Today, the EVP of Carolina Financial Corporation (CARO), David L. Morrow, sold shares of CARO for $148.3K.
See today’s analyst top recommended stocks >>
Based on Carolina Financial Corporation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $52.79 million and quarterly net profit of $14.55 million. In comparison, last year the company earned revenue of $45.94 million and had a net profit of $4.06 million. CARO’s market cap is $833.2M and the company has a P/E ratio of 13.87. Currently, Carolina Financial Corporation has an average volume of 27.38K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.00, reflecting a -0.1% downside.
The insider sentiment on Carolina Financial Corporation has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
David L. Morrow’s trades have generated a 30.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Carolina Financial Corp. is a holding company, which engages in the provision of commercial banking services to individuals and small to medium-sized businesses. It operates through the following segments: Community Banking, Wholesale Mortgage Banking, and Other. The Community Banking segment offers traditional banking services.
