Carolina Financial Corp. (NASDAQ:CARO) Director Daniel H. Isaac, Jr. purchased 9,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were purchased at an average price of $25.00 per share, with a total value of $225,000.00. Following the completion of the acquisition, the director now directly owns 63,551 shares in the company, valued at $1,588,775. The purchase was disclosed in a filing with the SEC, which is available through this link.

Carolina Financial Corp. (NASDAQ:CARO) opened at 25.54 on Thursday. Carolina Financial Corp. has a one year low of $14.58 and a one year high of $25.82. The company has a market capitalization of $314.88 million, a price-to-earnings ratio of 18.66 and a beta of 0.38. The firm has a 50-day moving average of $23.15 and a 200 day moving average of $20.49.

Carolina Financial Corp. (NASDAQ:CARO) last posted its earnings results on Wednesday, October 19th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. Carolina Financial Corp. had a net margin of 18.66% and a return on equity of 12.27%. Equities research analysts predict that Carolina Financial Corp. will post $1.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Wednesday, December 28th will be issued a $0.04 dividend. The ex-dividend date is Friday, December 23rd. This is a positive change from Carolina Financial Corp.’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. Carolina Financial Corp.’s dividend payout ratio (DPR) is 8.82%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. acquired a new position in Carolina Financial Corp. during the second quarter worth $110,000. Nationwide Fund Advisors raised 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 worth $172,000 after buying an additional 6,437 shares during the period. Emerald Acquisition Ltd. acquired a new position in Carolina Financial Corp. during the second quarter worth $181,000. First Trust Advisors LP acquired a new position in Carolina Financial Corp. during the second quarter worth $222,000. Finally, Martingale Asset Management L P acquired a new position in Carolina Financial Corp. during the second quarter worth $229,000. 25.63% of the stock is owned by hedge funds and other institutional investors.

CARO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Carolina Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Monday, October 24th. Sandler O’Neill upgraded shares of Carolina Financial Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. Stephens began coverage on shares of Carolina Financial Corp. in a report on Friday, September 9th. They issued an “equal weight” rating and a $22.50 price objective for the company. Finally, TheStreet upgraded shares of Carolina Financial Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 10th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $23.50.

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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