News coverage about Carolina Financial (NASDAQ:CARO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carolina Financial earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.4489619980793 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Carolina Financial (CARO) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- PE-backed Dyehard Fan Supply acquires sports merchandising company All Pro Championships (pehub.com)
- Amid poor financial results, LG may overhaul LG G7 development (talkandroid.com)
- Paul McDowell named Chief Financial Officer for Mission Health (mountainx.com)
- Financial Services Holding Company BB&T Seeks to Invest Up to $50 Million in Fintech Startups (crowdfundinsider.com)
CARO has been the topic of several research reports. Brean Capital reaffirmed a “buy” rating on shares of Carolina Financial in a report on Tuesday, January 2nd. Sandler O’Neill set a $44.00 price objective on Carolina Financial and gave the stock a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research lowered Carolina Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine lowered Carolina Financial from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price objective (up previously from $40.00) on shares of Carolina Financial in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Carolina Financial currently has an average rating of “Buy” and an average target price of $40.17.
Carolina Financial (NASDAQ CARO) opened at $39.07 on Monday. The stock has a market capitalization of $822.83, a PE ratio of 21.35 and a beta of 0.45. Carolina Financial has a twelve month low of $22.62 and a twelve month high of $40.20. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.19.
Carolina Financial (NASDAQ:CARO) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Carolina Financial had a return on equity of 11.46% and a net margin of 24.80%. sell-side analysts forecast that Carolina Financial will post 1.87 EPS for the current year.
In related news, Director Robert M. Moise sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $36.76, for a total transaction of $110,280.00. Following the transaction, the director now owns 119,086 shares of the company’s stock, valued at $4,377,601.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.23% of the company’s stock.
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About Carolina Financial
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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