Revenue Update on Carolina Bank Holding (NC)(NASDAQ:CLBH)

Carolina Bank Holding (NC)(NASDAQ:CLBH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $6.03M. Analysts estimated a revenue of $6.20M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.34.

Carolina Bank Holding (NC) (CLBH) shares turned negative on Thursdays trading session with the shares closing down -0.035 points or -0.19% at a volume of 407. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.395. The peak price level was also seen at $18.395 while the days lowest was $18.395. Finally the shares closed at $18.395. The 52-week high of the shares is $18.91 while the 52-week low is $12.3001. According to the latest information available, the market cap of the company is $93 M.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, James E Hooper (director) purchased 288 shares at $17.47 per share price.Also, On Jun 2, 2016, Kim Anne Thompson (director) purchased 149 shares at $16.19 per share price.On Jun 2, 2016, Michael F Bumpass (director) purchased 149 shares at $16.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Carolina Bank Holdings Inc. is a bank holding company of the Carolina Bank (the Bank). 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 Company has three segments: the Commercial/Retail Bank the Mortgage Banking Division and the Holding Company. The Bank’s lending activities are concentrated in commercial lending to small-to-medium sized businesses located primarily in its market area construction and development loans and various consumer-type loans to individuals including installment loans credit card products mortgage loans and equity lines of credit. The Bank’s primary service area consists of the Cities of Greensboro High Point Burlington Winston-Salem and Asheboro North Carolina and others.

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