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: $33.40 to $34.65
• 50-Day Range: $26.84 to $34.59
• 52-Week Range: $16.78 to $35.14
• Volume: 478,164 shs
• Average Volume: 358,966 shs
• Market Capitalization: $768.37 million
• P/E Ratio: 5.95
• Dividend Yield: 1.16%
• Price Target: $30.75
• Consensus Rating: Hold

Carter Bankshares Stock Analysis - MarketRank™

Carter Bankshares scored higher than 73% of companies evaluated by MarketBeat, and ranked 377th out of 853 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: 1.9 / 5
• Analyst Rating: Hold

Consensus Rating

Carter Bankshares has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on no strong buy ratings, 1 buy rating, 4 hold ratings, and no sell ratings.

Downside Risk

Carter Bankshares has a consensus price target of $30.75, representing about 11.1% downside from its current price of $34.58.

Amount of Analyst Coverage

Carter Bankshares has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 23.76%

Earnings Growth

Earnings for Carter Bankshares are expected to grow by 23.76% in the coming year, from $2.02 to $2.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carter Bankshares is 5.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 46.01.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carter Bankshares is 5.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.67.

Price to Book Value per Share Ratio

Carter Bankshares has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.59% 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 5.38.

Change versus previous month

Short interest in Carter Bankshares has recently decreased by 2.92%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Carter Bankshares pays a meaningful dividend of 1.16%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Carter Bankshares is 6.88%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Carter Bankshares will have a dividend payout ratio of 16.00% next year. This indicates that Carter Bankshares will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.24

News Sentiment

Carter Bankshares has a news sentiment score of 0.24. 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 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Carter Bankshares this week, compared to 2 articles on an average week.

Search Interest

4 people have searched for CARE on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Carter Bankshares to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.0 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Carter Bankshares insiders have sold 136.80% more of their company's stock than they have bought. Specifically, they have bought $119,865.00 in company stock and sold $283,835.00 in company stock.

Percentage Held by Insiders

2.38% 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.

Company Calendar

• Record date for 5/25 Dividend: 5/11/2026
• Ex-Dividend for 5/25 Dividend: 5/11/2026
• Dividend Payable: 5/25/2026
• Last Earnings: 7/23/2026
• Today: 8/01/2026
• Record date for 8/24 Dividend: 8/10/2026
• Ex-Dividend for 8/24 Dividend: 8/10/2026
• Dividend Payable: 8/24/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Banks
• Sub-Industry: Regional Banks
• 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: $30.75
• High Price Target: $34.50
• Low Price Target: $27.00
• Potential Upside/Downside: -11.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.81
• Trailing P/E Ratio: 5.95
• Forward P/E Ratio: 17.12
• P/E Growth: N/A
• Net Income: $31 million
• Net Margins: 36.79%
• Pretax Margin: 43.15%
• Return on Equity: 7.85%
• Return on Assets: 0.72%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $254.63 million
• Price / Sales: 3.02
• Cash Flow: $1.95 per share
• Price / Cash Flow: 17.76
• Book Value: $19.00 per share
• Price / Book: 1.82

Miscellaneous

• Outstanding Shares: 22,220,000
• Free Float: 21,693,000
• Market Cap: $768.37 million
• Optionable: Optionable
• Beta: 0.51