Brean Capital reaffirmed their buy rating on shares of Carolina Financial (NASDAQ:CARO) in a research report released on Monday.

CARO has been the subject of a number of other research reports. BidaskClub raised shares of Carolina Financial from a hold rating to a buy rating in a research report on Monday, February 5th. Sandler O’Neill set a $44.00 target price on shares of Carolina Financial and gave the company a buy rating in a research report on Thursday, January 4th. Zacks Investment Research downgraded shares of Carolina Financial from a buy rating to a hold rating in a research report on Tuesday, January 9th. ValuEngine raised shares of Carolina Financial from a hold rating to a buy rating in a research report on Wednesday, April 11th. Finally, Stephens reaffirmed a hold rating and issued a $43.00 target price on shares of Carolina Financial in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Carolina Financial currently has an average rating of Buy and a consensus target price of $41.83.

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Carolina Financial stock opened at $39.58 on Monday. The firm has a market capitalization of $820.83, a P/E ratio of 19.40 and a beta of 0.61. Carolina Financial has a 1-year low of $23.09 and a 1-year high of $42.42. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

Carolina Financial (NASDAQ:CARO) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $37.50 million during the quarter, compared to the consensus estimate of $34.33 million. Carolina Financial had a net margin of 22.22% and a return on equity of 10.36%. research analysts anticipate that Carolina Financial will post 2.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 6th. Shareholders of record on Tuesday, March 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, March 5th. Carolina Financial’s dividend payout ratio is currently 9.80%.

In other Carolina Financial news, Director Robert M. Moise sold 5,000 shares of the stock in a transaction on Monday, January 29th. The shares were 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 owns 111,614 shares in the company, valued at $4,335,087.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.76% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in Carolina Financial by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 258,677 shares of the financial services provider’s stock valued at $9,610,000 after acquiring an additional 2,539 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Carolina Financial by 25.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 13,684 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 2,734 shares during the last quarter. California Public Employees Retirement System lifted its stake in Carolina Financial by 9.5% in the third quarter. California Public Employees Retirement System now owns 31,635 shares of the financial services provider’s stock valued at $1,135,000 after acquiring an additional 2,735 shares during the last quarter. Bronfman E.L. Rothschild L.P. acquired a new stake in Carolina Financial in the fourth quarter valued at $106,000. Finally, American International Group Inc. lifted its stake in Carolina Financial by 32.1% in the fourth quarter. American International Group Inc. now owns 12,753 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 3,102 shares during the last quarter. Hedge funds and other institutional investors own 44.82% of the company’s stock.

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About Carolina Financial

Carolina Financial Corporation operates as a holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. The company operates through three segments: Community Banking, Wholesale Mortgage Banking, and Other. It offers checking accounts, commercial accounts, savings accounts, money market accounts, retirement accounts, longer-term certificates of deposit, noninterest-bearing demand accounts, and interest-bearing demand accounts to individuals, businesses, associations, organizations, and governmental authorities.

Analyst Recommendations for Carolina Financial (NASDAQ:CARO)

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