NASDAQ:CARE

Carter Bankshares Stock Forecast, Price & News

$11.52

-0.46 (-3.84 %)

(As of 01/20/2021 12:00 AM ET)

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Today's Range

$11.46

Now: $11.52▼

$11.96

50-Day Range

$9.55

MA: $10.76▼

$12.02

52-Week Range

$6.30

Now: $11.52▼

$21.02

Volume48,789 shs

Average Volume50,224 shs

Market Capitalization$303.07 million

P/E RatioN/A

Dividend YieldN/A

Beta1.52

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, and personal investment; real estate construction and acquisition loans; and home equity lines of credit, 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, mobile banking, debit cards, e-statements, and automated drafts for various accounts; insurance products; and treasury services. As of November 23, 2020, the company had 92 branches in Virginia and North Carolina. The company was founded in 1974 and is headquartered in Martinsville, Virginia.

Overall MarketRank^™

1.41 out of 5 stars

Finance Sector

760th out of 1,939 stocks

State Commercial Banks Industry

166th out of 310 stocks

2.3 Analyst's Opinion

Consensus Rating
Carter Bankshares has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.25, Carter Bankshares has a forecasted upside of 15.0% from its current price of $11.52.
Amount of Analyst Coverage
Carter Bankshares has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
Carter Bankshares has received 20 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Carter Bankshares has received 36 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Carter Bankshares has received 64.29% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Carter Bankshares and other stocks. Vote “Outperform” if you believe CARE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CARE will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.7 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 $287.00 in company stock and sold $0.00 in company stock.
Percentage Held by Institutions
Only 30.97% of the stock of Carter Bankshares is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Carter Bankshares are expected to grow by 11.11% in the coming year, from $0.45 to $0.50 per share.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:CARE

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.carterbankandtrust.com

Phone276-656-1776

Employees977

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$169.01 million

Price / Sales1.79

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares26,308,000

Market Cap$303.07 million

Next Earnings DateN/A

OptionableNot Optionable

$11.52

-0.46 (-3.84 %)

(As of 01/20/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Carter Bankshares (NASDAQ:CARE) Frequently Asked Questions

How has Carter Bankshares' stock price been impacted by COVID-19?

Carter Bankshares' stock was trading at $13.42 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CARE shares have decreased by 14.2% and is now trading at $11.52.
View which stocks have been most impacted by COVID-19.

Is Carter Bankshares a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carter Bankshares in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Carter Bankshares stock.
View analyst ratings for Carter Bankshares or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Carter Bankshares?

Wall Street analysts have given Carter Bankshares a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Carter Bankshares wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as Carter Bankshares' CEO?

1,428 employees have rated Carter Bankshares CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among Carter Bankshares' employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) posted its quarterly earnings data on Thursday, July, 23rd. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.09 by $0.07.
View Carter Bankshares' earnings history.

How often does Carter Bankshares pay dividends? What is the dividend yield for Carter Bankshares?

Carter Bankshares declared a dividend on Wednesday, February 12th. Investors of record on Tuesday, February 18th will be given a dividend of $0.14 per share on Tuesday, March 3rd. The ex-dividend date is Friday, February 14th.
View Carter Bankshares' dividend history.

What price target have analysts set for CARE?

3 brokers have issued 12 month price objectives for Carter Bankshares' shares. Their forecasts range from $13.25 to $13.25. On average, they anticipate Carter Bankshares' stock price to reach $13.25 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
View analysts' price targets for Carter Bankshares or view Wall Street analyst' top-rated stocks.

Who are some of Carter Bankshares' key competitors?

Some companies that are related to Carter Bankshares include TriCo Bancshares (TCBK), Tompkins Financial (TMP), S&T Bancorp (STBA), Southside Bancshares (SBSI), 1st Source (SRCE), Boston Private Financial (BPFH), First Bancorp (FBNC), OFG Bancorp (OFG), Enterprise Financial Services (EFSC), Premier Financial (PFC), Stock Yards Bancorp (SYBT), First Foundation (FFWM), German American Bancorp (GABC), Merchants Bancorp (MBIN) and ConnectOne Bancorp (CNOB).
View all of CARE's competitors.

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).

Who are Carter Bankshares' key executives?

Carter Bankshares' management team includes the following people:

Mr. Litz H. Van Dyke, CEO & Director (Age 57, Pay $798.99k)
Ms. Phyllis Q. Karavatakis, Director (Age 65, Pay $484.8k)
Mr. Bradford N. Langs, Pres & Chief Strategy Officer (Age 55, Pay $485.66k)
Ms. Wendy S. Bell, Chief Financial Officer (Age 57, Pay $506.58k)
Mr. Matthew M. Speare, Exec. VP & Chief Information Officer (Age 54, Pay $451.29k)
Ms. Jane Ann Davis, Exec. VP & Chief Admin. Officer (Age 58)
Mr. John Richard Spiker II, Exec. VP & Chief Lending Officer (Age 54)
Mr. Tony E. Kallsen, Exec. VP & Chief Credit Officer (Age 53)
Mr. A. Loran Adams, Exec. VP & Director of Regulatory Risk Management (Age 60)
Ms. Tami M. Buttrey, Exec. VP, Chief Retail Banking Officer & Director of Delivery Channel Optimization

What is Carter Bankshares' stock symbol?

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

How do I buy shares of Carter Bankshares?

Shares of CARE 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.

What is Carter Bankshares' stock price today?

One share of CARE stock can currently be purchased for approximately $11.52.

How big of a company is Carter Bankshares?

Carter Bankshares has a market capitalization of $303.07 million and generates $169.01 million in revenue each year. Carter Bankshares employs 977 workers across the globe.

What is Carter Bankshares' official website?

The official website for Carter Bankshares is www.carterbankandtrust.com.

How can I contact Carter Bankshares?

Carter Bankshares' mailing address is 1300 Kings Mountain Road, Martinsville VA, 24112. The company can be reached via phone at 276-656-1776 or via email at [email protected]

This page was last updated on 1/21/2021 by MarketBeat.com Staff

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