Carolina Financial Corp (CARO) Director Jeffery L. Deal Sells 1,105 Shares

Carolina Financial Corp (NASDAQ:CARO) Director Jeffery L. Deal sold 1,105 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $37.09, for a total value of $40,984.45. Following the transaction, the director now directly owns 22,296 shares in the company, valued at $826,958.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CARO traded down $0.85 during midday trading on Thursday, reaching $35.20. The company had a trading volume of 8,338 shares, compared to its average volume of 48,875. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a market cap of $815.40 million, a price-to-earnings ratio of 12.31 and a beta of 0.99. Carolina Financial Corp has a 1 year low of $27.62 and a 1 year high of $45.58.

Carolina Financial (NASDAQ:CARO) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). The company had revenue of $43.34 million during the quarter, compared to analysts’ expectations of $44.74 million. Carolina Financial had a return on equity of 10.99% and a net margin of 29.22%. On average, equities analysts anticipate that Carolina Financial Corp will post 2.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a $0.09 dividend. This is a boost from Carolina Financial’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. Carolina Financial’s dividend payout ratio is presently 11.19%.

A number of research analysts have recently issued reports on the company. ValuEngine raised Carolina Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Zacks Investment Research raised Carolina Financial from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. BidaskClub downgraded Carolina Financial from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Brean Capital reissued a “buy” rating and issued a $41.00 target price on shares of Carolina Financial in a report on Friday, January 25th. Finally, Stephens reissued a “hold” rating on shares of Carolina Financial in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Carolina Financial has a consensus rating of “Hold” and a consensus price target of $34.33.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. grew its position in shares of Carolina Financial by 9.6% during the first quarter. Advisor Group Inc. now owns 4,128 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 363 shares in the last quarter. Campbell Newman Asset Management Inc. grew its holdings in Carolina Financial by 3.2% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 12,836 shares of the financial services provider’s stock valued at $444,000 after buying an additional 395 shares in the last quarter. Teton Advisors Inc. grew its holdings in Carolina Financial by 10.7% during the 4th quarter. Teton Advisors Inc. now owns 8,303 shares of the financial services provider’s stock valued at $246,000 after buying an additional 803 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Carolina Financial by 37.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the financial services provider’s stock valued at $89,000 after buying an additional 819 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Carolina Financial by 2.9% during the 1st quarter. Swiss National Bank now owns 39,100 shares of the financial services provider’s stock valued at $1,352,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.

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Carolina Financial Company Profile

Carolina Financial Corporation operates as a holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. The company operates through three segments: Community Banking, Wholesale Mortgage Banking, and Other. It offers noninterest-bearing demand accounts, interest-bearing demand and savings accounts, money market accounts, time deposits, and certificates of deposit.

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Insider Buying and Selling by Quarter for Carolina Financial (NASDAQ:CARO)

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