Carolina Financial Corp (NASDAQ:CARO) has been upgraded to Buy in a statement by TheStreet earlier today.
- Updated: October 15, 2016
Having a price of $22.20, Carolina Financial Corp (NASDAQ:CARO) traded -0.88% lower on the day. With the last stock price up 14.54% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CARO has recorded a 50-day average of $22.15 and a two hundred day average of $19.62. Trade Volume was down over the average, with 5,058 shares of CARO changing hands under the typical 25,554
TheStreet has upgraded Carolina Financial Corp (NASDAQ:CARO) to Buy in a statement released on Monday October 10, 2016.
Recent Performance Chart
Carolina Financial Corp has price-earnings ratio of 17.71 with a one year low of $14.49 and a one year high of $23.10 and has a total market value of $0.
A total of 2 equity analysts have released a ratings update on CARO. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $19.50.
Brief Synopsis 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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