Carolina Financial Corp. (NASDAQ:CARO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $21.64 and last traded at $21.57, with a volume of 28,028 shares changing hands. The stock had previously closed at $21.45.

Separately, Zacks Investment Research cut Carolina Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd.

The company has a market capitalization of $265.87 million and a PE ratio of 17.00. The company’s 50 day moving average is $20.00 and its 200-day moving average is $18.41.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, September 27th.

In related 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 transaction, the director now owns 92,607 shares in the company, valued at approximately $1,869,735.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel H. Isaac, Jr. purchased 11,400 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average price of $17.59 per share, for a total transaction of $200,526.00. Following the transaction, the director now directly owns 53,111 shares in the company, valued at $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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