Insider Buying: W. Scott Brandon Acquires 4,338 Shares of Carolina Financial Corp (New) Stock (CARO)
Carolina Financial Corp (New) (NASDAQ:CARO) Director W. Scott Brandon acquired 4,338 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $107,972.82. Following the completion of the transaction, the director now directly owns 61,162 shares of the company’s stock, valued at approximately $1,522,322. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Carolina Financial Corp (NASDAQ:CARO) traded up 4.78% during mid-day trading on Tuesday, hitting $25.0001. The stock had a trading volume of 1,100 shares. Carolina Financial Corp has a 1-year low of $19.40 and a 1-year high of $25.98. The stock’s 50-day moving average is $22.30 and its 200-day moving average is $21.33. The company has a market cap of $96.9 million and a price-to-earnings ratio of 8.52.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 8th. Stockholders of record on Wednesday, September 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Monday, September 15th.
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