Carolina Financial (CARO) Stock Price, News & Analysis

Company Overview

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 noninterest-bearing demand accounts, interest-bearing demand and savings accounts, money market accounts, time deposits, and certificates of deposit. The company also provides commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans, commercial leases, and consumer loans to individuals, small to medium-sized businesses, and professional firms. In addition, it offers mortgage banking services comprising orrespondent/wholesale mortgage and loan servicing. The company operates through a network of 61 full service branches and 2 loan production offices located in South and North Carolina. Carolina Financial Corporation was incorporated in 1996 and is based in Charleston, South Carolina.

Key Stats

• Today's Range: $32.50 to $33.79
• 50-Day Range: $29.36 to $35.09
• 52-Week Range: $20.72 to $43.85
• Volume: 691,192 shs
• Average Volume: 178,226 shs
• Market Capitalization: $816.28 million
• P/E Ratio: 11.74
• Dividend Yield: 1.22%
• Price Target: N/A
• Consensus Rating: N/A

CARO Stock Analysis - Frequently Asked Questions

How were Carolina Financial's earnings last quarter?

Carolina Financial Corp (NASDAQ:CARO) issued its quarterly earnings data on Friday, October, 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. The financial services provider had revenue of $48.90 million for the quarter, compared to the consensus estimate of $46.60 million. Carolina Financial had a trailing twelve-month return on equity of 10.49% and a net margin of 27.98%.

What other stocks do shareholders of Carolina Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Carolina Financial investors own include Bristol-Myers Squibb (BMY), M&T Bank (MTB), United Bankshares (UBSI), Exxon Mobil (XOM), Eastman Chemical (EMN), Huntington Bancshares (HBAN) and QUALCOMM (QCOM).

Company Calendar

• Last Earnings: 10/25/2019
• Today: 2/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State Commercial Banks
• Sub-Industry: N/A
• Current Symbol: NASDAQ:CARO
• CUSIP: N/A
• CIK: 870385
• Web: www.haveanicebank.com
• Phone: 843-723-7700
• Fax: N/A
• Employees: 735
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $2.94
• Trailing P/E Ratio: 11.74
• Forward P/E Ratio: 12.45
• P/E Growth: N/A
• Net Income: $62.74 million
• Net Margins: 27.98%
• Pretax Margin: N/A
• Return on Equity: 10.49%
• Return on Assets: 1.63%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 0.87
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $224.23 million
• Price / Sales: 3.64
• Cash Flow: $3.37 per share
• Price / Cash Flow: 9.76
• Book Value: $29.97 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 24,826,000
• Free Float: N/A
• Market Cap: $816.28 million
• Optionable: Not Optionable
• Beta: 1.40