Carolina Financial Corp (NASDAQ:CARO) Director Robert M. Moise sold 5,500 shares of the stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $32.92, for a total value of $181,060.00. Following the completion of the transaction, the director now owns 98,743 shares in the company, valued at $3,250,619.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of CARO opened at $34.67 on Friday. The firm has a market capitalization of $782.50 million, a price-to-earnings ratio of 12.12 and a beta of 1.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. Carolina Financial Corp has a 52 week low of $27.62 and a 52 week high of $45.58.

Carolina Financial (NASDAQ:CARO) last posted its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.07. The company had revenue of $43.41 million for the quarter, compared to the consensus estimate of $45.07 million. Carolina Financial had a return on equity of 11.84% and a net margin of 24.72%. Analysts forecast that Carolina Financial Corp will post 2.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Carolina Financial’s previous quarterly dividend of $0.07. Carolina Financial’s dividend payout ratio is 9.79%.

A number of brokerages have commented on CARO. Zacks Investment Research lowered Carolina Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. ValuEngine upgraded Carolina Financial from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, BidaskClub upgraded Carolina Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.60.

Several hedge funds have recently bought and sold shares of CARO. BlackRock Inc. lifted its stake in shares of Carolina Financial by 19.8% in the 2nd quarter. BlackRock Inc. now owns 1,528,536 shares of the financial services provider’s stock valued at $65,603,000 after purchasing an additional 253,074 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Carolina Financial by 199.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 239,167 shares of the financial services provider’s stock valued at $10,265,000 after purchasing an additional 159,279 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Carolina Financial by 42.5% in the 3rd quarter. Tributary Capital Management LLC now owns 365,570 shares of the financial services provider’s stock valued at $13,789,000 after purchasing an additional 109,034 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Carolina Financial by 20.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 619,509 shares of the financial services provider’s stock valued at $26,590,000 after purchasing an additional 106,927 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Carolina Financial by 7.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,111,232 shares of the financial services provider’s stock valued at $41,916,000 after purchasing an additional 78,219 shares during the period. 54.44% of the stock is currently owned by institutional investors.

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About Carolina Financial

Carolina Financial Corp. is a holding company, which engages in the provision of commercial banking services to individuals and small to medium-sized businesses. It operates through the following segments: Community Banking, Wholesale Mortgage Banking, and Other. The Community Banking segment offers traditional banking services.

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