Carter Bankshares, Inc. (CARE)

NASDAQ: CARE · IEX Real-Time Price · USD
16.62
+0.35 (2.15%)
Jan 31, 2023, 4:00 PM EST - Market closed
2.15%
Market Cap 400.70M
Revenue (ttm) n/a
Net Income (ttm) n/a
Shares Out 24.11M
EPS (ttm) 1.61
PE Ratio 10.32
Forward PE 7.96
Dividend n/a
Ex-Dividend Date n/a
Volume 46,267
Open 16.24
Previous Close 16.27
Day's Range 16.17 - 16.67
52-Week Range 12.58 - 18.84
Beta 1.03
Analysts Buy
Price Target 19.64 (+18.17%)
Earnings Date Jan 26, 2023

About CARE

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. 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 residenti... [Read more]

Sector Financials
Founded 1974
Employees 731
Stock Exchange NASDAQ
Ticker Symbol CARE
Full Company Profile

Analyst Forecast

According to 9 analysts, the average rating for CARE stock is "Buy." The 12-month stock price forecast is $19.64, which is an increase of 18.17% from the latest price.

Price Target
$19.64
(18.17% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Carter Bankshares, Inc. (CARE) Beats Q4 Earnings and Revenue Estimates

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 1.64% and 6.61%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stoc...

5 days ago - Zacks Investment Research

Carter Bankshares, Inc. Announces Record Fourth Quarter and Full Year 2022 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / January 26, 2023 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record net income of $...

5 days ago - Accesswire

Carter Bank & Trust Announces the Promotion of Executives Matt Speare, Rich Spiker and Tony Kallsen to Senior Executive Vice President

In addition, Speare has been named the Bank's Chief Operations Officer, a change from his former role as Chief Information Officer. MARTINSVILLE, VA / ACCESSWIRE / January 24, 2023 / Carter Bank & Tru...

1 week ago - Accesswire

Best Value Stocks to Buy for December 28th

CARE, ADT and MUSA made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 28, 2022.

Other symbols: ADTMUSA
1 month ago - Zacks Investment Research

Is Carter Bankshares (CARE) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

1 month ago - Zacks Investment Research

Carter Bankshares, Inc. (CARE) Loses 9.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Carter Bankshares, Inc. (CARE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earn...

1 month ago - Zacks Investment Research

Is Carter Bankshares (CARE) Stock Outpacing Its Finance Peers This Year?

Here is how Carter Bankshares, Inc. (CARE) and Commerzbank AG (CRZBY) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research

Why Carter Bankshares (CARE) Stock Might be a Great Pick

Carter Bankshares (CARE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

2 months ago - Zacks Investment Research

5 Solid Stocks to Play a Topsy-Turvy Wall Street

With U.S. stocks wavering, it's prudent to invest in risk-adjusted stocks like Archer Daniels Midland (ADM), Carter Bankshares (CARE), W.R. Berkley (WRB), Lamb Weston (LW) and AeroVironment (AVAV) for...

Other symbols: ADMAVAVLWWRB
2 months ago - Zacks Investment Research

Earnings Estimates Moving Higher for Carter Bankshares, Inc. (CARE): Time to Buy?

Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

3 months ago - Zacks Investment Research

Carter Bankshares, Inc. (CARE) Q3 Earnings and Revenues Top Estimates

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 15.69% and 8.08%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the st...

3 months ago - Zacks Investment Research

Carter Bankshares, Inc. Announces Record Third Quarter 2022 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / October 27, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced record net income of $...

3 months ago - Accesswire

Can Carter Bankshares, Inc. (CARE) Keep the Earnings Surprise Streak Alive?

Carter Bankshares, Inc. (CARE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

3 months ago - Zacks Investment Research

Carter Bankshares, Inc. (CARE) Earnings Expected to Grow: Should You Buy?

Carter Bankshares, Inc. (CARE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength in an Uncertain September

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MGPI, LNTH, CARE, ARLP and DGII.

Other symbols: ARLPDGIILNTHMGPI
5 months ago - Zacks Investment Research

Recent Price Trend in Carter Bankshares, Inc. (CARE) is Your Friend, Here's Why

Carter Bankshares, Inc. (CARE) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

5 months ago - Zacks Investment Research

Is Carter Bankshares (CARE) Outperforming Other Finance Stocks This Year?

Here is how Carter Bankshares, Inc. (CARE) and Cullen/Frost Bankers (CFR) have performed compared to their sector so far this year.

5 months ago - Zacks Investment Research

Can Carter Bankshares, Inc. (CARE) Run Higher on Rising Earnings Estimates?

Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

5 months ago - Zacks Investment Research

Carter Bankshares, Inc. (CARE) is on the Move, Here's Why the Trend Could be Sustainable

Carter Bankshares, Inc. (CARE) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made...

5 months ago - Zacks Investment Research

Carter Bankshares, Inc. (CARE) Q2 Earnings and Revenues Surpass Estimates

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 22.22% and 8.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Carter Bankshares, Inc. Announces Second Quarter 2022 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / July 28, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $10.8 milli...

6 months ago - Accesswire

Will Carter Bankshares, Inc. (CARE) Gain on Rising Earnings Estimates?

Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

6 months ago - Zacks Investment Research

Wall Street Analysts Think Carter Bankshares, Inc. (CARE) Could Surge 27%: Read This Before Placing a Bet

The average of price targets set by Wall Street analysts indicates a potential upside of 26.5% in Carter Bankshares, Inc. (CARE). While the effectiveness of this highly sought-after metric is question...

7 months ago - Zacks Investment Research

Carter Bank & Trust Introduces a Limited-Time Take Your Pick Promotion

Take your pick promotion offers individuals and businesses the choice of two special interest rate savings options. MARTINSVILLE, VA / ACCESSWIRE / June 27, 2022 / For a limited time, Carter Bank & Tr...

7 months ago - Accesswire

After Plunging 9.7% in 4 Weeks, Here's Why the Trend Might Reverse for Carter Bankshares, Inc. (CARE)

Carter Bankshares, Inc. (CARE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earn...

9 months ago - Zacks Investment Research