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NASDAQ:CARE

Carter Bankshares - CARE Stock Forecast, Price & News

$16.98
+0.14 (+0.83%)
(As of 08/17/2022 03:27 PM ET)
Add
Compare
Today's Range
$16.70
$17.11
50-Day Range
$13.01
$16.78
52-Week Range
$11.50
$17.99
Volume
1,687 shs
Average Volume
41,208 shs
Market Capitalization
$417.37 million
P/E Ratio
11.87
Dividend Yield
N/A
Price Target
$15.00

Carter Bankshares MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
11.7% Downside
$15.00 Price Target
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.91mentions of Carter Bankshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$5,734 Bought Last Quarter
Proj. Earnings Growth
17.58%
From $1.82 to $2.14 Per Share

Overall MarketRank

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

2.02 out of 5 stars

Finance Sector

689th out of 932 stocks

National Commercial Banks Industry

76th out of 89 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.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised shares of Carter Bankshares from a "market perform" rating to an "outperform" rating and set a $16.00 target price for the company in a report on Thursday, July 7th.

Carter Bankshares Price Performance

Shares of NASDAQ:CARE traded up $0.15 during trading on Wednesday, hitting $16.99. 1,459 shares of the company's stock were exchanged, compared to its average volume of 41,208. The business's 50-day simple moving average is $14.08 and its 200 day simple moving average is $15.40. The company has a market cap of $417.61 million, a price-to-earnings ratio of 11.78 and a beta of 1.10. Carter Bankshares has a 52-week low of $11.50 and a 52-week high of $17.99.

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CARE Stock News Headlines

Carter Bankshares, Inc. (CARE)
Carter Bank & Trust Set To Expand Into Charlotte
Carter Bankshares, Inc. Common Stock (CARE)
See More Headlines
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CARE Company Calendar

Last Earnings
10/31/2021
Today
8/17/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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
$15.00
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
-11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$31.46 million
Pretax Margin
26.25%

Debt

Sales & Book Value

Annual Sales
$162.78 million
Cash Flow
$3.87 per share
Book Value
$13.60 per share

Miscellaneous

Free Float
24,095,000
Market Cap
$417.37 million
Optionable
Not Optionable
Beta
1.10

Key Executives

  • Mr. Litz H. Van Dyke (Age 58)
    CEO & Director
    Comp: $904.66k
  • Ms. Phyllis Q. Karavatakis (Age 66)
    Vice Chairman
  • Ms. 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 equities 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 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 2022?

3 brokers have issued 12 month target prices for Carter Bankshares' shares. Their CARE share price forecasts range from $12.00 to $17.00. On average, they predict the company's share price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 10.9%.
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 stock has increased by 9.4% and is now trading at $16.84.
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, October 27th 2022.
View our CARE earnings forecast
.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) issued its quarterly earnings data on Sunday, October, 31st. The company reported $0.42 earnings per share 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 9.74% and a net margin of 22.89%.

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 State Street Corp (1.96%), Northern Trust Corp (0.82%), Renaissance Technologies LLC (0.47%), Martingale Asset Management L P (0.31%), Millennium Management LLC (0.30%) and Maltese Capital Management LLC (0.19%). 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, 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 $16.84.

How much money does Carter Bankshares make?

Carter Bankshares (NASDAQ:CARE) has a market capitalization of $413.93 million and generates $162.78 million in revenue each year. The company earns $31.46 million in net income (profit) each year or $1.43 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 8/17/2022 by MarketBeat.com Staff

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