News stories about Carolina Financial (NASDAQ:CARO) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carolina Financial earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.6881754618256 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Critics say McHenry bill would revive payday lending in North Carolina; he disagrees (citizen-times.com)
- 5 Financial Do’s and Don’ts When Moving In Together (money.usnews.com)
- Auditor gives North an ‘A’ on financial health (thetandd.com)
- BackTrack acquired by South Carolina company (news-herald.com)
- Iwaspoisoned tests limits of people’s power (afr.com)
Several brokerages recently commented on CARO. Brean Capital reaffirmed a “buy” rating on shares of Carolina Financial in a research report on Monday, January 29th. BidaskClub raised shares of Carolina Financial from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research lowered shares of Carolina Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 price objective (up from $40.00) on shares of Carolina Financial in a research report on Tuesday, October 31st. Finally, Stephens reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Carolina Financial in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.67.
Carolina Financial (CARO) opened at $39.79 on Wednesday. Carolina Financial has a 1 year low of $28.14 and a 1 year high of $42.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market cap of $853.29, a P/E ratio of 22.74 and a beta of 0.52.
Carolina Financial (NASDAQ:CARO) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Carolina Financial had a net margin of 22.22% and a return on equity of 12.15%. The company had revenue of $37.50 million during the quarter, compared to analyst estimates of $34.33 million. equities analysts predict that Carolina Financial will post 2.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, March 5th. Carolina Financial’s dividend payout ratio is presently 11.43%.
In other Carolina Financial news, Director Robert M. Moise sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $38.84, for a total transaction of $194,200.00. Following the completion of the transaction, the director now directly 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 this link. Company insiders own 12.23% of the company’s stock.
Carolina Financial Company Profile
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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