Chicago Equity Partners LLC lowered its stake in shares of Carolina Financial Corp (NASDAQ:CARO) by 50.9% during the fourth quarter, HoldingsChannel reports. The firm owned 11,710 shares of the financial services provider’s stock after selling 12,140 shares during the period. Chicago Equity Partners LLC’s holdings in Carolina Financial were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rice Hall James & Associates LLC acquired a new stake in Carolina Financial during the fourth quarter worth approximately $1,853,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Carolina Financial by 59.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 75,588 shares of the financial services provider’s stock valued at $2,809,000 after acquiring an additional 28,122 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Carolina Financial in the 3rd quarter valued at $1,061,000. Sterling Capital Management LLC acquired a new position in shares of Carolina Financial in the 3rd quarter valued at $806,000. Finally, California Public Employees Retirement System increased its holdings in shares of Carolina Financial by 9.5% in the 3rd quarter. California Public Employees Retirement System now owns 31,635 shares of the financial services provider’s stock valued at $1,135,000 after acquiring an additional 2,735 shares during the period. 34.57% of the stock is currently owned by institutional investors.

Carolina Financial Corp (NASDAQ:CARO) opened at $38.80 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market cap of $815.66, a price-to-earnings ratio of 19.02 and a beta of 0.52. Carolina Financial Corp has a 12 month low of $22.62 and a 12 month high of $42.42.

Carolina Financial (NASDAQ:CARO) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $37.50 million for the quarter, compared to analysts’ expectations of $34.33 million. Carolina Financial had a net margin of 22.22% and a return on equity of 12.15%. equities research analysts anticipate that Carolina Financial Corp will post 2.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Tuesday, March 6th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 5th. This represents a $0.20 annualized dividend and a yield of 0.52%. Carolina Financial’s dividend payout ratio is currently 11.43%.

A number of equities analysts have recently commented on the stock. BidaskClub cut 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 shares of Carolina Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Stephens reaffirmed a “hold” rating and issued a $43.00 target price on shares of Carolina Financial in a report on Friday, January 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 target price (up from $40.00) on shares of Carolina Financial in a report on Tuesday, October 31st. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $41.67.

In other Carolina Financial news, Director Robert M. Moise sold 5,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $38.84, for a total value of $194,200.00. Following the transaction, the director now directly owns 111,614 shares of the company’s stock, valued at approximately $4,335,087.76. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.

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Institutional Ownership by Quarter for Carolina Financial (NASDAQ:CARO)

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