Carolina Financial (CARO) Receives Daily Media Sentiment Rating of 0.19
News stories about Carolina Financial (NASDAQ:CARO) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carolina Financial earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.9153693930905 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- North Carolina sues Arizona-based company over opioid scheme (ktar.com)
- Financial Technology and Parental Choice in Education (heritage.org)
- North Carolina sues pharmaceutical over opioid scheme (journalnow.com)
- Raleigh financial adviser indicted on 16 fraud and corruption charges (wncn.com)
- North Carolina sues drug company over opioid scheme (journalnow.com)
Shares of Carolina Financial (NASDAQ:CARO) opened at $37.28 on Friday. Carolina Financial has a 1 year low of $22.20 and a 1 year high of $40.20. The stock has a market cap of $790.61, a P/E ratio of 20.37 and a beta of 0.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.80 and a current ratio of 0.81.
A number of research analysts have recently weighed in on CARO shares. Zacks Investment Research cut shares of Carolina Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Brean Capital set a $37.00 price objective on shares of Carolina Financial and gave the stock a “buy” rating in a research note on Friday, October 20th. ValuEngine cut shares of Carolina Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. BidaskClub raised shares of Carolina Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Raymond James Financial reissued an “outperform” rating and set a $42.00 price objective (up from $40.00) on shares of Carolina Financial in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Carolina Financial has a consensus rating of “Buy” and an average price target of $39.00.
In related news, Director Robert M. Moise sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.76, for a total transaction of $110,280.00. Following the sale, the director now owns 119,086 shares in the company, valued at $4,377,601.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.23% of the stock is currently owned by company insiders.
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About Carolina Financial
Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank (the Bank), a state-chartered commercial 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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