Press coverage about Carolina Financial (NASDAQ:CARO) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carolina Financial earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.0548486251191 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
CARO has been the subject of several analyst reports. Brean Capital reissued a “buy” rating and issued a $40.00 price target on shares of Carolina Financial in a research note on Friday, November 10th. Zacks Investment Research cut shares of Carolina Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. 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 report on Tuesday, October 31st. Finally, BidaskClub lowered shares of Carolina Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $39.00.
Shares of Carolina Financial (CARO) opened at $38.35 on Monday. Carolina Financial has a fifty-two week low of $21.55 and a fifty-two week high of $40.20. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.19. The stock has a market cap of $807.65, a P/E ratio of 19.87 and a beta of 0.45.
In other Carolina Financial news, Director Robert M. Moise sold 3,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.76, for a total value of $110,280.00. Following the sale, the director now directly owns 119,086 shares of the company’s stock, valued at approximately $4,377,601.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 12.23% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Carolina Financial (NASDAQ:CARO) Given News Sentiment Rating of 0.18” was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://weekherald.com/2017/12/04/carolina-financial-corporation-caro-receiving-somewhat-favorable-press-coverage-report-shows.html.
Carolina Financial Company Profile
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.
Receive News & Ratings for Carolina Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carolina Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.