Carolina Financial Corporation (NASDAQ:CARO)‘s stock had its “buy” rating reaffirmed by Brean Capital in a report released on Monday.

Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of Carolina Financial Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 target price on shares of Carolina Financial Corporation in a research report on Friday, July 7th. Stephens reaffirmed a “hold” rating and set a $34.00 target price on shares of Carolina Financial Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Carolina Financial Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $36.75.

Shares of Carolina Financial Corporation (NASDAQ CARO) traded down 0.76% on Monday, reaching $39.03. 165,282 shares of the company’s stock traded hands. The company’s 50-day moving average is $35.52 and its 200-day moving average is $32.90. The firm has a market capitalization of $626.63 million, a P/E ratio of 21.48 and a beta of 0.46. Carolina Financial Corporation has a 52 week low of $22.17 and a 52 week high of $39.60.

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In other Carolina Financial Corporation news, Director Jeffery L. Deal sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $33.53, for a total value of $335,300.00. Following the sale, the director now owns 60,101 shares of the company’s stock, valued at approximately $2,015,186.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.23% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Sheets Smith Wealth Management bought a new stake in Carolina Financial Corporation in the 2nd quarter valued at $285,000. Vanguard Group Inc. increased its holdings in Carolina Financial Corporation by 14.5% in the 1st quarter. Vanguard Group Inc. now owns 445,806 shares of the financial services provider’s stock valued at $13,374,000 after buying an additional 56,618 shares during the period. Nationwide Fund Advisors increased its holdings in Carolina Financial Corporation by 4.4% in the 1st quarter. Nationwide Fund Advisors now owns 6,723 shares of the financial services provider’s stock valued at $202,000 after buying an additional 286 shares during the period. Prudential Financial Inc. bought a new stake in Carolina Financial Corporation in the 2nd quarter valued at $437,000. Finally, Wellington Management Group LLP increased its holdings in Carolina Financial Corporation by 125.7% in the 1st quarter. Wellington Management Group LLP now owns 351,328 shares of the financial services provider’s stock valued at $10,539,000 after buying an additional 195,699 shares during the period. 43.32% of the stock is currently owned by hedge funds and other institutional investors.

Carolina Financial Corporation Company Profile

Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank (the Bank), a state-chartered commercial bank. The Company operates through three segments: community banking, wholesale mortgage banking (mortgage banking) and other. The Company’s community banking segment provides traditional banking services offered through CresCom Bank.

Analyst Recommendations for Carolina Financial Corporation (NASDAQ:CARO)

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