Carolina Financial Corporation (CARO) Receives a Buy from Brean Capital

By Austin Angelo

In a report released today, Blair Brantley from Brean Capital assigned a Buy rating to Carolina Financial Corporation (CAROResearch Report), with a price target of $41. The company’s shares opened today at $34.20.

According to TipRanks.com, Brantley has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.2% and a 25.0% success rate. Brantley covers the Financial sector, focusing on stocks such as Community Bankers Trust Corp, Patriot National Bancorp Inc, and Union Bankshares Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carolina Financial Corporation with a $38.25 average price target.

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The company has a one-year high of $45.58 and a one-year low of $27.62. Currently, Carolina Financial Corporation has an average volume of 73.54K.

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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.