November 28, 2016 - By Hazel Jackson · 0 Comments
The stock of Carolina Financial Corporation (NASDAQ:CARO) registered a decrease of 2.95% in short interest. CARO’s total short interest was 296,200 shares in November as published by FINRA. Its down 2.95% from 305,200 shares, reported previously. With 33,600 shares average volume, it will take short sellers 9 days to cover their CARO’s short positions. The short interest to Carolina Financial Corporation’s float is 2.83%. About 24,625 shares traded hands. Carolina Financial Corp (NASDAQ:CARO) has risen 47.57% since April 25, 2016 and is uptrending. It has outperformed by 41.56% the S&P500.
Carolina Financial Corporation is a bank holding company. The company has a market cap of $331.93 million. The Firm operates through CresCom Bank, a South Carolina state-chartered bank . It has a 19.42 P/E ratio. The Firm operates through three divisions: community banking, wholesale mortgage banking (mortgage banking) and other.
Out of 5 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Carolina Financial Corporation has been the topic of 7 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, November 9 by Sandler O’Neill. The firm has “Equal-Weight” rating by Stephens given on Friday, September 9. Raymond James initiated the shares of CARO in a report on Friday, December 18 with “Strong Buy” rating. The firm has “Outperform” rating by Raymond James given on Thursday, April 7.
Carolina Financial Corporation, incorporated on February 14, 1996, is a bank holding company. The Firm operates through CresCom Bank, a South Carolina state-chartered bank (the Bank). The Firm operates through three divisions: community banking, wholesale mortgage banking (mortgage banking) and other. The Company’s community banking segment provides traditional banking services offered through CresCom Bank. The Company’s mortgage banking segment provides wholesale mortgage loan origination and servicing offered through Crescent Mortgage Company. The Company’s other segment provides managerial and operational support to the other business divisions through Carolina Services and Carolina Financial. CresCom Bank provides a range of commercial and retail banking financial services to meet the financial needs of its clients through its branch network in South Carolina and North Carolina.
More recent Carolina Financial Corp (NASDAQ:CARO) news were published by: Prnewswire.com which released: “Carolina Financial Corporation Announces Agreement to Acquire Greer Bancshares …” on November 08, 2016. Also Prnewswire.com published the news titled: “Carolina Financial Corporation Completes Merger with Congaree Bancshares, Inc.” on June 13, 2016. Prnewswire.com‘s news article titled: “Carolina Financial Corporation Reports Results for Third Quarter of 2016” with publication date: October 19, 2016 was also an interesting one.
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By Hazel Jackson