Stieven Capital Advisors L.P. trimmed its position in shares of Carolina Financial Corporation (NASDAQ:CARO) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,009 shares of the financial services provider’s stock after selling 9,421 shares during the period. Carolina Financial Corporation accounts for approximately 1.4% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 29th largest holding. Stieven Capital Advisors L.P. owned 0.97% of Carolina Financial Corporation worth $7,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CARO. Janus Henderson Group PLC purchased a new stake in shares of Carolina Financial Corporation during the second quarter worth $16,657,000. Northpointe Capital LLC lifted its position in shares of Carolina Financial Corporation by 62.1% during the second quarter. Northpointe Capital LLC now owns 375,215 shares of the financial services provider’s stock worth $12,127,000 after acquiring an additional 143,767 shares in the last quarter. Opus Capital Group LLC purchased a new stake in shares of Carolina Financial Corporation during the second quarter worth $4,019,000. John W. Rosenthal Capital Management Inc. purchased a new stake in shares of Carolina Financial Corporation during the third quarter worth $2,878,000. Finally, Vanguard Group Inc. lifted its position in shares of Carolina Financial Corporation by 17.4% during the second quarter. Vanguard Group Inc. now owns 523,484 shares of the financial services provider’s stock worth $16,919,000 after acquiring an additional 77,678 shares in the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.

Shares of Carolina Financial Corporation (NASDAQ CARO) opened at $36.89 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.80. Carolina Financial Corporation has a 12-month low of $20.33 and a 12-month high of $40.20. The stock has a market capitalization of $793.56, a price-to-earnings ratio of 19.52 and a beta of 0.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 14th will be given a $0.05 dividend. 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. This is an increase from Carolina Financial Corporation’s previous quarterly dividend of $0.04. Carolina Financial Corporation’s dividend payout ratio (DPR) is 8.74%.

In related news, Director Robert M. Moise sold 3,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $36.76, for a total value of $110,280.00. Following the sale, the director now owns 119,086 shares in the company, valued at $4,377,601.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.23% of the company’s stock.

Several equities research analysts have issued reports on CARO shares. Zacks Investment Research downgraded Carolina Financial Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded Carolina Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Brean Capital set a $37.00 target price on Carolina Financial Corporation and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $42.00 target price (up previously from $40.00) on shares of Carolina Financial Corporation in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $39.00.

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

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