Carolina Bank Holdings Jumps 11% (CLBH)

Shares of Carolina Bank Holdings CLBH are jumping higher this morning by 11.34%, trading at $2.75. The stock is currently bid $2.75, at $2.87. This is not a very active name (10-day daily average volume of only 4,000 shares), but then again the company's float is only 3.0 million shares. The trend in shares has been noticeably downward over the past six months, with CLBH currently trading below the 50-day and 200-day moving averages. Carolina Bank Holdings, Inc. was formed for the purpose of serving as a bank holding company of Carolina Bank. The bank engages in a banking business in Guilford, Alamance, Randolph and Forsyth Counties, North Carolina. Its operations 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 from customers in its geographic market.