Carter Bankshares, Inc. (CARE)

Market Cap	431.22M
Revenue (ttm)	128.51M
Net Income (ttm)	14.20M
Shares Out	23.07M
EPS (ttm)	0.62
PE Ratio	30.08
Forward PE	6.52
Dividend	n/a
Ex-Dividend Date	n/a

Volume	104,743
Open	18.72
Previous Close	18.71
Day's Range	18.44 - 18.76
52-Week Range	10.95 - 20.40
Beta	1.03
Analysts	Buy
Price Target	21.50 (+15.04%)
Earnings Date	Oct 24, 2024

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 15.04% from the latest price.

Price Target

$21.5

(15.04% upside)

Analyst Consensus: Buy