Happy Thanksgiving! Save 50% on Your MarketBeat All Access Subscription.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
THE BEST BLACK FRIDAY DEAL YET (Ad)
On outskirts of Doha, laborers watch World Cup they built
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
Railway workers in Austria to strike Monday in pay standoff
Airbnb has a plan to fix cleaning fees
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
THE BEST BLACK FRIDAY DEAL YET (Ad)
On outskirts of Doha, laborers watch World Cup they built
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
Railway workers in Austria to strike Monday in pay standoff
Airbnb has a plan to fix cleaning fees
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
THE BEST BLACK FRIDAY DEAL YET (Ad)
On outskirts of Doha, laborers watch World Cup they built
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
Railway workers in Austria to strike Monday in pay standoff
Airbnb has a plan to fix cleaning fees
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
THE BEST BLACK FRIDAY DEAL YET (Ad)
On outskirts of Doha, laborers watch World Cup they built
Whole Foods decision to pull lobster divides enviros, pols
See how to make money instead of spending it on Black Friday with this offer (Ad)
Railway workers in Austria to strike Monday in pay standoff
Airbnb has a plan to fix cleaning fees
NASDAQ:CARE

Carter Bankshares - CARE Stock Forecast, Price & News

$18.32
+0.07 (+0.38%)
(As of 11/25/2022 04:00 PM ET)
Add
Compare
Today's Range
$18.25
$18.36
50-Day Range
$16.10
$18.60
52-Week Range
$12.58
$18.83
Volume
11,012 shs
Average Volume
57,790 shs
Market Capitalization
$441.70 million
P/E Ratio
11.45
Dividend Yield
N/A
Price Target
$17.17

Carter Bankshares MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
6.3% Downside
$17.17 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of Carter Bankshares in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$18,260 Sold Last Quarter
Proj. Earnings Growth
22.84%
From $1.97 to $2.42 Per Share

Overall MarketRank

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

2.18 out of 5 stars

Finance Sector

548th out of 892 stocks

National Commercial Banks Industry

61st out of 88 stocks

CARE stock logo

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. 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 and acquisition 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, bill pay, online account opening, mobile deposit, mobile banking, debit cards, e-statements, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. It operates through 69 branches in Virginia and North Carolina. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

Receive CARE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Carter Bankshares and its competitors with MarketBeat's FREE daily newsletter.

CARE Stock News Headlines

Synchrony (SYF), Dutch Unveil Advanced Pet Insurance Plan
See how to make money instead of spending it on Black Friday with this offer
Ph.D. Economist and Investor Nomi Prins is releasing details on her next stunning prediction… It involves “liquid energy” that is promising to trigger an energy revolution 117x bigger than all of the hottest tech trends combined. Even the world’s richest billionaires are investing in the tiny company behind it. And today, you can get in on this cutting-edge financial research at an incredible price tailor-made for Black Friday.
Recap: Carter Bankshares Q3 Earnings
THE BEST BLACK FRIDAY DEAL YET
This Black Friday, you can save 95% off of a 1-year membership to Brad Thomas’s Intelligent Income Investor. This service is geared toward helping you collect the safest dividend income in the market. It all starts with Brad’s “SWAN” portfolio, of the 10 best companies to own through any market.
Carter's Viewpoint: The urgency of one Pittsburgh now
See More Headlines
Receive CARE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Carter Bankshares and its competitors with MarketBeat's FREE daily newsletter.

CARE Company Calendar

Last Earnings
10/31/2021
Today
11/27/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/26/2023

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
$17.17
High Stock Price Forecast
$18.50
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
-6.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$31.46 million
Pretax Margin
29.74%

Debt

Sales & Book Value

Annual Sales
$162.78 million
Cash Flow
$3.82 per share
Book Value
$13.06 per share

Miscellaneous

Free Float
23,637,000
Market Cap
$441.70 million
Optionable
Not Optionable
Beta
0.96

Key Executives

  • Mr. Litz H. Van Dyke (Age 58)
    CEO & Director
    Comp: $904.66k
  • Ms. Phyllis Q. KaravatakisMs. Phyllis Q. Karavatakis (Age 66)
    Vice Chairman
  • Ms. Wendy S. BellMs. Wendy S. Bell (Age 58)
    Chief Financial Officer
    Comp: $563.6k
  • Mr. Matthew M. Speare (Age 55)
    Exec. VP & Chief Information Officer
    Comp: $489.83k
  • Mr. Tony E. Kallsen (Age 54)
    Exec. VP & Chief Credit Officer
    Comp: $454.37k
  • Ms. Jane Ann Davis (Age 59)
    Exec. VP & Chief Admin. Officer
  • Mr. John Richard Spiker II (Age 55)
    Exec. VP & Chief Lending Officer
  • Mr. A. Loran Adams (Age 61)
    Exec. VP & Director of Regulatory Risk Management
  • Ms. Tami M. Buttrey
    Exec. VP, Chief Retail Banking Officer & Director of Delivery Channel Optimization
  • Joyce A. Parker
    Sec.













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 twelve months. 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 Wall Street analysts have issued 1-year target prices for Carter Bankshares' shares. Their CARE share price forecasts range from $16.00 to $18.50. On average, they expect the company's stock price to reach $17.17 in the next twelve months. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for CARE
or view top-rated stocks among Wall Street analysts.

How have CARE shares performed in 2022?

Carter Bankshares' stock was trading at $15.39 at the beginning of the year. Since then, CARE shares have increased by 19.0% and is now trading at $18.32.
View the best growth stocks for 2022 here
.

When is Carter Bankshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our CARE earnings forecast
.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) released its quarterly earnings data on Sunday, October, 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.14. The company earned $36.32 million during the quarter, compared to analysts' expectations of $33.43 million. Carter Bankshares had a trailing twelve-month return on equity of 11.28% and a net margin of 24.05%.

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.67%), Alliancebernstein L.P. (5.90%), Vanguard Group Inc. (4.91%), State Street Corp (1.97%), Dimensional Fund Advisors LP (1.57%) and Hillsdale Investment Management Inc. (0.70%). Insiders that own company stock include Arthur Loran Adams, Bradford N Langs, Curtis E Stephens, Dyke Litz H Van, Elizabeth L Walsh, Gregory W Feldmann, James W Haskins, 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 $18.32.

How much money does Carter Bankshares make?

Carter Bankshares (NASDAQ:CARE) has a market capitalization of $441.70 million and generates $162.78 million in revenue each year. The company earns $31.46 million in net income (profit) each year or $1.60 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 11/27/2022 by MarketBeat.com Staff