Carolina Financial (CARO) Scheduled to Post Earnings on Wednesday

Carolina Financial (NASDAQ:CARO) is scheduled to post its quarterly earnings results after the market closes on Wednesday, January 24th. Analysts expect Carolina Financial to post earnings of $0.36 per share for the quarter.

Carolina Financial (NASDAQ:CARO) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01). Carolina Financial had a net margin of 24.80% and a return on equity of 11.46%. On average, analysts expect Carolina Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carolina Financial (NASDAQ CARO) traded up $0.62 during mid-day trading on Friday, reaching $39.07. The company’s stock had a trading volume of 49,760 shares, compared to its average volume of 97,269. Carolina Financial has a 1 year low of $22.62 and a 1 year high of $40.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $812.06, a P/E ratio of 21.47 and a beta of 0.29.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, December 13th. This is an increase from Carolina Financial’s previous quarterly dividend of $0.04. Carolina Financial’s payout ratio is 10.99%.

In other news, Director Robert M. Moise sold 3,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $36.76, for a total value of $110,280.00. Following the completion of the sale, the director now owns 119,086 shares of the company’s stock, valued at $4,377,601.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.23% of the stock is currently owned by insiders.

CARO has been the subject of a number of research reports. Zacks Investment Research raised Carolina Financial from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, November 1st. Brean Capital reissued a “buy” rating on shares of Carolina Financial in a research report on Monday, October 30th. Sandler O’Neill set a $44.00 price target on Carolina Financial and gave the company a “buy” rating in a research report on Thursday, January 4th. ValuEngine downgraded Carolina Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, BidaskClub downgraded Carolina Financial from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.17.

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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.

Earnings History for Carolina Financial (NASDAQ:CARO)

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