NASDAQ:CARECarter Bank and Trust Stock Price, Forecast & News

Carter Bank and Trust's 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 stock has decreased by 46.0% and is now trading at $7.25. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carter Bank and Trust in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Carter Bank and Trust.

Carter Bank and Trust (NASDAQ:CARE) announced its quarterly earnings results on Thursday, April, 25th. The company reported $0.29 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.10 by $0.19. The business had revenue of $31.70 million for the quarter, compared to the consensus estimate of $34.03 million. View Carter Bank and Trust's earnings history.

Carter Bank and Trust announced a dividend on Wednesday, February 12th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.14 per share on Tuesday, March 3rd. The ex-dividend date of this dividend is Friday, February 14th. View Carter Bank and Trust's dividend history.

3 equities research analysts have issued twelve-month price targets for Carter Bank and Trust's shares. Their forecasts range from $10.50 to $13.00. On average, they expect Carter Bank and Trust's share price to reach $11.75 in the next twelve months. This suggests a possible upside of 62.1% from the stock's current price. View analysts' price targets for Carter Bank and Trust.

Media stories about CARE stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Carter Bank and Trust earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Carter Bank and Trust.

Carter Bank and Trust saw a decline in short interest in June. As of June 30th, there was short interest totaling 160,900 shares, a decline of 14.4% from the June 15th total of 188,000 shares. Based on an average daily volume of 100,900 shares, the short-interest ratio is currently 1.6 days. Currently, 0.7% of the shares of the company are short sold. View Carter Bank and Trust's Current Options Chain.

Some companies that are related to Carter Bank and Trust include German American Bancorp. (GABC), Enterprise Financial Services (EFSC), FB Financial (FBK), Great Western Bancorp (GWB), First Foundation (FFWM), OFG Bancorp (OFG), First Bancorp (FBNC), Republic Bancorp, Inc. KY (RBCAA), First National Bank Alaska (FBAK), Preferred Bank (PFBC), TrustCo Bank Corp NY (TRST), ConnectOne Bancorp (CNOB), Live Oak Bancshares (LOB), Triumph Bancorp (TBK) and Community Trust Bancorp (CTBI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carter Bank and Trust investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), Carnival (CCL), Las Vegas Sands (LVS), NVIDIA (NVDA), Verizon Communications (VZ), AbbVie (ABBV), Air Lease (AL), Walt Disney (DIS) and General Motors (GM).

Carter Bank and Trust trades on the NASDAQ under the ticker symbol "CARE."

Carter Bank and Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Eidelman Virant Capital (0.15%) and Fourthstone LLC (0.04%).

CARE stock was acquired by a variety of institutional investors in the last quarter, including Eidelman Virant Capital, and Fourthstone LLC.

Shares of CARE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CARE stock can currently be purchased for approximately $7.25.

Carter Bank and Trust has a market capitalization of $190.73 million and generates $169.01 million in revenue each year. Carter Bank and Trust employs 992 workers across the globe.

The official website for Carter Bank and Trust is www.carterbankandtrust.com.

Carter Bank and Trust's 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]