Carolina Financial Corp (New) Director Purchases $42,125 in Stock (CARO)
Carolina Financial Corp (New) (NASDAQ:CARO) Director W. Scott Brandon acquired 1,685 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $25.00 per share, with a total value of $42,125.00. Following the transaction, the director now directly owns 65,617 shares in the company, valued at approximately $1,640,425. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Carolina Financial Corp (NASDAQ:CARO) traded up 0.47% during mid-day trading on Thursday, hitting $24.75. 985 shares of the company’s stock traded hands. Carolina Financial Corp has a one year low of $19.40 and a one year high of $26.00. The stock’s 50-day moving average is $23.29 and its 200-day moving average is $21.70. The company has a market cap of $96.0 million and a P/E ratio of 8.79.
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 0.81%. The ex-dividend date of this dividend is Monday, September 15th.
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