Carter Bankshares (CARE) Projected to Post Quarterly Earnings on Thursday

Carter Bankshares (NASDAQ:CARE - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect Carter Bankshares to post earnings of $0.31 per share and revenue of $37.33 million for the quarter.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. Carter Bankshares had a net margin of 11.20% and a return on equity of 6.70%. The company had revenue of $37.22 million for the quarter, compared to analyst estimates of $34.90 million. On average, analysts expect Carter Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carter Bankshares Trading Down 0.3%

Carter Bankshares stock traded down $0.05 during midday trading on Friday, reaching $18.17. The stock had a trading volume of 73,614 shares, compared to its average volume of 75,641. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.14. Carter Bankshares has a 52-week low of $13.61 and a 52-week high of $20.40. The firm has a market cap of $420.82 million, a price-to-earnings ratio of 15.14 and a beta of 0.77. The company has a fifty day moving average of $16.87 and a 200 day moving average of $16.61.

Insider Activity at Carter Bankshares

In related news, Director Kevin S. Bloomfield sold 4,509 shares of Carter Bankshares stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $16.71, for a total transaction of $75,345.39. Following the transaction, the director directly owned 18,047 shares of the company's stock, valued at $301,565.37. This trade represents a 19.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 7,138 shares of company stock worth $119,249 over the last 90 days. Company insiders own 2.18% of the company's stock.

Institutional Investors Weigh In On Carter Bankshares

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Carter Bankshares in the first quarter valued at approximately $585,000. Empowered Funds LLC boosted its stake in Carter Bankshares by 7.3% in the first quarter. Empowered Funds LLC now owns 90,725 shares of the company's stock valued at $1,468,000 after acquiring an additional 6,157 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Carter Bankshares by 88.1% in the first quarter. AQR Capital Management LLC now owns 25,175 shares of the company's stock valued at $407,000 after acquiring an additional 11,794 shares in the last quarter. 41.48% of the stock is currently owned by institutional investors and hedge funds.

Carter Bankshares Company Profile

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 deposits.