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.
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.
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.