Carolina Financial Corporation (CARO) Gets a Hold Rating from Stephens

By Austin Angelo

In a report released yesterday, Tyler Stafford from Stephens maintained a Hold rating on Carolina Financial Corporation (CAROResearch Report), with a price target of $32. The company’s shares closed yesterday at $30.90, close to its 52-week low of $28.49.

According to TipRanks.com, Stafford is a 3-star analyst with an average return of 1.3% and a 49.1% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Pinnacle Financial Partners, and Pacific Premier Bancorp Inc.

Carolina Financial Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $40.50.

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Based on Carolina Financial Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $15.2 million. In comparison, last year the company had a net profit of $7.99 million.

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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.