Carolina Financial Corporation (CARO) Gets a Buy Rating from Brean Capital


Brean Capital analyst Blair Brantley reiterated a Buy rating on Carolina Financial Corporation (CARO) on February 8. The company’s shares opened today at $35.08.

According to TipRanks.com, Brantley is a 1-star analyst with an average return of -2.9% and a 32.5% success rate. Brantley covers the Financial sector, focusing on stocks such as Union Bankshares Corporation, 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 $36.

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Based on Carolina Financial Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $15.44 million. In comparison, last year the company had a net profit of $6.33 million.

Based on the recent corporate insider activity of 41 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.

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