Carolina Financial Corp (NASDAQ:CARO) has earned a consensus rating of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.00.

CARO has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price target (up from $40.00) on shares of Carolina Financial in a report on Tuesday, October 31st. Brean Capital reaffirmed a “buy” rating and set a $40.00 price target on shares of Carolina Financial in a report on Friday, November 10th. BidaskClub raised Carolina Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research downgraded Carolina Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd.

Carolina Financial (NASDAQ:CARO) opened at $36.77 on Thursday. The stock has a market capitalization of $774.60, a price-to-earnings ratio of 19.06 and a beta of 0.45. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.19. Carolina Financial has a 1-year low of $22.20 and a 1-year high of $40.20.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, December 13th. This is a boost from Carolina Financial’s previous quarterly dividend of $0.04. Carolina Financial’s dividend payout ratio is 8.74%.

In related news, Director Robert M. Moise sold 3,000 shares of the company’s stock in a transaction 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 sale, the director now owns 119,086 shares in the company, valued at $4,377,601.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.23% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of CARO. Janus Henderson Group PLC purchased a new stake in Carolina Financial during the second quarter valued at $16,657,000. Opus Capital Group LLC purchased a new stake in Carolina Financial during the second quarter valued at $4,019,000. John W. Rosenthal Capital Management Inc. purchased a new stake in Carolina Financial during the third quarter valued at $2,878,000. Vanguard Group Inc. increased its position in Carolina Financial by 17.4% during the second quarter. Vanguard Group Inc. now owns 523,484 shares of the financial services provider’s stock valued at $16,919,000 after acquiring an additional 77,678 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in Carolina Financial by 93.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 145,214 shares of the financial services provider’s stock valued at $5,210,000 after acquiring an additional 70,214 shares during the last quarter. Institutional investors own 35.49% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Carolina Financial Corp (CARO) Receives Consensus Rating of “Buy” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/14/carolina-financial-corp-caro-receives-consensus-rating-of-buy-from-brokerages.html.

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.

Receive News & Ratings for Carolina Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carolina Financial and related companies with MarketBeat.com's FREE daily email newsletter.