Schwab Charles Investment Management Inc. maintained its stake in Carolina Financial Corporation (NASDAQ:CARO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,200 shares of the financial services provider’s stock at the close of the second quarter. Schwab Charles Investment Management Inc. owned 0.13% of Carolina Financial Corporation worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CARO. Bank of America Corp DE boosted its stake in Carolina Financial Corporation by 253.2% in the 1st quarter. Bank of America Corp DE now owns 85,722 shares of the financial services provider’s stock worth $2,572,000 after purchasing an additional 61,453 shares during the period. Vanguard Group Inc. boosted its stake in Carolina Financial Corporation by 14.5% in the 1st quarter. Vanguard Group Inc. now owns 445,806 shares of the financial services provider’s stock worth $13,374,000 after purchasing an additional 56,618 shares during the period. Dimensional Fund Advisors LP boosted its stake in Carolina Financial Corporation by 79.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 109,434 shares of the financial services provider’s stock worth $3,283,000 after purchasing an additional 48,319 shares during the period. Renaissance Technologies LLC boosted its stake in Carolina Financial Corporation by 27.7% in the 1st quarter. Renaissance Technologies LLC now owns 191,100 shares of the financial services provider’s stock worth $5,733,000 after purchasing an additional 41,400 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Carolina Financial Corporation by 41.5% in the 1st quarter. Bank of New York Mellon Corp now owns 44,907 shares of the financial services provider’s stock worth $1,347,000 after purchasing an additional 13,179 shares during the period. 43.32% of the stock is owned by hedge funds and other institutional investors.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.05 per share. This is a boost from Carolina Financial Corporation’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, December 13th. Carolina Financial Corporation’s dividend payout ratio (DPR) is currently 8.74%.

A number of equities analysts recently weighed in on CARO shares. BidaskClub raised shares of Carolina Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $38.00 target price on shares of Carolina Financial Corporation in a research note on Friday, July 7th. Stephens reaffirmed a “hold” rating and issued a $34.00 target price on shares of Carolina Financial Corporation in a research note on Monday, July 24th. Brean Capital reaffirmed a “buy” rating on shares of Carolina Financial Corporation in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Carolina Financial Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.40.

In other news, Director Jeffery L. Deal sold 10,000 shares of Carolina Financial Corporation stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $33.53, for a total transaction of $335,300.00. Following the completion of the transaction, the director now directly owns 60,101 shares in the company, valued at $2,015,186.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.23% of the stock is owned by company insiders.

About Carolina Financial Corporation

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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Institutional Ownership by Quarter for Carolina Financial Corporation (NASDAQ:CARO)

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