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. Since then, CARE shares have decreased by 39.8% and is now trading at $8.08. 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 is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Carter Bank and Trust.

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

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

3 brokerages have issued 1 year price targets for Carter Bank and Trust's stock. 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 year. This suggests a possible upside of 45.4% from the stock's current price. View analysts' price targets for Carter Bank and Trust.

News coverage about CARE stock has trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Carter Bank and Trust earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news aboutCarter Bank and Trust.

Carter Bank and Trust saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 208,000 shares, a drop of 7.3% from the April 30th total of 224,500 shares. Based on an average trading volume of 79,300 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.9% of the shares of the stock are sold short. View Carter Bank and Trust's Current Options Chain.

Some companies that are related to Carter Bank and Trust include Enterprise Financial Services (EFSC), Stock Yards Bancorp (SYBT), FB Financial (FBK), First Bancorp (FBNC), Republic Bancorp, Inc. KY (RBCAA), OFG Bancorp (OFG), First National Bank Alaska (FBAK), First Foundation (FFWM), TrustCo Bank Corp NY (TRST), Triumph Bancorp (TBK), Community Trust Bancorp (CTBI), ConnectOne Bancorp (CNOB), Great Southern Bancorp (GSBC), Preferred Bank (PFBC) and Live Oak Bancshares (LOB). 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.13%), Alliancebernstein L.P. (5.13%), Russell Investments Group Ltd. (2.81%), State Street Corp (1.76%), Geode Capital Management LLC (1.28%) and Acadian Asset Management LLC (0.81%).

CARE stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Martingale Asset Management L P, Bessemer Group Inc., Morgan Stanley, UBS Group AG, Two Sigma Investments LP, Nuveen Asset Management LLC, and New York State Common Retirement Fund.

CARE stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Geode Capital Management LLC, BlackRock Inc., Acadian Asset Management LLC, Permanens Capital L.P., JPMorgan Chase & Co., IndexIQ Advisors LLC, and Los Angeles Capital Management & Equity Research Inc..

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 $8.08.

Carter Bank and Trust has a market capitalization of $212.57 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]