Carolina Financial Corp. (CARO) Reaches New 1-Year High at $21.31
Carolina Financial Corp. (NASDAQ:CARO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.31 and last traded at $21.07, with a volume of 15,130 shares traded. The stock had previously closed at $20.91.
Separately, Zacks Investment Research raised shares of Carolina Financial Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, April 27th.
The stock has a 50 day moving average price of $19.68 and a 200 day moving average price of $18.25. The stock has a market cap of $259.71 million and a PE ratio of 16.60.
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 Zacks’ consensus estimate of $0.36 by $0.12. On average, analysts predict that Carolina Financial Corp. will post $1.40 EPS for the current year.
In other Carolina Financial Corp. news, Director Michael P. Leddy sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $20.19, for a total value of $201,900.00. Following the completion of the transaction, the director now owns 92,607 shares of the company’s stock, valued at approximately $1,869,735.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel H. Isaac, Jr. bought 11,400 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was acquired at an average cost of $17.59 per share, with a total value of $200,526.00. Following the transaction, the director now owns 53,111 shares in the company, 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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