News coverage about Carolina Financial Corporation (NASDAQ:CARO) has been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carolina Financial Corporation earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.4436489755003 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- South Carolina is considering offers to buy Santee Cooper but no one’s sure what it’s worth (postandcourier.com)
- United Insurance Holdings Corp. Schedules 2017 Third Quarter Financial Results and Conference Call (tmcnet.com)
- Feds OK Financial Aid for Vogtle Nuclear Expansion (enr.com)
- One of the recruits at the center of the federal NCAA basketball probe chooses UNC (washingtonpost.com)
CARO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 price target on shares of Carolina Financial Corporation in a research note on Friday, July 7th. BidaskClub upgraded shares of Carolina Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Stephens restated a “hold” rating and set a $34.00 price target on shares of Carolina Financial Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Carolina Financial Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Brean Capital reaffirmed a “buy” rating on shares of Carolina Financial Corporation in a report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Carolina Financial Corporation currently has an average rating of “Buy” and an average target price of $36.67.
Shares of Carolina Financial Corporation (NASDAQ:CARO) traded down 0.89% during mid-day trading on Thursday, reaching $35.76. 25,133 shares of the company were exchanged. The stock has a 50 day moving average price of $34.58 and a 200-day moving average price of $32.30. The stock has a market capitalization of $574.13 million, a P/E ratio of 19.68 and a beta of 0.46. Carolina Financial Corporation has a 12 month low of $22.00 and a 12 month high of $36.56.
Carolina Financial Corporation (NASDAQ:CARO) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. The company had revenue of $27.90 million for the quarter, compared to analyst estimates of $27.97 million. Carolina Financial Corporation had a net margin of 24.19% and a return on equity of 12.13%. Analysts predict that Carolina Financial Corporation will post $2.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. Carolina Financial Corporation’s payout ratio is currently 8.84%.
In related news, Director W. Scott Brandon sold 6,557 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $33.98, for a total value of $222,806.86. Following the sale, the director now directly owns 91,352 shares in the company, valued at approximately $3,104,140.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffery L. Deal sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $33.53, for a total transaction of $335,300.00. Following the completion of the sale, the director now owns 60,101 shares in the company, valued at $2,015,186.53. The disclosure for this sale can be found here. 12.23% of the stock is owned by insiders.
Carolina Financial Corporation 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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