How Analysts Feel About Carolina Financial Corporation (NASDAQ:CARO) After Increase in Sellers?

September 17, 2017 - By Darrin Black

 How Analysts Feel About Carolina Financial Corporation (NASDAQ:CARO) After Increase in Sellers?

The stock of Carolina Financial Corporation (NASDAQ:CARO) registered an increase of 25.59% in short interest. CARO’s total short interest was 811,800 shares in September as published by FINRA. Its up 25.59% from 646,400 shares, reported previously. With 70,500 shares average volume, it will take short sellers 12 days to cover their CARO’s short positions. The short interest to Carolina Financial Corporation’s float is 7.41%.

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 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.

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. The firm earned “Hold” rating on Thursday, July 20 by Stephens. The firm has “Equal-Weight” rating by Stephens given on Friday, September 9. The firm has “Hold” rating given on Monday, June 12 by Stephens. The firm has “Buy” rating given on Wednesday, August 2 by Brean Capital. The firm has “Outperform” rating given on Thursday, April 7 by Raymond James. Brean Capital upgraded the stock to “Buy” rating in Tuesday, June 13 report. The stock of Carolina Financial Corp (NASDAQ:CARO) earned “Buy” rating by Keefe Bruyette & Woods on Friday, July 7. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, June 13 report. The stock has “Strong Buy” rating by Raymond James on Friday, December 18. The firm has “Buy” rating given on Wednesday, November 9 by Sandler O’Neill.

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: “CEOs of Carolina Financial Corporation, First South tout acquisition deal” published on July 25, 2017, Bizjournals.com published: “Filing: First South had four suitors other than Carolina Financial Corporation” on September 11, 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: “CEO: Carolina Financial Corporation buyout of First South driven by Triangle …” with publication date: June 14, 2017.

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