In a report released yesterday, Blair Brantley from Brean Capital reiterated a Buy rating on Carolina Financial Corporation (NASDAQ: CARO). The company’s shares opened today at $42.56.
According to TipRanks.com, Brantley is a 4-star analyst with an average return of 11.2% and a 82.9% 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.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carolina Financial Corporation with a $44.50 average price target.
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The company has a one-year high of $45.58 and a one-year low of $31.33. Currently, Carolina Financial Corporation has an average volume of 101.4K.
Based on the recent corporate insider activity of 46 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.
