The stock of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) reached all time high today, Nov, 24 and still has $24.29 target or 3.00% above today’s $23.58 share price. This indicates more upside for the $121.56 million company. This technical setup was reported by Barchart.com. If the $24.29 PT is reached, the company will be worth $3.65M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.68% or $0.16 on November 23, hitting $23.58. About 11,275 shares traded hands or 75.08% up from the average. Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) has risen 47.67% since April 22, 2016 and is uptrending. It has outperformed by 42.26% the S&P500.
Analysts await Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) to report earnings on February, 3. They expect $0.26 EPS, up 23.81% or $0.05 from last year’s $0.21 per share. CLBH’s profit will be $1.34M for 22.67 P/E if the $0.26 EPS becomes a reality. After $0.31 actual EPS reported by Carolina Bank Holding Inc. (NC) for the previous quarter, Wall Street now forecasts -16.13% negative EPS growth.
According to Zacks Investment Research, “CAROLINA BANK HOLDING specializes in lending to entrepreneur-owned businesses and professional associations. Carolina Bank offers an array of value-priced banking products and a seasoned, professional corps of commercial bankers. A hallmark of the bank is fast, responsive decision-making. Customers may access their accounts with a 24-hour telephone banking system and though the Internet. The bank provides customers free ATM access by rebating foreign ATM transaction costs.”
Insitutional Activity: The institutional sentiment increased to 1.44 in Q2 2016. Its up 0.24, from 1.2 in 2016Q1. The ratio is positive, as 2 funds sold all Carolina Bank Holding Inc. (NC) shares owned while 8 reduced positions. 5 funds bought stakes while 7 increased positions. They now own 1.93 million shares or 15.25% less from 2.28 million shares in 2016Q1.
Smith Salley Assocs has 0.55% invested in the company for 135,470 shares. Bridgeway Mgmt owns 27,500 shares or 0.01% of their US portfolio. Wellington Mngmt Gru Llp accumulated 0% or 244,200 shares. Dimensional Fund Advsrs Lp accumulated 0% or 17,718 shares. Jcsd Cap Limited Company holds 4.41% or 230,000 shares in its portfolio. Alliancebernstein L P accumulated 0% or 67,701 shares. Comml Bank Of America De has invested 0% of its portfolio in Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH). Blackrock Institutional Tru Com Na holds 0% or 31,303 shares in its portfolio. Raymond James Financial Service holds 16,771 shares or 0% of its portfolio. Basswood Cap Management Ltd Limited Liability Company reported 147,291 shares or 0.15% of all its holdings. Endicott Mgmt Communication accumulated 256,915 shares or 1.64% of the stock. Huber Capital Lc accumulated 23,100 shares or 0.02% of the stock. Manufacturers Life Insurance The holds 0% or 63 shares in its portfolio. Banc Funds Com has 0.11% invested in the company for 110,400 shares. Blackrock Ltd Limited Liability Company last reported 697 shares in the company.
Insider Transactions: Since May 31, 2016, the stock had 5 buys, and 7 insider sales for $260,405 net activity. 5,000 shares with value of $105,000 were sold by BROWN GARY N on Thursday, November 10. Barrett James Alexander also bought $7,480 worth of Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) on Tuesday, May 31. Shares for $5,031 were bought by HOOPER JAMES E. $2,412 worth of shares were bought by Thompson Kim Anne on Tuesday, May 31. Alt Mary Susan bought 75 shares worth $1,214. Bumpass Michael F bought 149 shares worth $2,412.
More news for Carolina Bank Holding Inc. (NC) (NASDAQ:CLBH) were recently published by: Prnewswire.com, which released: “First Bancorp to Acquire Carolina Bank Holdings, Inc.” on June 22, 2016. Globenewswire.com‘s article titled: “Carolina Bank Holdings, Inc. Reports EPS of $0.31 in the Third Quarter” and published on October 27, 2016 is yet another important article.
CLBH Company Profile
Carolina Bank Holdings, Inc., incorporated on August 16, 2000, is a bank holding firm of the Carolina Bank (the Bank). The Bank engages in a general banking business in Guilford, Alamance, Randolph and Forsyth Counties, North Carolina. The Firm operates through three divisions: the Commercial/Retail Bank, the Mortgage Banking Division and the Holding Company. The Bank’s activities are commercially oriented and directed to individuals and small to medium-sized businesses located in its market area and its deposits and loans are derived primarily from clients in its geographic market. The Bank provides commercial and consumer banking services, including personal and commercial checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts and related business and individual banking services. The Bank’s primary service area consists of the cities of Greensboro, High Point, Burlington, Winston-Salem and Asheboro, North Carolina and the areas surrounding Greensboro, High Point, Burlington, Winston-Salem and Asheboro. The Bank’s residential mortgage loan production offices are located in Burlington, Chapel Hill, Pinehurst and Sanford, North Carolina. The mortgage banking division originates residential loans throughout the southeastern United States, primarily North Carolina and contiguous states.
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