Carolina Financial Corp. (NASDAQ:CARO) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Carolina Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Sandler O’Neill began coverage on shares of Carolina Financial Corp. in a research report on Wednesday, September 14th. They set a “hold” rating on the stock. Finally, Stephens began coverage on shares of Carolina Financial Corp. in a research report on Friday, September 9th. They set an “equal weight” rating and a $22.50 target price on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Carolina Financial Corp. currently has an average rating of “Hold” and an average target price of $21.83.

Shares of Carolina Financial Corp. (NASDAQ:CARO) traded down 0.36% on Monday, hitting $22.20. 20,120 shares of the stock were exchanged. Carolina Financial Corp. has a 1-year low of $14.49 and a 1-year high of $22.89. The stock has a market cap of $273.64 million, a price-to-earnings ratio of 17.49 and a beta of 0.37. The stock’s 50-day moving average is $22.03 and its 200-day moving average is $19.54.

Carolina Financial Corp. (NASDAQ:CARO) last posted its quarterly earnings data on Friday, July 29th. The financial services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.12. Carolina Financial Corp. had a net margin of 17.32% and a return on equity of 12.02%. Analysts forecast that Carolina Financial Corp. will post $1.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $0.12 annualized dividend and a yield of 0.54%. Carolina Financial Corp.’s payout ratio is 9.30%.

In other Carolina Financial Corp. news, Director Michael P. Leddy sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $20.19, for a total transaction of $201,900.00. Following the transaction, the director now owns 92,607 shares in the company, valued at $1,869,735.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 15.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. acquired a new position in Carolina Financial Corp. during the second quarter valued at $110,000. Nationwide Fund Advisors increased its position in Carolina Financial Corp. by 233.4% in the second quarter. Nationwide Fund Advisors now owns 9,195 shares of the financial services provider’s stock valued at $172,000 after buying an additional 6,437 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Carolina Financial Corp. during the second quarter valued at $181,000. First Trust Advisors LP acquired a new position in Carolina Financial Corp. during the second quarter valued at $222,000. Finally, Martingale Asset Management L P acquired a new position in Carolina Financial Corp. during the second quarter valued at $229,000. Hedge funds and other institutional investors own 25.74% of the company’s stock.

Carolina Financial Corp. Company Profile

Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank, a South Carolina state-chartered bank (the 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.

5 Day Chart for NASDAQ:CARO

Receive News & Stock Ratings for Carolina Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carolina Financial Corp. and related stocks with our FREE daily email newsletter.