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

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Carolina Financial Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, April 27th. Raymond James Financial Inc. lowered shares of Carolina Financial Corp. from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 7th. Finally, TheStreet upgraded shares of Carolina Financial Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd.

The firm’s 50 day moving average price is $18.84 and its 200 day moving average price is $17.88. The company has a market capitalization of $243.88 million and a price-to-earnings ratio of 16.14.

Carolina Financial Corp. (NASDAQ:CARO) last posted 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 predict that Carolina Financial Corp. will post $1.42 earnings per share for the current year.

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

In other news, Director Daniel H. Isaac, Jr. bought 11,400 shares of the firm’s 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 acquisition, the director now directly owns 53,111 shares of the company’s stock, valued at approximately $934,222.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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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