Carter Bankshares, Inc. (CARE)

Market Cap	407.91M
Revenue (ttm)	128.51M
Net Income (ttm)	14.20M
Shares Out	23.07M
EPS (ttm)	0.62
PE Ratio	28.45
Forward PE	6.25
Dividend	n/a
Ex-Dividend Date	n/a

Volume	144,542
Open	17.00
Previous Close	17.17
Day's Range	17.00 - 17.72
52-Week Range	10.95 - 20.40
Beta	1.00
Analysts	Buy
Price Target	21.50 (+21.61%)
Earnings Date	Jan 23, 2025

About CARE

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposit. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as r...

• Industry: Banks - Regional
• Sector: Financials
• Founded: 1974
• Employees: 679
• Stock Exchange: NASDAQ
• Ticker Symbol: CARE
• Website: https://www.carterbank.com

Financial Performance

In 2023, Carter Bankshares's revenue was $134.19 million, a decrease of -15.12% compared to the previous year's $158.10 million. Earnings were $23.19 million, a decrease of -53.46%.

Analyst Forecast

According to 2 analysts, the average rating for CARE stock is "Buy." The 12-month stock price forecast is $21.5, which is an increase of 21.61% from the latest price.

Price Target

$21.5

(21.61% upside)

Analyst Consensus: Buy