Brean Capital Believes Carolina Financial Corporation (CARO) Still Has Room to Grow

In a report released today, Blair Brantley from Brean Capital reiterated a Buy rating on Carolina Financial Corporation (NASDAQ: CARO). The company’s shares opened today at $42, close to its 52-week high of $42.75.

According to TipRanks.com, Brantley is a 4-star analyst with an average return of 9.1% and a 85.7% success rate. Brantley covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, Patriot National Bancorp Inc, and Community Bankers Trust Corp.

Carolina Financial Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $44.50.

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Based on Carolina Financial Corporation’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $4.06 million. In comparison, last year the company had a net profit of $4.9 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.

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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.