Carolina Financial (NASDAQ:CARO) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

CARO has been the subject of a number of other reports. Stephens restated a “hold” rating and issued a $32.00 target price on shares of Carolina Financial in a research report on Wednesday, December 19th. BidaskClub upgraded Carolina Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Zacks Investment Research downgraded Carolina Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Brean Capital restated a “buy” rating and issued a $46.00 target price on shares of Carolina Financial in a research report on Monday, October 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $33.60.

Shares of NASDAQ CARO opened at $33.87 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $760.16 million, a PE ratio of 16.60 and a beta of 0.92. Carolina Financial has a 12-month low of $27.62 and a 12-month high of $45.58.

Carolina Financial (NASDAQ:CARO) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $44.18 million during the quarter, compared to the consensus estimate of $44.62 million. Carolina Financial had a return on equity of 11.03% and a net margin of 21.18%. On average, analysts predict that Carolina Financial will post 2.78 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARO. Russell Investments Group Ltd. lifted its position in shares of Carolina Financial by 34.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,251 shares of the financial services provider’s stock valued at $1,041,000 after acquiring an additional 6,246 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Carolina Financial by 10.7% during the 3rd quarter. Systematic Financial Management LP now owns 33,230 shares of the financial services provider’s stock valued at $1,253,000 after acquiring an additional 3,200 shares during the last quarter. BlackRock Inc. lifted its position in shares of Carolina Financial by 19.8% during the 2nd quarter. BlackRock Inc. now owns 1,528,536 shares of the financial services provider’s stock valued at $65,603,000 after acquiring an additional 253,074 shares during the last quarter. Northern Trust Corp lifted its position in shares of Carolina Financial by 12.0% during the 2nd quarter. Northern Trust Corp now owns 231,071 shares of the financial services provider’s stock valued at $9,917,000 after acquiring an additional 24,749 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Carolina Financial by 6.8% during the 3rd quarter. Renaissance Technologies LLC now owns 519,716 shares of the financial services provider’s stock valued at $19,604,000 after acquiring an additional 33,229 shares during the last quarter. Hedge funds and other institutional investors own 54.52% of the company’s stock.

Carolina Financial Company Profile

Carolina Financial Corp. is a holding company, which engages in the provision of commercial banking services to individuals and small to medium-sized businesses. It operates through the following segments: Community Banking, Wholesale Mortgage Banking, and Other. The Community Banking segment offers traditional banking services.

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