Carter Bankshares (CARE) Expected to Announce Earnings on Thursday

Key Points

• Carter Bankshares is set to announce its Q3 2025 earnings on Thursday, October 23rd, with analysts expecting earnings of $0.39 per share and revenue of $39.20 million.
• The company recently reported a net margin of 12.58% and a return on equity of 7.68% in its last earnings announcement.
• Wall Street analysts have set an average rating of "Moderate Buy" for Carter Bankshares, with a consensus price target of $22.00.

Carter Bankshares (NASDAQ:CARE - Get Free Report) is projected to release its Q3 2025 results before the market opens on Thursday, October 23rd. Analysts expect Carter Bankshares to post earnings of $0.39 per share and revenue of $39.20 million for the quarter. Parties can find conference call details on the company's upcoming Q3 2025 earningreport page for the latest details on the call scheduled for Thursday, October 23, 2025 at 8:30 AM ET.

Carter Bankshares (NASDAQ:CARE - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.10. The company had revenue of $37.44 million during the quarter, compared to analyst estimates of $37.33 million. Carter Bankshares had a net margin of 12.58% and a return on equity of 7.68%. 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 Stock Performance

Shares of NASDAQ:CARE opened at $19.42 on Thursday. The company has a market cap of $440.25 million, a price-to-earnings ratio of 14.28 and a beta of 0.83. The company has a 50-day moving average price of $19.21 and a 200-day moving average price of $17.36. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. Carter Bankshares has a 12 month low of $13.60 and a 12 month high of $20.53.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CARE. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Carter Bankshares in a research report on Wednesday, October 8th. Raymond James Financial set a $22.00 target price on Carter Bankshares and gave the company an "outperform" rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.00.

Insiders Place Their Bets

In related news, Director Catharine L. Midkiff sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $17.76, for a total transaction of $35,520.00. Following the completion of the transaction, the director owned 16,054 shares of the company's stock, valued at $285,119.04. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.18% of the stock is currently owned by company insiders.

Institutional Trading of Carter Bankshares

A number of institutional investors and hedge funds have recently bought and sold shares of CARE. AQR Capital Management LLC increased its stake in Carter Bankshares by 88.1% during the 1st quarter. AQR Capital Management LLC now owns 25,175 shares of the company's stock valued at $407,000 after purchasing an additional 11,794 shares in the last quarter. Empowered Funds LLC increased its position in shares of Carter Bankshares by 7.3% during 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. Jane Street Group LLC bought a new stake in shares of Carter Bankshares during the first quarter valued at approximately $585,000. Creative Planning bought a new stake in shares of Carter Bankshares during the second quarter valued at approximately $330,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Carter Bankshares by 7.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 46,795 shares of the company's stock worth $811,000 after purchasing an additional 3,066 shares in the last quarter. 41.48% of the stock is currently owned by institutional investors.

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.

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