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Carolina Financial Corp (CARO) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Carolina Financial Corp (CARO) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Carolina Financial Corp is a US-based bank holding company. The bank's operating segment includes Community banking, mortgage banking and other. Generating, a majority of its revenue from the Community banking segment. Carolina Financial Corp has a market cap of $811.940 million; its shares were traded at around $36.41 with a P/E ratio of 16.35 and P/S ratio of 4.64. The dividend yield of Carolina Financial Corp stocks is 0.68%.


For the last quarter Carolina Financial Corp reported a revenue of $43.4 million, compared with the revenue of $39.35 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $173.7 million, an increase of 50.2% from last year. For the last five years Carolina Financial Corp had an average revenue growth rate of 21.9% a year.

The reported diluted earnings per share was $2.26 for the year, an increase of 30.6% from previous year. Over the last five years Carolina Financial Corp had an EPS growth rate of 9.7% a year. The profitability rank of the company is 2 (out of 10).

At the end of the fiscal year, Carolina Financial Corp has the cash and cash equivalents of $62.1 million, compared with $81.3 million in the previous year. The long term debt was $59.4 million, compared with $72.3 million in the previous year. Carolina Financial Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $36.41, Carolina Financial Corp is traded at 64% premium to its historical median P/S valuation band of $22.20. The P/S ratio of the stock is 4.64, while the historical median P/S ratio is 2.83. The stock lost 5% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Michael P Leddy sold 20,000 shares of CARO stock on 02/08/2019 at the average price of $34.5. The price of the stock has increased by 5.54% since.

For the complete 20-year historical financial data of CARO, click here.

This article first appeared on GuruFocus.