Favorable Media Coverage Somewhat Unlikely to Impact Carolina Financial (CARO) Stock Price

News articles about Carolina Financial (NASDAQ:CARO) have trended positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 0.26 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.0837078814631 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 news articles that may have impacted Accern Sentiment’s rankings:

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Shares of Carolina Financial (NASDAQ CARO) traded down $0.66 during trading hours on Tuesday, hitting $41.01. The company had a trading volume of 102,980 shares, compared to its average volume of 89,463. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.19. The firm has a market cap of $874.72, a P/E ratio of 23.43 and a beta of 0.61. Carolina Financial has a 1 year low of $22.91 and a 1 year high of $42.42.

Carolina Financial (NASDAQ:CARO) last issued its quarterly earnings data 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. The firm had revenue of $37.50 million during the quarter, compared to the consensus estimate of $34.33 million. Carolina Financial had a return on equity of 12.15% and a net margin of 22.22%. sell-side analysts expect that Carolina Financial will post 2.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Tuesday, March 6th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, March 5th. Carolina Financial’s dividend payout ratio is currently 11.43%.

Several brokerages recently commented on CARO. Brean Capital reaffirmed a “buy” rating on shares of Carolina Financial in a research report on Tuesday, December 5th. BidaskClub downgraded shares of Carolina Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Stephens reiterated a “hold” rating and issued a $43.00 price target on shares of Carolina Financial in a report on Friday, January 26th. ValuEngine downgraded shares of Carolina Financial from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Finally, Zacks Investment Research cut shares of Carolina Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $41.67.

In other news, Director Robert M. Moise sold 5,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was 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 $4,335,087.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.

Insider Buying and Selling by Quarter for Carolina Financial (NASDAQ:CARO)

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