Carolina Financial Corp. (NASDAQ:CARO)’s share price reached a new 52-week high on Friday . The stock traded as high as $20.40 and last traded at $20.39, with a volume of 12,329 shares changing hands. The stock had previously closed at $19.89.

Several equities analysts recently weighed in on the stock. TheStreet upgraded shares of Carolina Financial Corp. from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Zacks Investment Research upgraded shares of Carolina Financial Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, April 27th.

The firm has a market capitalization of $243.88 million and a PE ratio of 16.14. The firm has a 50-day moving average price of $18.84 and a 200 day moving average price of $17.88.

Carolina Financial Corp. (NASDAQ:CARO) last announced its earnings results on Friday, July 29th. The financial services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.12. Equities research analysts expect that Carolina Financial Corp. will post $1.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Wednesday, June 22nd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Monday, June 20th.

In other Carolina Financial Corp. news, Director Daniel H. Isaac, Jr. bought 11,400 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were purchased at an average price of $17.59 per share, for a total transaction of $200,526.00. Following the acquisition, the director now owns 53,111 shares in the company, valued at approximately $934,222.49. The purchase was disclosed in a filing with the SEC, which is available at this link.

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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