Brean Capital Reaffirms Their Buy Rating on Carolina Financial Corporation (CARO)

By Jason Carr

Brean Capital analyst Blair Brantley reiterated a Buy rating on Carolina Financial Corporation (NASDAQ: CARO) today. The company’s shares opened today at $31.99.

According to TipRanks.com, Brantley ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.1% and a 27.0% 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.

Currently, the analyst consensus on Carolina Financial Corporation is a Strong Buy with an average price target of $45.33, a 41.7% upside from current levels. In a report issued on October 26, Raymond James also maintained a Buy rating on the stock with a $40 price target.

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The company has a one-year high of $45.58 and a one-year low of $28.49. Currently, Carolina Financial Corporation has an average volume of 67.74K.

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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.