Carolina Financial Corp (CARO) Files Form 4 Insider Buying : Daniel H Jr Isaac Buys 11,400 Shares

Carolina Financial Corp (CARO): Daniel H Jr Isaac , director of Carolina Financial Corp purchased 11,400 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.65 per share for a total value of $200,514.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 29, 2016, David L. Morrow (EXECUTIVE VICE PRESIDENT) purchased 980 shares at $15.95 per share price.On Feb 12, 2016, Jeffery L. Deal (director) sold 500 shares at $15.83 per share price.Also, On Jan 22, 2016, M. J. Iii Huggins (EVP & Secretary) sold 305 shares at $16.56 per share price.On Jan 22, 2016, William A Iii Gehman (EVP & CFO) sold 285 shares at $16.31 per share price.

Carolina Financial Corp: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Carolina Financial Corp which led to swings in the share price. The shares opened for trading at $17.11 and hit $17.89 on the upside , eventually ending the session at $17.75, with a gain of 4.17% or 0.71 points. The heightened volatility saw the trading volume jump to 42,886 shares. The 52-week high of the share price is $19.55 and the company has a market cap of $214 M . The 52-week low of the share price is at $13.88.

Carolina Financial Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Carolina Financial Corp is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Apr 7, 2016.

Carolina Financial Corporation (Carolina Financial) is a bank holding company. The Company operates through CresCom Bank a South Carolina state-chartered bank. The Company’s operations include community banking and wholesale mortgage banking (mortgage banking). The community banking provides traditional banking services offered through CresCom Bank. The mortgage banking provides mortgage loan origination and servicing offered through Crescent Mortgage. The Company’s subsidiaries provide a range of financial services to its customers including commercial and retail banking; mortgage banking and cash management. Through the Bank the Company conducts business through approximately 14 bank branches located in South Carolina including four in Charleston three in Dorchester two in Berkeley one in Georgetown and four in Horry.

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