Carolina Financial (CARO) Stock Rating Upgraded by ValuEngine

Carolina Financial (NASDAQ:CARO) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other analysts also recently commented on the company. Brean Capital restated a “buy” rating on shares of Carolina Financial in a research note on Thursday, April 5th. Zacks Investment Research upgraded Carolina Financial from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, March 27th. BidaskClub upgraded Carolina Financial from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Stephens restated a “hold” rating and issued a $43.00 target price on shares of Carolina Financial in a research note on Friday, January 26th. Finally, Sandler O’Neill set a $44.00 target price on Carolina Financial and gave the stock a “buy” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Carolina Financial currently has an average rating of “Buy” and a consensus target price of $41.83.

Shares of CARO opened at $39.70 on Wednesday. Carolina Financial has a 52 week low of $23.09 and a 52 week high of $42.42. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $835.77, a PE ratio of 19.56 and a beta of 0.61.



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

In related news, Director Robert M. Moise sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 111,614 shares of the company’s stock, valued at approximately $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 7.76% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CARO. SG Americas Securities LLC acquired a new position in Carolina Financial in the 3rd quarter worth about $143,000. Citadel Advisors LLC acquired a new position in Carolina Financial in the 3rd quarter worth about $296,000. Schwab Charles Investment Management Inc. raised its holdings in Carolina Financial by 123.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 47,466 shares of the financial services provider’s stock worth $1,704,000 after purchasing an additional 26,266 shares during the period. Dimensional Fund Advisors LP raised its holdings in Carolina Financial by 46.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 212,321 shares of the financial services provider’s stock worth $7,617,000 after purchasing an additional 66,955 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Carolina Financial by 122.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 65,744 shares of the financial services provider’s stock worth $2,359,000 after purchasing an additional 36,228 shares during the period. 44.78% of the stock is owned by institutional investors.

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Carolina Financial Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Carolina Financial (NASDAQ:CARO)

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