Carolina Financial Corporation (CARO) Receives a Hold from Stephens

By Jason Carr

Stephens analyst Tyler Stafford assigned a Hold rating to Carolina Financial Corporation (CAROResearch Report) today and set a price target of $37. The company’s shares opened today at $35.36.

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.5% and a 57.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Amerant Bancorp Inc. Class A, and Pacific Premier Bancorp Inc.

Currently, the analyst consensus on Carolina Financial Corporation is a Moderate Buy with an average price target of $38.

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Based on Carolina Financial Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $15.07 million. In comparison, last year the company had a net profit of $14.97 million.

Based on the recent corporate insider activity of 42 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.