Media stories about Carolina Financial Corporation (NASDAQ:CARO) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carolina Financial Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.0768139837113 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Financial Review of General Motors Company (NYSE:GM) (currenthollywood.com)
- Irma kills 2 in Georgia and 2 in South Carolina (whio.com)
- Carolina Financial Corp. :CARO-US: Earnings Analysis: Q2, 2017 By the Numbers : September 12, 2017 (finance.yahoo.com)
Carolina Financial Corporation (CARO) traded up 0.06% during trading on Wednesday, reaching $33.94. The company’s stock had a trading volume of 24,642 shares. Carolina Financial Corporation has a 52 week low of $21.57 and a 52 week high of $34.84. The firm has a 50-day moving average price of $33.39 and a 200-day moving average price of $31.50. The firm has a market capitalization of $544.91 million, a P/E ratio of 18.68 and a beta of 0.45.
Carolina Financial Corporation (NASDAQ:CARO) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.09. Carolina Financial Corporation had a net margin of 24.19% and a return on equity of 12.13%. The company had revenue of $27.90 million for the quarter, compared to analyst estimates of $27.97 million. On average, equities analysts anticipate that Carolina Financial Corporation will post $2.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 14th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. Carolina Financial Corporation’s dividend payout ratio (DPR) is currently 8.84%.
Several brokerages recently issued reports on CARO. Zacks Investment Research raised Carolina Financial Corporation from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, May 16th. BidaskClub raised Carolina Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Brean Capital raised Carolina Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 price objective on shares of Carolina Financial Corporation in a report on Friday, July 7th. Finally, Stephens reaffirmed a “hold” rating and set a $34.00 price objective on shares of Carolina Financial Corporation in a report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $36.00.
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In related news, Director Michael P. Leddy sold 20,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $33.00, for a total value of $660,000.00. Following the transaction, the director now owns 79,465 shares in the company, valued at approximately $2,622,345. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W. Scott Brandon sold 6,557 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $33.98, for a total transaction of $222,806.86. Following the completion of the sale, the director now directly owns 91,352 shares of the company’s stock, valued at approximately $3,104,140.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,557 shares of company stock worth $1,218,107. 12.23% of the stock is owned by company insiders.
About Carolina Financial Corporation
Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank (the Bank), a state-chartered commercial 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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