Carolina Financial Corp (NASDAQ:CARO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Carolina Financial Corp (NASDAQ:CARO) to Hold in a report released on 10/3/2016.
Yesterday Carolina Financial Corp (NASDAQ:CARO) traded 0.09% higher at $22.36. The company’s 50-day moving average is $21.67 and its 200-day moving average is $19.27. The last closing price is up 16.05% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 15,294 shares of CARO traded hands, down from an average trading volume of 28,583
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Carolina Financial Corp has a 52 week low of $14.49 and a 52 week high of $22.59 with a P/E ratio of 17.62 The company’s market cap is currently $0.
Also covering Carolina Financial Corp's target price, a total of 2 firms have issued a research note on the company. The average stock price target is $19.50 with one equity analyst rating the company a strong buy, 1 firm rating the company a buy, zero analysts rating the stock a hold, 0 analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Information About Carolina Financial Corp (NASDAQ:CARO)
Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank, a South Carolina state-chartered bank (the 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. The mortgage banking segment provides wholesale mortgage loan origination and servicing offered through Crescent Mortgage Company. The other segment provides managerial and operational support to the other business segments 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 customers through its branch network in South Carolina and North Carolina. It provides commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans, and consumer loans.
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