Carolina Financial Corp. (NASDAQ:CARO) reached a new 52-week high on Tuesday . The stock traded as high as $20.10 and last traded at $20.00, with a volume of 24,161 shares traded. The stock had previously closed at $19.25.

CARO has been the subject of several research reports. Raymond James Financial Inc. lowered Carolina Financial Corp. from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 7th. Zacks Investment Research lowered Carolina Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, TheStreet raised Carolina Financial Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd.

The company has a market capitalization of $234.98 million and a price-to-earnings ratio of 13.75. The firm has a 50 day moving average of $18.23 and a 200-day moving average of $17.74.

Carolina Financial Corp. (NASDAQ:CARO) last posted its quarterly earnings results on Friday, April 22nd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. On average, equities research analysts anticipate that Carolina Financial Corp. will post $1.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Wednesday, June 22nd were given a dividend of $0.03 per share. The ex-dividend date was Monday, June 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.60%.

In other news, Director Daniel H. Isaac, Jr. purchased 11,400 shares of Carolina Financial Corp. stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average price of $17.59 per share, for a total transaction of $200,526.00. Following the transaction, the director now owns 53,111 shares of the company’s stock, valued at approximately $934,222.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

An institutional investor recently bought a new position in Carolina Financial Corp. stock. EJF Capital LLC bought a new position in shares of Carolina Financial Corp. (NASDAQ:CARO) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 175,000 shares of the financial services provider’s stock, valued at approximately $3,150,000. EJF Capital LLC owned approximately 1.77% of Carolina Financial Corp. as of its most recent filing with the SEC.

Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank, a South Carolina state-chartered bank (the 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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