Somewhat Positive News Coverage Somewhat Unlikely to Affect Carolina Financial (CARO) Stock Price
Headlines about Carolina Financial (NASDAQ:CARO) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carolina Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.376685545054 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Carolina Financial (CARO) Raised to Buy at BidaskClub (americanbankingnews.com)
- Could North Carolina be a contender for a new Apple campus? One analysis thinks so. (heraldsun.com)
- Battle brewing to become South Carolina Gov. Henry McMaster’s lead challenger (postandcourier.com)
- Crenco sells five North Carolina stores (pehub.com)
- SC kicks in another $2.5M to train Charleston region automotive workers, ending financial stalemate (postandcourier.com)
Carolina Financial (NASDAQ:CARO) opened at $40.96 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $869.27, a P/E ratio of 23.41 and a beta of 0.61. Carolina Financial has a 52-week low of $22.91 and a 52-week high of $42.42.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Tuesday, March 6th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. Carolina Financial’s dividend payout ratio is presently 11.43%.
CARO has been the subject of several recent research reports. Zacks Investment Research lowered Carolina Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. BidaskClub upgraded Carolina Financial from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine downgraded Carolina Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Stephens reiterated a “hold” rating and set a $43.00 price objective on shares of Carolina Financial in a research report on Friday, January 26th. Finally, Brean Capital reiterated a “buy” rating on shares of Carolina Financial in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.67.
In other Carolina Financial news, Director Robert M. Moise sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $38.84, for a total value of $194,200.00. Following the completion of the sale, the director now directly owns 111,614 shares in the company, valued at $4,335,087.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.23% of the company’s stock.
Carolina Financial Company Profile
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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