Carolina Financial (CARO) Getting Favorable News Coverage, Analysis Shows

News headlines about Carolina Financial (NASDAQ:CARO) have trended positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Carolina Financial earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.332630949417 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s analysis:

A number of equities research analysts recently issued reports on CARO shares. Zacks Investment Research raised shares of Carolina Financial from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday. Sandler O’Neill set a $44.00 price target on shares of Carolina Financial and gave the company a “buy” rating in a research note on Thursday, January 4th. Brean Capital reaffirmed a “buy” rating on shares of Carolina Financial in a research note on Tuesday, January 2nd. ValuEngine downgraded shares of Carolina Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, BidaskClub downgraded shares of Carolina Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Three equities research 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. The company has a consensus rating of “Buy” and a consensus price target of $40.17.

Shares of Carolina Financial (CARO) opened at $38.76 on Friday. The stock has a market cap of $815.88, a price-to-earnings ratio of 21.30 and a beta of 0.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.80 and a current ratio of 0.81. Carolina Financial has a 12 month low of $22.34 and a 12 month high of $40.20.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 14th were paid a dividend of $0.05 per share. This is an increase from Carolina Financial’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, December 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. Carolina Financial’s dividend payout ratio is presently 10.99%.

In related news, Director Robert M. Moise sold 3,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $36.76, for a total transaction of $110,280.00. Following the sale, the director now owns 119,086 shares of the company’s stock, valued at $4,377,601.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.23% of the stock is owned by corporate insiders.

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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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