Brean Capital Thinks Carolina Financial Corporation’s Stock is Going to Recover

By Ryan Adsit

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 $33.24, close to its 52-week low of $32.82.

According to TipRanks.com, Brantley is a 1-star analyst with an average return of -1.9% and a 35.1% 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 $46.67 average price target.

See today’s analyst top recommended stocks >>

Based on Carolina Financial Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $14.97 million. In comparison, last year the company had a net profit of $7.99 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.