Carolina Financial Corp (NASDAQ:CARO) President M. J. Huggins III sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $35.87, for a total transaction of $179,350.00. Following the sale, the president now directly owns 61,711 shares of the company’s stock, valued at approximately $2,213,573.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:CARO opened at $36.18 on Friday. The company has a market capitalization of $804.52 million, a P/E ratio of 12.65 and a beta of 1.01. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. Carolina Financial Corp has a one year low of $27.62 and a one year high of $45.58.

Carolina Financial (NASDAQ:CARO) last issued its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.07. The business had revenue of $43.41 million during the quarter, compared to the consensus estimate of $45.07 million. Carolina Financial had a net margin of 24.72% and a return on equity of 11.60%. On average, research analysts forecast that Carolina Financial Corp will post 2.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.88%. This is an increase from Carolina Financial’s previous quarterly dividend of $0.07. Carolina Financial’s dividend payout ratio (DPR) is presently 9.79%.

CARO has been the subject of several research reports. Brean Capital reissued a “buy” rating and issued a $41.00 price objective on shares of Carolina Financial in a research note on Friday, January 25th. BidaskClub raised shares of Carolina Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Stephens reissued a “hold” rating and issued a $32.00 price objective on shares of Carolina Financial in a research note on Wednesday, December 19th. ValuEngine raised shares of Carolina Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research downgraded shares of Carolina Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.60.

Several hedge funds have recently added to or reduced their stakes in CARO. Quantamental Technologies LLC bought a new position in shares of Carolina Financial during the fourth quarter valued at $47,000. PNC Financial Services Group Inc. raised its stake in shares of Carolina Financial by 37.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 819 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Carolina Financial by 34.3% during the fourth quarter. Advisor Group Inc. now owns 3,765 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 961 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Carolina Financial during the fourth quarter valued at $126,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Carolina Financial by 390.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,753 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 5,375 shares during the last quarter. 54.63% of the stock is owned by hedge funds and other institutional investors.

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About Carolina Financial

Carolina Financial Corporation operates as a holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. The company operates through three segments: Community Banking, Wholesale Mortgage Banking, and Other. It offers checking accounts, commercial accounts, savings accounts, money market accounts, retirement accounts, longer-term certificates of deposit, noninterest-bearing demand accounts, and interest-bearing demand accounts to individuals, businesses, associations, organizations, and governmental authorities.

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

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