Carolina Financial Corp. (NASDAQ:CARO) is set to post its Q316 quarterly earnings results on Wednesday, October 19th.

Carolina Financial Corp. (NASDAQ:CARO) last issued its quarterly earnings results on Friday, July 29th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.12. Carolina Financial Corp. had a return on equity of 12.02% and a net margin of 17.32%. On average, analysts expect Carolina Financial Corp. to post $1.4 EPS for the current fiscal year and $1.5 EPS for the next fiscal year.

Shares of Carolina Financial Corp. (NASDAQ:CARO) opened at 22.47 on Monday. The firm’s 50-day moving average price is $22.15 and its 200 day moving average price is $19.62. Carolina Financial Corp. has a one year low of $14.49 and a one year high of $23.10. The stock has a market cap of $276.97 million, a P/E ratio of 17.71 and a beta of 0.37.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Thursday, September 29th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, September 27th. Carolina Financial Corp.’s dividend payout ratio is currently 9.30%.

In related news, Director Michael P. Leddy sold 10,000 shares of Carolina Financial Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $20.19, for a total value of $201,900.00. Following the transaction, the director now owns 92,607 shares in the company, valued at $1,869,735.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System purchased a new position in shares of Carolina Financial Corp. during the second quarter worth $301,000. Nationwide Fund Advisors boosted its position in shares of 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 worth $172,000 after buying an additional 6,437 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Carolina Financial Corp. by 14.1% in the second quarter. Vanguard Group Inc. now owns 360,115 shares of the financial services provider’s stock worth $6,727,000 after buying an additional 44,553 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of Carolina Financial Corp. by 2,606.7% in the second quarter. BlackRock Investment Management LLC now owns 41,683 shares of the financial services provider’s stock worth $779,000 after buying an additional 40,143 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Carolina Financial Corp. by 1,189.0% in the second quarter. BlackRock Fund Advisors now owns 274,166 shares of the financial services provider’s stock worth $5,121,000 after buying an additional 252,896 shares during the last quarter. Hedge funds and other institutional investors own 25.74% of the company’s stock.

A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Carolina Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Sandler O’Neill assumed coverage on Carolina Financial Corp. in a research report on Wednesday, September 14th. They issued a “hold” rating for the company. Stephens assumed coverage on Carolina Financial Corp. in a research report on Friday, September 9th. They issued an “equal weight” rating and a $22.50 price objective for the company. Finally, TheStreet raised Carolina Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Carolina Financial Corp. currently has a consensus rating of “Hold” and a consensus price target of $21.83.

About Carolina Financial Corp.

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.

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