Carter Bankshares - CARE Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carter Bankshares in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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3 Wall Street research analysts have issued 12 month target prices for Carter Bankshares' shares. Their CARE share price forecasts range from $12.00 to $17.00. On average, they predict the company's stock price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
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Carter Bankshares' stock was trading at $15.39 at the beginning of 2022. Since then, CARE stock has increased by 8.0% and is now trading at $16.62.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Carter Bankshares, Inc. (NASDAQ:CARE) posted its quarterly earnings data on Sunday, October, 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.14. The firm had revenue of $36.32 million for the quarter, compared to analysts' expectations of $33.43 million. Carter Bankshares had a net margin of 22.89% and a trailing twelve-month return on equity of 9.74%.

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).

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

Carter Bankshares' stock is owned by many different retail and institutional investors. Top institutional shareholders include Martingale Asset Management L P (0.31%), Strs Ohio (0.18%), Rhumbline Advisers (0.14%), Franklin Resources Inc. (0.14%), JPMorgan Chase & Co. (0.09%) and Trexquant Investment LP (0.09%). Insiders that own company stock include Arthur Loran Adams, Bradford N Langs, Curtis E Stephens, Dyke Litz H Van, Elizabeth L Walsh, Gregory W Feldmann, Kevin S Bloomfield, Matthew M Speare, Michael R Bird, Phyllis Q Karavatakis, Robert M Bolton and Wendy S Bell.
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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.
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One share of CARE stock can currently be purchased for approximately $16.62.

Carter Bankshares (NASDAQ:CARE) has a market capitalization of $408.47 million and generates $162.78 million in revenue each year. The company earns $31.46 million in net income (profit) each year or $1.43 on an earnings per share basis.

The company employs 731 workers across the globe.

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.