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NASDAQ:CARE

Carter Bankshares Stock Forecast, Price & News

$14.51
-0.14 (-0.96%)
(As of 11/30/2021 12:00 AM ET)
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Compare
Today's Range
$14.27
$14.68
50-Day Range
$13.58
$16.33
52-Week Range
$9.20
$16.40
Volume
59,244 shs
Average Volume
69,334 shs
Market Capitalization
$383.95 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.28
30 days | 90 days | 365 days | Advanced Chart
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Carter Bankshares logo

About Carter Bankshares

Carter Bankshares, Inc. operates as a bank holding company, which offers deposit accounts, online account opening, and commercial, small business, and personal loan products and services. The company was founded by Worth Harris Carter, Jr. in 1974 and is headquartered in Martinsville, VA.

Headlines

Carter Bankshares Inc.
August 20, 2021 |  barrons.com
CIB Marine Bancshares Inc.
July 30, 2021 |  wsj.com
See More Headlines

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CARE
Fax
N/A
Employees
828
Year Founded
N/A

Sales & Book Value

Annual Sales
$167.52 million
Cash Flow
$1.02 per share
Book Value
$16.73 per share

Profitability

Net Income
$-45.86 million
Pretax Margin
19.51%

Debt

Price-To-Earnings

Miscellaneous

Free Float
25,662,000
Market Cap
$383.95 million
Optionable
Not Optionable

Company Calendar

Last Earnings
10/31/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/27/2022

MarketRank

Overall MarketRank

1.79 out of 5 stars

Finance Sector

831st out of 1,335 stocks

National Commercial Banks Industry

86th out of 108 stocks

Analyst Opinion: 1.2Community Rank: 3.6Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -












Carter Bankshares (NASDAQ:CARE) Frequently Asked Questions

Is Carter Bankshares a buy right now?

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" Carter Bankshares stock. 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 analyst ratings for Carter Bankshares
or view top-rated stocks.

How has Carter Bankshares' stock price been impacted by Coronavirus?

Carter Bankshares' stock was trading at $13.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CARE shares have increased by 8.1% and is now trading at $14.51.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Carter Bankshares?

Carter Bankshares saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 152,500 shares, a decline of 25.9% from the September 30th total of 205,800 shares. Based on an average daily volume of 65,100 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.6% of the shares of the company are short sold.
View Carter Bankshares' Short Interest
.

When is Carter Bankshares' next earnings date?

Carter Bankshares is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for Carter Bankshares
.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) released its quarterly earnings data on Sunday, October, 31st. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.14. The company earned $36.32 million during the quarter, compared to the consensus estimate of $33.43 million. Carter Bankshares had a net margin of 17.74% and a trailing twelve-month return on equity of 7.08%.
View Carter Bankshares' earnings history
.

What price target have analysts set for CARE?

3 brokers have issued 12-month target prices for Carter Bankshares' shares. Their forecasts range from $12.00 to $16.25. On average, they anticipate Carter Bankshares' share price to reach $13.75 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts' price targets for Carter Bankshares
or view top-rated stocks among Wall Street analysts.

Who are Carter Bankshares' key executives?

Carter Bankshares' management team includes the following people:
  • Litz H. van Dyke, Chief Executive Officer & Director
  • Bradford N. Langs, President & Chief Strategy Officer (LinkedIn Profile)
  • Wendy S. Bell, Chief Financial Officer & Senior Executive VP
  • Mathew M. Speare, Chief Information Officer & Executive VP
  • John Richard Spiker, Chief Lending Officer & Executive Vice President

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.77%), Alliancebernstein L.P. (5.72%), Geode Capital Management LLC (1.66%), Hotchkis & Wiley Capital Management LLC (0.59%), Renaissance Technologies LLC (0.40%) and Two Sigma Advisers LP (0.35%). Company insiders that own Carter Bankshares stock include Arthur Loran Adams, Bradford N Langs, Dyke Litz H Van, Elizabeth L Walsh, Gregory W Feldmann, Matthew M Speare, Michael R Bird, Phyllis Q Karavatakis, Robert M Bolton and Wendy S Bell.
View institutional ownership trends for Carter Bankshares
.

Which major investors are selling Carter Bankshares stock?

CARE stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Renaissance Technologies LLC, Millennium Management LLC, Martingale Asset Management L P, Alliancebernstein L.P., California State Teachers Retirement System, Goldman Sachs Group Inc., and Truist Financial Corp.
View insider buying and selling activity for Carter Bankshares
or view top insider-selling stocks.

Which major investors are buying Carter Bankshares stock?

CARE stock was bought by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Franklin Resources Inc., Fourthstone LLC, BlackRock Inc., Dimensional Fund Advisors LP, Maltese Capital Management LLC, Captrust Financial Advisors, and SG Americas Securities LLC. Company insiders that have bought Carter Bankshares stock in the last two years include Arthur Loran Adams, Dyke Litz H Van, Elizabeth L Walsh, Gregory W Feldmann, Matthew M Speare, Michael R Bird, Phyllis Q Karavatakis, Robert M Bolton, and Wendy S Bell.
View insider buying and selling activity for Carter Bankshares
or or view top insider-buying stocks.

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.
Compare Top Brokerages Here.

What is Carter Bankshares' stock price today?

One share of CARE stock can currently be purchased for approximately $14.51.

How much money does Carter Bankshares make?

Carter Bankshares has a market capitalization of $383.95 million and generates $167.52 million in revenue each year.

How many employees does Carter Bankshares have?

Carter Bankshares employs 828 workers across the globe.

What is Carter Bankshares' official website?

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

Where are Carter Bankshares' headquarters?

Carter Bankshares is headquartered at 1300 Kings Mountain Road, Martinsville VA, 24112.

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 12/1/2021 by MarketBeat.com Staff

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