Carolina Financial Corp. (NASDAQ:CARO)’s share price reached a new 52-week high during mid-day trading on Thursday . The company 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.

A number of research firms have recently issued reports on CARO. TheStreet raised Carolina Financial Corp. from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Zacks Investment Research raised Carolina Financial Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, April 27th.

The stock has a 50-day moving average price of $19.27 and a 200-day moving average price of $18.03. The stock has a market cap of $258.35 million and a price-to-earnings ratio of 16.52.

Carolina Financial Corp. (NASDAQ:CARO) last released its quarterly earnings data on Friday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.12. On average, analysts forecast that Carolina Financial Corp. will post $1.40 earnings per share for the current fiscal year.

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