NASDAQ:CARE Carter Bankshares (CARE) Stock Forecast, Price & News $14.10 -0.23 (-1.61%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$14.01▼$14.2450-Day Range$12.74▼$14.4452-Week Range$12.35▼$18.83Volume55,545 shsAverage Volume53,977 shsMarket Capitalization$337.55 millionP/E Ratio6.00Dividend YieldN/APrice Target$18.17 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Carter Bankshares MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside28.8% Upside$18.17 Price TargetShort InterestHealthy0.79% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.23Based on 8 Articles This WeekInsider TradingAcquiring Shares$30,597 Bought Last QuarterProj. Earnings Growth-14.88%From $2.42 to $2.06 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.19 out of 5 starsFinance Sector638th out of 901 stocksNational Commercial Banks Industry73rd out of 85 stocks 3.2 Analyst's Opinion Consensus RatingCarter 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/DownsideAccording to analysts' consensus price target of $18.17, Carter Bankshares has a forecasted upside of 28.8% from its current price of $14.10.Amount of Analyst CoverageCarter Bankshares has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.79% of the float of Carter Bankshares has been sold short.Short Interest Ratio / Days to CoverCarter Bankshares has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Carter Bankshares has recently increased by 7.27%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCarter Bankshares does not currently pay a dividend.Dividend GrowthCarter Bankshares does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CARE. Previous Next 1.8 News and Social Media Coverage News SentimentCarter Bankshares has a news sentiment score of 0.23. 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 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Carter Bankshares this week, compared to 2 articles on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carter Bankshares insiders have bought 130.40% more of their company's stock than they have sold. Specifically, they have bought $30,597.00 in company stock and sold $13,280.00 in company stock.Percentage Held by InsidersOnly 1.96% of the stock of Carter Bankshares is held by insiders.Percentage Held by InstitutionsOnly 37.29% of the stock of Carter Bankshares is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Carter Bankshares are expected to decrease by -14.88% in the coming year, from $2.42 to $2.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carter Bankshares is 6.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Carter Bankshares is 6.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.83.Price to Book Value per Share RatioCarter Bankshares has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Carter Bankshares (NASDAQ:CARE) StockCarter Bankshares, Inc. is a holding company, which engages in the provision of retail and commercial financial products and services and insurance products. The company was founded by Worth Harris Carter, Jr. in 1974 and is headquartered in Martinsville, VA.Read More 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. Email Address CARE Stock News HeadlinesMay 31, 2023 | msn.comCarter family confirms a dementia diagnosis for former first lady Rosalynn CarterMay 31, 2023 | msn.comRosalynn Carter diagnosed with dementiaJune 1, 2023 | Legacy Research (Affiliate) (Ad)“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin$100 is all you need… Former Goldman Sachs managing director Dr. Nomi Prins has identified an investment she’s calling ‘the world’s hardest asset’ – and she’s recommending it to friends, family, and followers.May 31, 2023 | msn.comJimmy Carter's Wife Rosalynn Carter Diagnosed With Dementia as He Remains in Hospice CareMay 30, 2023 | msn.comRosalynn Carter diagnosed with dementia, according to Carter CenterMay 30, 2023 | msn.comRosalynn Carter’s Health: Her Battle With Dementia & How She’s Doing NowMay 27, 2023 | americanbankingnews.comCarter Bankshares (NASDAQ:CARE) vs. Park National (NYSE:PRK) Head-To-Head ComparisonMay 25, 2023 | finance.yahoo.comCARE - Carter Bankshares, Inc.June 1, 2023 | Legacy Research (Affiliate) (Ad)“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin$100 is all you need… Former Goldman Sachs managing director Dr. Nomi Prins has identified an investment she’s calling ‘the world’s hardest asset’ – and she’s recommending it to friends, family, and followers.May 24, 2023 | yahoo.comJimmy Carter’s Grandson Gives Update on Former President, 98, 3 Months After He Entered Hospice CareMay 24, 2023 | cbsnews.comJimmy Carter's grandson says "he's going to be 99 in October" despite entering hospice careMay 23, 2023 | msn.comJimmy Carter, who has been in hospice care for three months, is aware of tributesMay 23, 2023 | msn.comJimmy Carter’s grandson provides update 3 months after ex-president enters hospiceMay 9, 2023 | americanbankingnews.comCarter Bankshares, Inc. (NASDAQ:CARE) Forecasted to Post Q2 2023 Earnings of $0.60 Per ShareMay 4, 2023 | americanbankingnews.comJames W. Haskins Sells 1,000 Shares of Carter Bankshares, Inc. (NASDAQ:CARE) StockMay 3, 2023 | americanbankingnews.comCarter Bankshares, Inc. (NASDAQ:CARE) CEO Purchases $29,304.00 in StockMay 1, 2023 | americanbankingnews.comCarter Bankshares (NASDAQ:CARE) Upgraded to Outperform at Raymond JamesApril 19, 2023 | news.yahoo.comAaron Carter's Cause of Death RevealedApril 17, 2023 | msn.comWhy Carter Bankshares, Inc. (CARE) Could Beat Earnings Estimates AgainApril 15, 2023 | americanbankingnews.comReviewing Carter Bankshares (NASDAQ:CARE) & BancFirst (NASDAQ:BANF)April 13, 2023 | msn.comBackstreet Boys singer Nick Carter sued again for alleged 2003 sexual assault and batteryApril 13, 2023 | yahoo.comBackstreet Boys star Nick Carter sued for alleged sexual assaultApril 11, 2023 | health.usnews.comSindy CarterApril 11, 2023 | msn.comTravels with Charlie: a visit to Jimmy Carter's boyhood homeApril 7, 2023 | americanbankingnews.comCarter Bankshares (NASDAQ:CARE) Coverage Initiated by Analysts at Raymond JamesApril 4, 2023 | msn.comAaron Carter's Mom Shares Graphic Photos of the Bathroom Where He Was Found as She Calls on the PoliceMarch 27, 2023 | msn.comWhen President Carter visited Bangor, the Murray family opened their doors to an unforgettable experienceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address CARE Company Calendar Last Earnings10/31/2021Today5/31/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry National commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:CARE CUSIPN/A CIK1829576 Webwww.carterbankandtrust.com Phone(276) 656-1776FaxN/AEmployees731Year FoundedN/APrice Target and Rating Average Stock Price Forecast$18.17 High Stock Price Forecast$19.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+28.8%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.35 Trailing P/E Ratio6.00 Forward P/E Ratio5.83 P/E GrowthN/ANet Income$49.82 million Net Margins28.29% Pretax Margin35.35% Return on Equity16.79% Return on Assets1.33% Debt Debt-to-Equity Ratio1.23 Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$181.90 million Price / Sales1.86 Cash Flow$2.48 per share Price / Cash Flow5.69 Book Value$14.82 per share Price / Book0.95Miscellaneous Outstanding Shares23,940,000Free Float23,474,000Market Cap$337.55 million OptionableNot Optionable Beta0.90 Key ExecutivesLitz H. van DykeChief Executive Officer & DirectorBradford N. LangsPresident & Chief Strategy OfficerMatthew M. SpeareChief Operating Officer & Senior EVPWendy S. BellChief Financial Officer & Senior Executive VPJohn Richard SpikerChief Lending Officer & Senior Executive VPKey CompetitorsAlerus FinancialNASDAQ:ALRSArrow FinancialNASDAQ:AROWSmartFinancialNASDAQ:SMBKNewtekOneNASDAQ:NEWTGuaranty BancsharesNASDAQ:GNTYView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 5,728 shares on 5/22/2023Ownership: 0.073%JPMorgan Chase & Co.Sold 1,744 shares on 5/18/2023Ownership: 0.080%State Street CorpBought 4,809 shares on 5/16/2023Ownership: 1.977%First Trust Advisors LPSold 3,141 shares on 5/16/2023Ownership: 0.317%First Manhattan CO. LLC.Bought 5,000 shares on 5/16/2023Ownership: 0.280%View All Insider TransactionsView All Institutional Transactions 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 year. 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 research analysts have issued twelve-month price objectives for Carter Bankshares' stock. Their CARE share price forecasts range from $17.00 to $19.00. On average, they anticipate the company's stock price to reach $18.17 in the next year. This suggests a possible upside of 28.8% 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 at the beginning of the year. Since then, CARE stock has decreased by 15.0% and is now trading at $14.10. View the best growth stocks for 2023 here. Are investors shorting Carter Bankshares? Carter Bankshares saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 186,000 shares, an increase of 7.3% from the April 30th total of 173,400 shares. Based on an average daily volume of 58,600 shares, the short-interest ratio is presently 3.2 days. Currently, 0.8% of the company's stock are sold short. View Carter Bankshares' Short Interest. When is Carter Bankshares' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our CARE earnings forecast. How were Carter Bankshares' earnings last quarter? Carter Bankshares, Inc. (NASDAQ:CARE) released its quarterly earnings results on Sunday, October, 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. The company had revenue of $36.32 million for the quarter, compared to the consensus estimate of $33.43 million. Carter Bankshares had a trailing twelve-month return on equity of 16.79% and a net margin of 28.29%. What ETFs hold Carter Bankshares' stock? ETFs with the largest weight of Carter Bankshares (NASDAQ:CARE) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco DWA SmallCap Momentum ETF (DWAS), First Trust NASDAQ ABA Community Bank Index Fund (QABA), 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. (6.86%), State Street Corp (1.98%), Dimensional Fund Advisors LP (1.91%), Geode Capital Management LLC (1.88%), Huber Capital Management LLC (1.84%) and Petiole USA ltd (1.74%). Insiders that own company stock include Arthur Loran Adams, Bradford N Langs, Catharine L Midkiff, Curtis E Stephens, Dyke Litz H Van, 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 $14.10. How much money does Carter Bankshares make? Carter Bankshares (NASDAQ:CARE) has a market capitalization of $337.55 million and generates $181.90 million in revenue each year. The company earns $49.82 million in net income (profit) each year or $2.35 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Carter Bankshares, Inc. 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