Carter Bankshares (CARE) Stock Price, News & Analysis

Company Overview

Carter Bankshares, Inc. is a bank holding company headquartered in Suffolk, Virginia, operating primarily through its subsidiary, Carter Bank & Trust. The company offers a full range of commercial and retail banking services, serving individuals, small and mid-sized businesses, and nonprofit organizations. Its financial products are designed to meet the needs of local customers across southeastern Virginia and northeastern North Carolina.

Carter Bank & Trust provides deposit accounts, including checking, savings and money market products, as well as certificates of deposit. Loan offerings encompass residential mortgages, home equity lines of credit, consumer installment loans and commercial lending solutions. The company also delivers treasury management services, online and mobile banking platforms, and a variety of wealth management, trust administration and investment advisory services.

With a heritage dating back nearly a century, Carter Bankshares has grown through organic expansion and strategic acquisitions to strengthen its presence in its core markets. The company emphasizes community engagement and local decision-making, supporting economic development initiatives and philanthropic efforts throughout its service area. Its leadership team consists of seasoned banking professionals committed to customer-focused service and sustainable growth.

Key Stats

• Today's Range: $18.20 to $20.20
• 50-Day Range: $17.41 to $20.15
• 52-Week Range: $13.60 to $20.53
• Volume: 129,306 shs
• Average Volume: 83,596 shs
• Market Capitalization: $414.86 million
• P/E Ratio: 13.46
• Dividend Yield: N/A
• Price Target: $22.00
• Consensus Rating: Moderate Buy

Carter Bankshares Stock Analysis - MarketRank™

Carter Bankshares scored higher than 64% of companies evaluated by MarketBeat, and ranked 610th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Carter Bankshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Upside Potential

Carter Bankshares has a consensus price target of $22.00, representing about 20.2% upside from its current price of $18.30.

Amount of Analyst Coverage

Carter Bankshares has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 52.38%

Earnings Growth

Earnings for Carter Bankshares are expected to grow by 52.38% in the coming year, from $1.26 to $1.92 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carter Bankshares is 13.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 233.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carter Bankshares is 13.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.68.

Price to Book Value per Share Ratio

Carter Bankshares has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.68% of the float of Carter Bankshares has been sold short.

Short Interest Ratio / Days to Cover

Carter Bankshares has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Carter Bankshares has recently increased by 4.17%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Carter Bankshares does not currently pay a dividend.

Dividend Growth

Carter Bankshares does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.68% of the float of Carter Bankshares has been sold short.

Short Interest Ratio / Days to Cover

Carter Bankshares has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Carter Bankshares has recently increased by 4.17%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.91

News Sentiment

Carter Bankshares has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Carter Bankshares this week, compared to 1 article on an average week.

Search Interest

Only 3 people have searched for CARE on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Carter Bankshares to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Carter Bankshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $35,520.00 in company stock.

Percentage Held by Insiders

Only 2.18% of the stock of Carter Bankshares is held by insiders.

Percentage Held by Institutions

41.48% of the stock of Carter Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CARE Stock Analysis - Frequently Asked Questions

How have CARE shares performed this year?

Carter Bankshares' stock was trading at $17.59 on January 1st, 2025. Since then, CARE stock has increased by 4.0% and is now trading at $18.30.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) announced its quarterly earnings data on Thursday, July, 24th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.10. The business had revenue of $37.44 million for the quarter, compared to analysts' expectations of $37.33 million. Carter Bankshares had a trailing twelve-month return on equity of 7.68% and a net margin of 12.58%.

How do I buy shares of Carter Bankshares?

Shares of CARE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Carter Bankshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Carter Bankshares investors own include Advanced Micro Devices (AMD), Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 7/24/2025
• Today: 10/16/2025
• Next Earnings (Estimated): 10/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CARE
• CIK: 1829576
• Web: www.carterbankandtrust.com
• Phone: (276) 656-1776
• Fax: N/A
• Employees: 730
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Carter Bankshares: $22.00
• High Price Target: $22.00
• Low Price Target: $22.00
• Potential Upside/Downside: +20.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.36
• Trailing P/E Ratio: 13.44
• Forward P/E Ratio: 14.51
• P/E Growth: N/A
• Net Income: $24.27 million
• Net Margins: 12.58%
• Pretax Margin: 15.82%
• Return on Equity: 7.68%
• Return on Assets: 0.65%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 0.89
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $139.20 million
• Price / Sales: 2.98
• Cash Flow: $1.42 per share
• Price / Cash Flow: 12.83
• Book Value: $16.66 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 22,670,000
• Free Float: 22,176,000
• Market Cap: $414.41 million
• Optionable: Optionable
• Beta: 0.83