Swiss National Bank acquired a new position in shares of Carolina Financial Corp (NASDAQ:CARO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,000 shares of the financial services provider’s stock, valued at approximately $1,263,000. Swiss National Bank owned approximately 0.16% of Carolina Financial at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Carolina Financial during the third quarter worth $143,000. Teacher Retirement System of Texas acquired a new position in Carolina Financial during the fourth quarter worth $251,000. Citadel Advisors LLC acquired a new position in Carolina Financial during the third quarter worth $296,000. Goldman Sachs Group Inc. acquired a new position in Carolina Financial during the second quarter worth $273,000. Finally, Alps Advisors Inc. acquired a new position in Carolina Financial during the third quarter worth $497,000. Hedge funds and other institutional investors own 44.89% of the company’s stock.
Shares of Carolina Financial Corp (NASDAQ CARO) opened at $41.17 on Wednesday. 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 company has a market capitalization of $861.07, a price-to-earnings ratio of 20.08 and a beta of 0.61. Carolina Financial Corp has a 1-year low of $22.91 and a 1-year high of $42.42.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Tuesday, March 6th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 5th. Carolina Financial’s payout ratio is presently 11.43%.
Several research analysts have issued reports on the company. BidaskClub lowered Carolina Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered Carolina Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Brean Capital reiterated a “buy” rating on shares of Carolina Financial in a research note on Monday, February 5th. Stephens reiterated a “hold” rating and set a $43.00 price objective on shares of Carolina Financial in a research note on Friday, January 26th. Finally, ValuEngine lowered Carolina Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Three investment 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 has an average rating of “Buy” and a consensus target price of $41.67.
In other news, Director Robert M. Moise sold 5,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $38.84, for a total transaction of $194,200.00. Following the sale, the director now owns 111,614 shares in the company, valued at $4,335,087.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.23% of the stock is currently owned by corporate insiders.
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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.
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