Breaking: KBW Maintains $40.0 Price Objective On Carolina Financial Corporation (NASDAQ:CARO) Shares, Maintains Their Original Buy Rating

April 16, 2018 - By Vivian Currie

Carolina Financial Corporation (NASDAQ:CARO) Logo

Carolina Financial Corporation (NASDAQ:CARO) Rating Reaffirmed

Equity research analysts at KBW now has a $40.0 price target on Carolina Financial Corporation (NASDAQ:CARO). KBW and their recent price target indicates a potential upside of 1.04 % from the company’s current price. The rating has been shown in a research report on Thursday, 21 December.

Carolina Financial Corporation (NASDAQ:CARO) Ratings Coverage

Among 5 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Carolina Financial Corporation has $46.0 highest and $37.0 lowest target. $43.25’s average target is 9.24% above currents $39.59 stock price. Carolina Financial Corporation had 14 analyst reports since October 20, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Buy” rating by Brean Capital on Tuesday, January 2. Sandler O’Neill maintained Carolina Financial Corporation (NASDAQ:CARO) on Thursday, January 4 with “Buy” rating. Brean Capital maintained Carolina Financial Corporation (NASDAQ:CARO) rating on Friday, November 10. Brean Capital has “Buy” rating and $40.0 target. Keefe Bruyette & Woods maintained it with “Buy” rating and $46.0 target in Monday, February 26 report. The rating was maintained by Brean Capital with “Buy” on Friday, February 2. The rating was maintained by Brean Capital with “Buy” on Friday, December 1. The stock of Carolina Financial Corporation (NASDAQ:CARO) has “Hold” rating given on Thursday, January 25 by Stephens. Brean Capital maintained the shares of CARO in report on Thursday, April 5 with “Buy” rating. The rating was maintained by Brean Capital with “Buy” on Monday, February 5.

The stock increased 1.54% or $0.6 during the last trading session, reaching $39.59. About 21,823 shares traded. Carolina Financial Corporation (NASDAQ:CARO) has risen 32.43% since April 16, 2017 and is uptrending. It has outperformed by 20.88% the S&P500.

Analysts await Carolina Financial Corporation (NASDAQ:CARO) to report earnings on April, 23. They expect $0.65 earnings per share, up 58.54 % or $0.24 from last year’s $0.41 per share. CARO’s profit will be $13.62 million for 15.23 P/E if the $0.65 EPS becomes a reality. After $0.57 actual earnings per share reported by Carolina Financial Corporation for the previous quarter, Wall Street now forecasts 14.04 % EPS growth.

Carolina Financial Corporation operates as a bank holding firm for CresCom Bank that provides a range of commercial and retail banking financial services in South Carolina and North Carolina. The company has market cap of $829.51 million. The firm operates in Community Banking and Wholesale Mortgage Banking divisions. It has a 22.88 P/E ratio. It offers checking accounts, commercial accounts, savings accounts, money market accounts, retirement accounts, longer-term certificates of deposit, noninterest-bearing demand accounts, and interest-bearing demand accounts to individuals, businesses, associations, organizations, and governmental authorities.

Carolina Financial Corporation (NASDAQ:CARO) Ratings Chart

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