Carolina Financial Corp. (NASDAQ:CARO) reached a new 52-week high during trading on Thursday . The stock traded as high as $20.68 and last traded at $20.62, with a volume of 11,081 shares traded. The stock had previously closed at $20.34.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Carolina Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. TheStreet upgraded Carolina Financial Corp. from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd.

The company has a 50 day moving average of $19.19 and a 200-day moving average of $17.99. The company has a market cap of $245.66 million and a price-to-earnings ratio of 16.26.

Carolina Financial Corp. (NASDAQ:CARO) last issued its earnings results on Friday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.12. Equities research analysts forecast that Carolina Financial Corp. will post $1.40 earnings per share for the current year.

In other news, Director Daniel H. Isaac, Jr. purchased 11,400 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were bought at an average price of $17.59 per share, with a total value of $200,526.00. Following the completion of the transaction, the director now directly owns 53,111 shares in the company, valued at approximately $934,222.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael P. Leddy sold 10,000 shares of Carolina Financial Corp. stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $20.19, for a total value of $201,900.00. Following the transaction, the director now directly owns 92,607 shares in the company, valued at approximately $1,869,735.33. The disclosure for this sale can be found here.

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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