NASDAQ:CARE

Carter Bankshares (CARE) Stock Forecast, Price & News

$12.74

-0.14 (-1.09%)

(As of 09/26/2023 ET)

Compare

Today's Range: $12.62
▼
$12.90
50-Day Range: $12.74
▼
$16.56
52-Week Range: $12.35
▼
$18.83

Volume: 47,098 shs
Average Volume: 72,102 shs
Market Capitalization: $297.22 million

P/E Ratio: 5.93
Dividend Yield: N/A
Price Target: $18.17

Carter Bankshares MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 42.6% Upside
$18.17 Price Target
Short Interest: Healthy
0.68% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.36
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$24,798 Bought Last Quarter
Proj. Earnings Growth: 64.06%
From $1.28 to $2.10 Per Share

Overall MarketRank^™

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

2.71 out of 5 stars

Finance Sector

294th out of 830 stocks

National Commercial Banks Industry

46th out of 82 stocks

3.2

Analyst's Opinion

Consensus Rating
Carter Bankshares has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.17, Carter Bankshares has a forecasted upside of 42.6% from its current price of $12.74.
Amount of Analyst Coverage
Carter Bankshares has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.68% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Carter Bankshares has recently increased by 25.08%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Carter Bankshares does not currently pay a dividend.
Dividend Growth
Carter Bankshares does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CARE.

1.9

News and Social Media Coverage

News Sentiment
Carter Bankshares has a news sentiment score of 0.36. 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 lower news sentiment than the 0.76 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Carter Bankshares this week, compared to 2 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carter Bankshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $24,798.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.23% of the stock of Carter Bankshares is held by insiders.
Percentage Held by Institutions
40.55% of the stock of Carter Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Carter Bankshares are expected to grow by 64.06% in the coming year, from $1.28 to $2.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carter Bankshares is 5.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carter Bankshares is 5.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 85.78.
Price to Book Value per Share Ratio
Carter Bankshares has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Carter Bankshares (NASDAQ:CARE) Stock

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 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 residential mortgages; real estate construction, acquisition, commercial, and industrial loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll, and social security checks; online banking products, including online and mobile banking, online account opening, bill pay, e-statement, mobile deposit, digital wallet, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

CARE Price History

30 days | 90 days | 365 days | Advanced Chart

CARE Stock News Headlines

September 27, 2023 | americanbankingnews.com

First Bancorp (NASDAQ:FNLC) versus Carter Bankshares (NASDAQ:CARE) Financial Comparison

September 20, 2023 | msn.com

Jimmy and Rosalyn Carter receive lifetime achievment award from Gates Foundation

September 27, 2023 | Edge On The Street (Ad)

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September 19, 2023 | bizjournals.com

The Carter Center CEO Paige Alexander is ‘taking on hard problems in hard places’ (Podcast)

September 17, 2023 | health.usnews.com

Katy Graves Carter

September 16, 2023 | msn.com

Jimmy Carter, Rosalynn ‘coming to the end,’ grandson says

September 16, 2023 | msn.com

Jimmy and Rosalynn Carter are 'coming to the end' but together and 'in love,' their grandson shares

September 15, 2023 | msn.com

Unexpected Months in Hospice Have Been 'Meaningful' to Jimmy Carter as He 'Comes to the End,' Grandson Says

September 27, 2023 | Edge On The Street (Ad)

Is Gold Really Boring?

September 15, 2023 | msn.com

Here's how to wish President Jimmy Carter a Happy 99th Birthday!

September 14, 2023 | finance.yahoo.com

Should You Be Adding Carter Bankshares (NASDAQ:CARE) To Your Watchlist Today?

September 14, 2023 | finance.yahoo.com

Director Edward Matthews Buys 1,700 Shares of Carter Bankshares Inc

September 7, 2023 | news.yahoo.com

President Jimmy Carter Reaches Six Months On Hospice Care

September 7, 2023 | msn.com

Carter Center, 12 other presidential orgs renew commitment to 'fundamental principles of democracy'

September 6, 2023 | detroitnews.com

Webber: State must investigate Hawthorn Center failings

August 29, 2023 | finanznachrichten.de

Carter Bankshares, Inc.: Carter Bank Expands Partnership With The Liberty Flames

August 29, 2023 | finance.yahoo.com

Carter Bank Expands Partnership With The Liberty Flames

August 21, 2023 | foxnews.com

Rosalynn Carter celebrates 96th birthday with husband Jimmy Carter, peanut butter ice cream and butterflies

August 18, 2023 | msn.com

Rosalynn Carter marks 96th birthday at home with the former president, butterflies and ice cream

August 17, 2023 | msn.com

This Is How Jimmy Carter Hopes To Be Remembered

August 14, 2023 | bizjournals.com

Sotheby's to auction Carter Hall, an 87-acre Virginia estate and former home of Project HOPE

August 12, 2023 | msn.com

Angel Carter Admits Aaron’s Death Was An ‘Out Of Body Experience’ & Reveals What She Did With His Ashes

August 9, 2023 | yahoo.com

Jimmy Carter's Grandson Gives Health Update: "He Is Really Sick"

August 9, 2023 | msn.com

Jimmy Carter is trying to 'keep busy' in hospice care, grandson says

August 1, 2023 | finance.yahoo.com

Analysts Just Made A Major Revision To Their Carter Bankshares, Inc. (NASDAQ:CARE) Revenue Forecasts

July 27, 2023 | msn.com

Carter Bankshares, Inc. (CARE) Lags Q2 Earnings and Revenue Estimates

July 21, 2023 | msn.com

How Jimmy Carter has changed the conversation around hospice

See More Headlines

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CARE Company Calendar

Last Earnings: 7/27/2023
Today: 9/27/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CARE
CUSIP: N/A
CIK: 1829576
Web: www.carterbankandtrust.com
Phone: (276) 656-1776
Fax: N/A
Employees: 667
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: +42.6%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.15
Trailing P/E Ratio: 5.93
Forward P/E Ratio: 9.95
P/E Growth: N/A
Net Income: $49.82 million
Net Margins: 24.99%
Pretax Margin: 31.00%
Return on Equity: 15.18%
Return on Assets: 1.19%

Debt

Debt-to-Equity Ratio: 1.18
Current Ratio: 0.92
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $181.90 million
Price / Sales: 1.63
Cash Flow: $2.48 per share
Price / Cash Flow: 5.13
Book Value: $13.63 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 23,330,000
Free Float: 22,810,000
Market Cap: $297.22 million
Optionable: Not Optionable
Beta: 0.89

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Key Executives

Mr. Litz H. Van Dyke (Age 59)
CEO & Director
Comp: $1.03M

Ms. Phyllis Q. Karavatakis (Age 67)
Vice Chairman

Ms. Wendy S. Bell (Age 59)
Chief Financial Officer
Comp: $603.61k

Mr. A. Loran Adams (Age 62)
Exec. VP & Director of Regulatory Risk Management

Joyce A. Parker
Sec.

Misty Powell
Assistant VP

Bill Hubble
VP and Managing Officer of Blacksburg Office

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CARE Stock - Frequently Asked Questions

Should I buy or sell Carter Bankshares stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carter Bankshares in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 analysts have issued 12-month price objectives for Carter Bankshares' shares. Their CARE share price forecasts range from $17.00 to $19.00. On average, they expect the company's share price to reach $18.17 in the next twelve months. This suggests a possible upside of 42.6% 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 on January 1st, 2023. Since then, CARE shares have decreased by 23.2% and is now trading at $12.74.
View the best growth stocks for 2023 here.
When is Carter Bankshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CARE earnings forecast.
How were Carter Bankshares' earnings last quarter?: Carter Bankshares, Inc. (NASDAQ:CARE) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.38. The company had revenue of $31.74 million for the quarter, compared to analysts' expectations of $44.96 million. Carter Bankshares had a trailing twelve-month return on equity of 15.18% and a net margin of 24.99%.
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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.13%), Alliancebernstein L.P. (5.51%), Dimensional Fund Advisors LP (2.32%), State Street Corp (2.00%), Geode Capital Management LLC (1.97%) and Kennedy Capital Management LLC (0.41%). Insiders that own company stock include Arthur Loran Adams, Bradford N Langs, Catharine L Midkiff, Curtis E Stephens, Dyke Litz H Van, Edward Warren Matthews, 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 $12.74.
How much money does Carter Bankshares make?: Carter Bankshares (NASDAQ:CARE) has a market capitalization of $297.22 million and generates $181.90 million in revenue each year. The company earns $49.82 million in net income (profit) each year or $2.15 on an earnings per share basis.
How many employees does Carter Bankshares have?: The company employs 667 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 9/27/2023 by MarketBeat.com Staff

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