The President of Carolina Financial Corporation (NASDAQ: CARO) is Selling Shares

By Carrie Williams

Today, the President of Carolina Financial Corporation (CAROResearch Report), Huggins, sold shares of CARO for $179.3K.

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Based on Carolina Financial Corporation’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $52.42 million and quarterly net profit of $15.44 million. In comparison, last year the company earned revenue of $40.65 million and had a net profit of $6.33 million. CARO’s market cap is $807.5M and the company has a P/E ratio of 16.12. Currently, Carolina Financial Corporation has an average volume of 7,605.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $36.00, reflecting a 0.0% downside.

The insider sentiment on Carolina Financial Corporation has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.