Carolina Financial Corp (NASDAQ:CARO) declared a dividend on Wednesday, October 23rd, Fidelity reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.10 per share by the financial services provider on Friday, January 3rd. The ex-dividend date is Thursday, December 12th.

Shares of NASDAQ CARO traded up $0.43 during midday trading on Tuesday, hitting $42.17. 3,797 shares of the company’s stock were exchanged, compared to its average volume of 201,986. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.10. Carolina Financial has a 12 month low of $27.62 and a 12 month high of $42.68. The company’s 50 day moving average price is $39.65 and its 200 day moving average price is $36.02. The firm has a market capitalization of $939.16 million, a PE ratio of 14.75 and a beta of 1.02.

Carolina Financial (NASDAQ:CARO) last issued its earnings results on Friday, October 25th. The financial services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Carolina Financial had a return on equity of 11.13% and a net margin of 28.30%. The company had revenue of $48.90 million during the quarter, compared to the consensus estimate of $46.60 million. On average, equities research analysts anticipate that Carolina Financial will post 2.96 EPS for the current year.

In other news, EVP David L. Morrow sold 2,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $72,700.00. Following the completion of the sale, the executive vice president now directly owns 117,292 shares in the company, valued at approximately $4,263,564.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director W. Scott Brandon sold 2,507 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $36.39, for a total value of $91,229.73. Following the sale, the director now owns 86,466 shares of the company’s stock, valued at $3,146,497.74. The disclosure for this sale can be found here. Insiders sold a total of 24,170 shares of company stock valued at $996,364 over the last 90 days. 6.89% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on CARO. DA Davidson downgraded Carolina Financial from a “buy” rating to a “hold” rating and set a $44.65 price target for the company. in a research note on Monday, November 18th. ValuEngine downgraded Carolina Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Stephens restated a “hold” rating and issued a $38.00 price target on shares of Carolina Financial in a research note on Monday, October 28th. BidaskClub downgraded Carolina Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Raymond James upgraded Carolina Financial from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.44.

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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Dividend History for Carolina Financial (NASDAQ:CARO)

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