Carolina Financial Corp (CARO) was Initiated by Brean Capital to “Hold”. Brean Capital advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on Carolina Financial Corp. Carolina Financial Corp was Upgraded by Sandler O’Neill to ” Buy” on Nov 9, 2016.
Carolina Financial Corp closed down -0.05 points or -0.19% at $26.42 with 41,974 shares getting traded on Tuesday. Post opening the session at $26.55, the shares hit an intraday low of $26.33 and an intraday high of $26.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Nov 28, 2016, Jeffery L. Deal (director) sold 3,500 shares at $25.93 per share price. According to the SEC, on Nov 15, 2016, Daniel H Jr Isaac (director) purchased 9,000 shares at $25.00 per share price. On Nov 14, 2016, Jerry L Rexroad (President and Chief Executive) sold 1,001 shares at $25.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Carolina Financial Corporation (Carolina Financial) is a bank holding company. The Company operates through CresCom Bank a South Carolina state-chartered bank. The Companys 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 Companys 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.