Stieven Capital Advisors L.P. boosted its position in shares of Carolina Financial Corp (NASDAQ:CARO) by 30.7% during the first quarter, Holdings Channel reports. The institutional investor owned 204,000 shares of the financial services provider’s stock after buying an additional 47,900 shares during the period. Stieven Capital Advisors L.P. owned about 1.26% of Carolina Financial Corp worth $6,120,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Analytic Investors LLC purchased a new stake in shares of Carolina Financial Corp during the third quarter worth approximately $555,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of Carolina Financial Corp during the fourth quarter worth approximately $738,000. Russell Investments Group Ltd. purchased a new stake in shares of Carolina Financial Corp during the fourth quarter worth approximately $197,000. Bessemer Group Inc. increased its stake in shares of Carolina Financial Corp by 31.8% in the fourth quarter. Bessemer Group Inc. now owns 14,100 shares of the financial services provider’s stock worth $434,000 after buying an additional 3,400 shares in the last quarter. Finally, Siena Capital Management LLC purchased a new stake in shares of Carolina Financial Corp during the fourth quarter worth approximately $4,218,000. 23.23% of the stock is currently owned by institutional investors.
Carolina Financial Corp (NASDAQ:CARO) traded up 0.10% on Friday, hitting $30.41. 38,500 shares of the company were exchanged. The stock has a market cap of $485.25 million, a PE ratio of 20.74 and a beta of 0.52. Carolina Financial Corp has a 52-week low of $16.50 and a 52-week high of $31.50. The firm has a 50 day moving average of $30.07 and a 200-day moving average of $29.16.
Carolina Financial Corp (NASDAQ:CARO) last issued its quarterly earnings results on Monday, April 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $22.50 million during the quarter, compared to analyst estimates of $21.74 million. Carolina Financial Corp had a net margin of 19.48% and a return on equity of 13.43%. On average, equities analysts expect that Carolina Financial Corp will post $1.84 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.53%. Carolina Financial Corp’s dividend payout ratio (DPR) is presently 11.35%.
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A number of equities research analysts have commented on CARO shares. Brean Capital reissued a “hold” rating on shares of Carolina Financial Corp in a research report on Thursday, January 19th. Zacks Investment Research downgraded shares of Carolina Financial Corp from a “buy” rating to a “sell” rating in a research report on Wednesday, January 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 target price on shares of Carolina Financial Corp in a research report on Wednesday, April 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Carolina Financial Corp presently has a consensus rating of “Buy” and an average target price of $29.83.
About Carolina Financial Corp
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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