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 EPS, 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 EPS 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. On Wednesday, November 30 the stock rating was initiated by Brean Capital with “Hold”. The stock has “Buy” rating by Brean Capital on Wednesday, August 2. Sandler O’Neill upgraded Carolina Financial Corp (NASDAQ:CARO) on Wednesday, November 9 to “Buy” rating. The rating was downgraded by Raymond James on Thursday, April 7 to “Outperform”. The rating was initiated by Raymond James with “Strong Buy” on Friday, December 18. The rating was upgraded by Raymond James to “Strong Buy” on Tuesday, June 13. The stock has “Equal-Weight” rating by Stephens on Friday, September 9. Stephens maintained Carolina Financial Corp (NASDAQ:CARO) on Monday, June 12 with “Hold” rating. Keefe Bruyette & Woods maintained Carolina Financial Corp (NASDAQ:CARO) on Friday, July 7 with “Buy” rating. As per Tuesday, June 13, the company rating was upgraded by Brean Capital.

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

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