Stephens Reaffirms Their Hold Rating on Carolina Financial Corporation (CARO)

By Ryan Adsit

In a report released today, Tyler Stafford from Stephens reiterated a Hold rating on Carolina Financial Corporation (CAROResearch Report), with a price target of $37. The company’s shares opened today at $35.30.

According to, Stafford is a 4-star analyst with an average return of 4.5% and a 53.1% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Amerant Bancorp Inc. Class A, and Pinnacle Financial Partners.

The word on The Street in general, suggests a Hold analyst consensus rating for Carolina Financial Corporation with a $37.50 average price target.

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Carolina Financial Corporation’s market cap is currently $794.2M and has a P/E ratio of 13.22. The company has a Price to Book ratio of 1.35.

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.