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded Carolina Financial from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, January 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Carolina Financial in a research report on Tuesday, October 31st. Finally, Sandler O’Neill set a $44.00 price objective on Carolina Financial and gave the company a “buy” rating in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Carolina Financial presently has a consensus rating of “Buy” and a consensus target price of $40.17.
In related news, Director Robert M. Moise sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $36.76, for a total transaction of $110,280.00. Following the completion of the transaction, the director now owns 119,086 shares in the company, valued at $4,377,601.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.23% of the stock is owned by corporate insiders.
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Carolina Financial Company 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.
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