BidaskClub lowered shares of Carolina Financial (NASDAQ:CARO) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Carolina Financial from a hold rating to a buy rating in a research report on Thursday, May 31st. Brean Capital reissued a buy rating on shares of Carolina Financial in a research report on Monday, July 30th. Zacks Investment Research cut shares of Carolina Financial from a buy rating to a hold rating in a research report on Wednesday, June 6th. Finally, Keefe, Bruyette & Woods lowered shares of Carolina Financial from an outperform rating to a market perform rating and set a $19.00 price target on the stock. in a research note on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $39.67.

NASDAQ:CARO opened at $39.49 on Thursday. Carolina Financial has a 52 week low of $34.16 and a 52 week high of $45.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.83 and a quick ratio of 0.81. The company has a market cap of $911.24 million, a P/E ratio of 16.06 and a beta of 0.56.

Carolina Financial (NASDAQ:CARO) last posted its earnings results on Tuesday, July 24th. The financial services provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.01). Carolina Financial had a net margin of 19.50% and a return on equity of 11.11%. The firm had revenue of $43.93 million for the quarter, compared to analysts’ expectations of $44.04 million. equities analysts anticipate that Carolina Financial will post 2.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Thursday, September 20th will be paid a dividend of $0.07 per share. This is a positive change from Carolina Financial’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, September 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.71%. Carolina Financial’s dividend payout ratio is presently 11.76%.

A number of institutional investors have recently modified their holdings of CARO. Wells Fargo & Company MN increased its stake in Carolina Financial by 17.9% during the 1st quarter. Wells Fargo & Company MN now owns 33,265 shares of the financial services provider’s stock valued at $1,307,000 after purchasing an additional 5,040 shares in the last quarter. Rhumbline Advisers increased its stake in Carolina Financial by 15.0% during the 1st quarter. Rhumbline Advisers now owns 16,287 shares of the financial services provider’s stock valued at $640,000 after purchasing an additional 2,130 shares in the last quarter. Eaton Vance Management acquired a new position in Carolina Financial during the 1st quarter valued at approximately $990,000. Schwab Charles Investment Management Inc. increased its stake in Carolina Financial by 7.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 81,428 shares of the financial services provider’s stock valued at $3,199,000 after purchasing an additional 5,840 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its stake in Carolina Financial by 19.0% during the 1st quarter. ClariVest Asset Management LLC now owns 17,884 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 2,854 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

About Carolina Financial

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 checking accounts, commercial accounts, savings accounts, money market accounts, retirement accounts, longer-term certificates of deposit, noninterest-bearing demand accounts, and interest-bearing demand accounts to individuals, businesses, associations, organizations, and governmental authorities.

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Analyst Recommendations for Carolina Financial (NASDAQ:CARO)

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