Chicago Equity Partners LLC decreased its position in shares of Carolina Financial Corp (NASDAQ:CARO) by 50.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,710 shares of the financial services provider’s stock after selling 12,140 shares during the quarter. Chicago Equity Partners LLC owned about 0.06% of Carolina Financial worth $435,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in CARO. Advisor Group Inc. increased its stake in Carolina Financial by 826.4% during the 2nd quarter. Advisor Group Inc. now owns 3,159 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 2,818 shares in the last quarter. Legal & General Group Plc boosted its holdings in Carolina Financial by 19.1% during the 2nd quarter. Legal & General Group Plc now owns 3,786 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 607 shares during the last quarter. SG Americas Securities LLC purchased a new position in Carolina Financial during the 3rd quarter worth $143,000. Capital Investment Advisory Services LLC purchased a new position in Carolina Financial during the 3rd quarter worth $212,000. Finally, Nationwide Fund Advisors boosted its holdings in Carolina Financial by 16.4% during the 2nd quarter. Nationwide Fund Advisors now owns 7,827 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors own 40.40% of the company’s stock.
Carolina Financial Corp (NASDAQ:CARO) traded up $0.50 during trading hours on Monday, hitting $40.59. The stock had a trading volume of 55,300 shares, compared to its average volume of 100,670. The stock has a market capitalization of $853.29, a price-to-earnings ratio of 23.19 and a beta of 0.52. Carolina Financial Corp has a 52-week low of $22.62 and a 52-week 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.
Carolina Financial (NASDAQ:CARO) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Carolina Financial had a return on equity of 12.15% and a net margin of 22.22%. The firm had revenue of $37.50 million during the quarter, compared to analyst estimates of $34.33 million. equities research analysts forecast that Carolina Financial Corp will post 2.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Tuesday, March 6th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, March 5th. Carolina Financial’s payout ratio is 11.43%.
Several equities research analysts have commented on the stock. BidaskClub downgraded shares of Carolina Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Brean Capital reaffirmed a “buy” rating on shares of Carolina Financial in a report on Monday, October 30th. Zacks Investment Research cut Carolina Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Stephens reiterated a “hold” rating and set a $43.00 price target on shares of Carolina Financial in a research report on Friday, January 26th. Finally, Raymond James Financial restated 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. 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’s stock. The company presently has an average rating of “Buy” and a consensus price target of $41.67.
In related news, Director Robert M. Moise sold 5,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $38.84, for a total value of $194,200.00. Following the completion of the sale, the director now owns 111,614 shares of the company’s stock, valued at $4,335,087.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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