Carolina Financial Corp (CARO) Analysts See $0.53 EPS

September 17, 2017 - By Henry Gaston

 Carolina Financial Corp (CARO) Analysts See $0.53 EPS

Analysts await Carolina Financial Corp (NASDAQ:CARO) to report earnings on October, 18. They expect $0.53 earnings per share, up 12.77 % or $0.06 from last year’s $0.47 per share. CARO’s profit will be $8.50M for 16.04 P/E if the $0.53 EPS becomes a reality. After $0.56 actual earnings per share reported by Carolina Financial Corp for the previous quarter, Wall Street now forecasts -5.36 % negative EPS growth. The stock increased 0.95% or $0.32 on September 15, reaching $34.01. About 160,183 shares traded or 155.26% up from the average. Carolina Financial Corp (NASDAQ:CARO) has risen 61.84% since September 17, 2016 and is uptrending. It has outperformed by 45.14% the S&P500.

Carolina Financial Corp (NASDAQ:CARO) Ratings Coverage

Among 7 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Carolina Financial Corporation had 14 analyst reports since July 21, 2015 according to SRatingsIntel. Sandler O’Neill upgraded the shares of CARO in report on Wednesday, November 9 to “Buy” rating. As per Tuesday, June 13, the company rating was upgraded by Raymond James. Raymond James initiated the stock with “Strong Buy” rating in Friday, December 18 report. The stock of Carolina Financial Corp (NASDAQ:CARO) earned “Buy” rating by Keefe Bruyette & Woods on Friday, July 7. Brean Capital maintained the shares of CARO in report on Wednesday, August 2 with “Buy” rating. The company was downgraded on Thursday, April 7 by Raymond James. Stephens maintained the shares of CARO in report on Monday, June 12 with “Hold” rating. Brean Capital initiated the stock with “Hold” rating in Wednesday, November 30 report. Stephens maintained it with “Hold” rating and $3400 target in Thursday, July 20 report. Brean Capital upgraded the shares of CARO in report on Tuesday, June 13 to “Buy” rating.

Carolina Financial Corporation is a bank holding company. The company has market cap of $545.68 million. The Firm operates through CresCom Bank , a state-chartered commercial bank. It has a 18.89 P/E ratio. The Firm operates through three divisions: community banking, wholesale mortgage banking (mortgage banking) and other.

More notable recent Carolina Financial Corp (NASDAQ:CARO) news were published by: Zacks.com which released: “4 Reasons Why Carolina Financial is a Solid Pick Right Now” on September 07, 2017, also Bizjournals.com with their article: “CEO: Carolina Financial Corporation buyout of First South driven by Triangle …” published on June 14, 2017, Bizjournals.com published: “CEOs of Carolina Financial Corporation, First South tout acquisition deal” on July 25, 2017. More interesting news about Carolina Financial Corp (NASDAQ:CARO) were released by: Nasdaq.com and their article: “Carolina Financial Corporation (CARO) Ex-Dividend Date Scheduled for September …” published on September 12, 2017 as well as Bizjournals.com‘s news article titled: “Filing: First South had four suitors other than Carolina Financial Corporation” with publication date: September 11, 2017.

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