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NASDAQ:CARE

Carter Bankshares (CARE) Stock Forecast, Price & News

$16.09
+0.54 (+3.47%)
(As of 06/7/2023 ET)
Compare
Today's Range
$15.69
$16.23
50-Day Range
$12.74
$15.55
52-Week Range
$12.35
$18.83
Volume
80,029 shs
Average Volume
59,517 shs
Market Capitalization
$385.19 million
P/E Ratio
6.85
Dividend Yield
N/A
Price Target
$18.17

Carter Bankshares MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
12.9% Upside
$18.17 Price Target
Short Interest
Healthy
0.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.13mentions of Carter Bankshares in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$59,743 Sold Last Quarter
Proj. Earnings Growth
-14.88%
From $2.42 to $2.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Finance Sector

752nd out of 851 stocks

National Commercial Banks Industry

80th out of 84 stocks


CARE stock logo

About Carter Bankshares (NASDAQ:CARE) Stock

Carter Bankshares, Inc. is a holding company, which engages in the provision of retail and commercial financial products and services and insurance products. The company was founded by Worth Harris Carter, Jr. in 1974 and is headquartered in Martinsville, VA.

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CARE Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
CARE - Carter Bankshares, Inc.
Aaron Carter's Cause of Death Revealed
See More Headlines

CARE Price History

CARE Company Calendar

Last Earnings
10/31/2021
Today
6/07/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CARE
Fax
N/A
Employees
731
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.17
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$49.82 million
Pretax Margin
35.35%

Debt

Sales & Book Value

Annual Sales
$181.90 million
Cash Flow
$2.72 per share
Book Value
$13.63 per share

Miscellaneous

Free Float
23,409,000
Market Cap
$385.91 million
Optionable
Not Optionable
Beta
0.89

Key Executives

  • Litz H. van Dyke
    Chief Executive Officer & Director
  • Bradford N. LangsBradford N. Langs
    President & Chief Strategy Officer
  • Matthew M. Speare
    Chief Operating Officer & Senior EVP
  • Wendy S. BellWendy S. Bell
    Chief Financial Officer & Senior Executive VP
  • John Richard Spiker
    Chief Lending Officer & Senior Executive VP













CARE Stock - Frequently Asked Questions

Should I buy or sell Carter Bankshares stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carter Bankshares in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CARE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CARE, but not buy additional shares or sell existing shares.
View CARE analyst ratings
or view top-rated stocks.

What is Carter Bankshares' stock price forecast for 2023?

3 brokers have issued 12 month price targets for Carter Bankshares' stock. Their CARE share price forecasts range from $17.00 to $19.00. On average, they predict the company's stock price to reach $18.17 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
View analysts price targets for CARE
or view top-rated stocks among Wall Street analysts.

How have CARE shares performed in 2023?

Carter Bankshares' stock was trading at $16.59 at the beginning of the year. Since then, CARE shares have decreased by 2.8% and is now trading at $16.12.
View the best growth stocks for 2023 here
.

Are investors shorting Carter Bankshares?

Carter Bankshares saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 186,000 shares, an increase of 7.3% from the April 30th total of 173,400 shares. Based on an average daily volume of 58,600 shares, the short-interest ratio is presently 3.2 days. Currently, 0.8% of the company's stock are sold short.
View Carter Bankshares' Short Interest
.

When is Carter Bankshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CARE earnings forecast
.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) posted its quarterly earnings results on Sunday, October, 31st. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.14. The company had revenue of $36.32 million for the quarter, compared to analyst estimates of $33.43 million. Carter Bankshares had a trailing twelve-month return on equity of 16.79% and a net margin of 28.29%.

What ETFs hold Carter Bankshares' stock?
What other stocks do shareholders of Carter Bankshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carter Bankshares investors own include Advanced Micro Devices (AMD), Target (TGT), AbbVie (ABBV), Alibaba Group (BABA), Best Buy (BBY), Carnival Co. & (CCL), Las Vegas Sands (LVS), NVIDIA (NVDA), Pfizer (PFE) and Peloton Interactive (PTON).

What is Carter Bankshares' stock symbol?

Carter Bankshares trades on the NASDAQ under the ticker symbol "CARE."

Who are Carter Bankshares' major shareholders?

Carter Bankshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.86%), State Street Corp (1.98%), Dimensional Fund Advisors LP (1.91%), Geode Capital Management LLC (1.88%), Huber Capital Management LLC (1.84%) and Petiole USA ltd (1.74%). Insiders that own company stock include Arthur Loran Adams, Bradford N Langs, Catharine L Midkiff, Curtis E Stephens, Dyke Litz H Van, Elizabeth L Walsh, Gregory W Feldmann, James W Haskins, Jane Ann Davis, Kevin S Bloomfield, Matthew M Speare, Michael R Bird, Phyllis Q Karavatakis, Robert M Bolton and Wendy S Bell.
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Carter Bankshares' stock price today?

One share of CARE stock can currently be purchased for approximately $16.12.

How much money does Carter Bankshares make?

Carter Bankshares (NASDAQ:CARE) has a market capitalization of $385.91 million and generates $181.90 million in revenue each year. The company earns $49.82 million in net income (profit) each year or $2.35 on an earnings per share basis.

How many employees does Carter Bankshares have?

The company employs 731 workers across the globe.

How can I contact Carter Bankshares?

Carter Bankshares' mailing address is 1300 Kings Mountain Road, Martinsville VA, 24112. The official website for the company is www.carterbankandtrust.com. The company can be reached via phone at (276) 656-1776 or via email at wendy.bell@carterbankandtrust.com.

This page (NASDAQ:CARE) was last updated on 6/7/2023 by MarketBeat.com Staff

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