Carter Bankshares, Inc. (CARE)

NASDAQ: CARE · IEX Real-Time Price · USD
13.53
+0.52 (4.00%)
Jun 24, 2022 4:00 PM EDT - Market closed
4.00%
Market Cap 332.54M
Revenue (ttm) n/a
Net Income (ttm) n/a
Shares Out 24.58M
EPS (ttm) 1.19
PE Ratio 11.38
Forward PE 9.02
Dividend n/a
Ex-Dividend Date n/a
Volume 317,501
Open 13.00
Previous Close 13.01
Day's Range 12.93 - 13.58
52-Week Range 10.02 - 17.99
Beta 1.12
Analysts Buy
Price Target 19.72 (+45.8%)
Earnings Date Aug 4, 2022

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...]

Industry Banks
Founded 1974
Employees 731
Stock Exchange NASDAQ
Ticker Symbol CARE
Full Company Profile

Analyst Forecast

According to 10 analysts, the average rating for CARE stock is "Buy." The 12-month stock price forecast is 19.72, which is an increase of 45.75% from the latest price.

Price Target
$19.72
(45.75% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 earnin...

Has Carter Bankshares (CARE) Outpaced Other Finance Stocks This Year?

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

Carter Bankshares, Inc. (CARE) Q1 Earnings Top Estimates

Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 20% and 0%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Carter Bankshares, Inc. Announces First Quarter 2022 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / April 26, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $9.3 million...

Carter Bank & Trust Set To Expand Into Charlotte

The Bank will open a regional banking hub, on East Morehead, for commercial and retail banking in early May. MARTINSVILLE, VA / ACCESSWIRE / April 13, 2022 / Carter Bank & Trust (NASDAQ:CARE) announced ...

Carter Bank & Trust Announces the Promotion of Mortgage Director Richard Owen to Executive Vice President

Owen, who joined the bank in 2017, will continue to lead the Bank's Mortgage and Corporate Sales Divisions. MARTINSVILLE, VA / ACCESSWIRE / April 5, 2022 / Carter Bank & Trust (NASDAQ:CARE) (The "Bank")...

Carter Bankshares, Inc. Appoints Two New Members to Board of Directors

Jacob A. Lutz, III and Curtis E. Stephens Will Help Guide the Continued Growth of Carter Bankshares, Inc. MARTINSVILLE, VA / ACCESSWIRE / March 24, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ...

Chrystal Parnell Joins Carter Bank & Trust to Serve as the Bank's First Chief Marketing and Communications Officer

Parnell brings more than two decades of experience in brand strategy and marketing to the newly created position. MARTINSVILLE, VA / ACCESSWIRE / March 23, 2022 / Carter Bank & Trust (NASDAQ:CARE) has a...

Carter Bank & Trust Donates More Than $26,000 To Non-Profit Organizations In Q4, 2021

MARTINSVILLE, VA / ACCESSWIRE / March 1, 2022 / In continuing its reputation of caring for the communities it's privileged to serve, Carter Bank & Trust (NASDAQ:CARE) donated more than $26,000 to 23 non...

Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2021 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / January 27, 2022 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $5.6 milli...

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.

Carter Bank & Trust Announces Partnership With HBCU Heroes To Help And Inspire The HBCU Community

The partnership will include $10,000 in needs-based scholarship funds for North Carolina Agricultural & Technical State University students. MARTINSVILLE, VA / ACCESSWIRE / December 17, 2021 / Carter Ba...

Carter Bank & Trust Continues Tradition of Care by Donating $31,370 to 23 Non-Profit Organizations in Q3

Donations were a part of the Bank's CARE Forward Campaign. MARTINSVILLE, VA / ACCESSWIRE / December 6, 2021 / Since 1974, Carter Bank & Trust (NASDAQ:CARE) has built a reputation of care by working to e...

Carter Bankshares, Inc. Announces Third Quarter 2021 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / October 28, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced net income of $11.2 mill...

Carter Bankshares, Inc. Announces Second Quarter 2021 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / July 29, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced net income of $5.4 million, or $0.21 diluted earnings per share, for the second quar...

How Carter Bankshares (CARE) Stock Stands Out in a Strong Industry

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

Carter Bank & Trust Partners with Amercian Red Cross for the "Help Can't Wait" Campaign

The partnership is part of The Bank's larger C.A.R.E. FORWARD campaign.

Carter Bankshares, Inc. Announces First Quarter 2021 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / April 29, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced net income of $9.4 million, or $0.36 diluted earnings per share, for the first quar...

Carter Bank & Trust Gives Back Through Magical Moments of CARE Campaign

Bank contributed more than $23,000 to 35 non-profit organizations. MARTINSVILLE, VA / ACCESSWIRE / March 17, 2021 / Carter Bank & Trust recently contributed more than $23,000 to 35 local non-profit orga...

Carter Bank & Trust Enters Agreement with Pendleton Community Bank

Pendleton Community Bank will acquire three Carter Bank & Trust branches in 2021. MARTINSVILLE, VA & FRANKLIN, WV / ACCESSWIRE / January 14, 2021 / Carter Bankshares (NASDAQ:CARE) and Pendleton Communit...

Carter Bankshares (CARE) in Focus: Stock Moves 6.3% Higher

Carter Bankshares (CARE) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

Analysts Recommend Catching These 2 Falling Knives.

Analysts on Wall Street recommend buying shares of Trevi Therapeutics Inc (NASDAQ:TRVI) and Carter Bank & Trust (NASDAQ:CARE), even though their share prices have lost more than 59% over the past 52 wee...

Other symbols: TRVI

Carter Bank & Trust Fails to File Annual Report With the FDIC

The Virginia bank cites a pending appraisal for impaired loan relationship.