Insider Buying: Carolina Financial Corp (New) Director Acquires 2,300 Shares of Stock (CARO)
Carolina Financial Corp (New) (NASDAQ:CARO) Director W. Scott Brandon bought 2,300 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $24.72 per share, for a total transaction of $56,856.00. Following the transaction, the director now directly owns 63,932 shares in the company, valued at approximately $1,580,399. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Carolina Financial Corp (NASDAQ:CARO) remained flat at $24.50 during trading on Tuesday. 3 shares of the company’s stock traded hands. Carolina Financial Corp has a 1-year low of $19.40 and a 1-year high of $26.00. The stock has a 50-day moving average of $23.02 and a 200-day moving average of $21.61. The company has a market cap of $95.0 million and a price-to-earnings ratio of 8.75.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, September 15th.
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