Should I buy or sell Carter Bankshares stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carter Bankshares in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CARE shares. View CARE analyst ratings or view top-rated stocks .

What is Carter Bankshares' stock price target for 2024?

1 brokers have issued 1 year price objectives for Carter Bankshares' shares. Their CARE share price targets range from $17.00 to $17.00. On average, they expect the company's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 48.7% 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 2024?

Carter Bankshares' stock was trading at $14.97 at the beginning of the year. Since then, CARE stock has decreased by 23.6% and is now trading at $11.43. View the best growth stocks for 2024 here .

Are investors shorting Carter Bankshares?

Carter Bankshares saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 249,900 shares, a decrease of 10.1% from the March 15th total of 277,900 shares. Based on an average trading volume of 56,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 1.1% 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, April 25th 2024. View our CARE earnings forecast .

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) issued its quarterly earnings data on Thursday, January, 25th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.17 by $0.19. The firm had revenue of $30.67 million for the quarter, compared to analyst estimates of $32.62 million. Carter Bankshares had a net margin of 10.89% and a trailing twelve-month return on equity of 7.49%.

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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Positive News SentimentPositive News

NASDAQ:CARE

Carter Bankshares (CARE) Stock Price, News & Analysis

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$11.43

+0.31 (+2.79%)

(As of 04/19/2024 ET)

Compare

Today's Range: $11.05
▼
$11.55
50-Day Range: $11.01
▼
$14.26
52-Week Range: $10.43
▼
$16.74

Volume: 74,783 shs
Average Volume: 56,030 shs
Market Capitalization: $263.12 million

P/E Ratio: 11.55
Dividend Yield: N/A
Price Target: $17.00

Get Carter Bankshares alerts:

Carter Bankshares MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 48.7% Upside
$17.00 Price Target
Short Interest: Healthy
1.13% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -37.70%
From $1.83 to $1.14 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.34 out of 5 stars

Finance Sector

452nd out of 845 stocks

National Commercial Banks Industry

57th out of 81 stocks

3.5

Analyst's Opinion

Consensus Rating
Carter Bankshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Carter Bankshares has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.13% of the float of Carter Bankshares has been sold short.
Short Interest Ratio / Days to Cover
Carter Bankshares has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Carter Bankshares has recently decreased by 10.08%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Carter Bankshares does not currently pay a dividend.
Dividend Growth
Carter Bankshares does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CARE.

3.3

News and Social Media Coverage

News Sentiment
Carter Bankshares has a news sentiment score of 1.90. 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 higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Carter Bankshares this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for CARE on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Carter Bankshares to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carter Bankshares insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.23% of the stock of Carter Bankshares is held by insiders.
Percentage Held by Institutions
41.48% of the stock of Carter Bankshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Carter Bankshares are expected to decrease by -37.70% in the coming year, from $1.83 to $1.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carter Bankshares is 11.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carter Bankshares is 11.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.70.
Price to Book Value per Share Ratio
Carter Bankshares has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Carter Bankshares Stock (NASDAQ:CARE)

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction, acquisition, commercial, and industrial loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll, and social security checks; online banking products, including online and mobile banking, online account opening, bill pay, e-statement, mobile deposit, digital wallet, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

CARE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CARE Stock News Headlines

April 19, 2024 | msn.com

'My life has definitely changed' | Americus building event honors President Jimmy Carter and his family's community impact

April 4, 2024 | msn.com

ESPN's Andraya Carter tabs Iowa as South Carolina's biggest threat

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 28, 2024 | abcnews.go.com

Jimmy Carter, more than a year into hospice care, reaches another milestone

March 26, 2024 | msn.com

‘How dare they?’ Antwoina Carter’s family seeks justice following her shooting death near her home

March 20, 2024 | msn.com

Helena Bonham Carter Details Close Friendship with Anthony Hopkins: We 'Go Back a Long Way' (Exclusive)

March 19, 2024 | msn.com

Remarkable Women: Angel Carter

March 17, 2024 | msn.com

Carter County residents prepare for storm season with severe weather and disaster preparedness event

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 15, 2024 | msn.com

New York Times Photo Editor Carter Love Dead at 41

March 11, 2024 | bizjournals.com

Top-level FedEx executive Rob Carter to retire; company names CIO successor

March 2, 2024 | health.usnews.com

Carter Pieper PA

March 2, 2024 | health.usnews.com

Alisha D. Carter (Carter) NP

February 26, 2024 | msn.com

Jimmy Carter Health Update

February 22, 2024 | msn.com

Carter becomes first living ex-president with official White House Christmas ornament

February 20, 2024 | msn.com

Jimmy Carter Continues To Lead Even As He Marks One Year On Hospice Care: 'Very Powerful'

February 20, 2024 | msn.com

Jimmy Carter’s one year in hospice sparks conversation about hospice care myths

February 20, 2024 | msn.com

Carter's year in hospice sheds light on end-of-life care option

February 19, 2024 | ca.news.yahoo.com

With four brothers on the mat, this Denver family finds purpose in wrestling

February 19, 2024 | msn.com

Former President Jimmy Carter Has Officially Been In Hospice Care For One Year

February 19, 2024 | foxnews.com

As Jimmy Carter marks 1 year in hospice care, advocates hope to dispel hospice misconceptions

February 18, 2024 | msn.com

Former President Jimmy Carter marks 12 months in hospice care

February 18, 2024 | msn.com

Advocates hope Jimmy Carter's endurance in hospice care drives awareness

February 18, 2024 | msn.com

A year after Jimmy Carter’s entered hospice care, advocates hope his endurance drives awareness

February 18, 2024 | msn.com

A year after Jimmy Carter's entered hospice care, advocates hope his endurance drives awareness

February 17, 2024 | msn.com

Jimmy Carter, 99, marks one year in hospice care as his grandson reveals he was 'honored and glad' for health rally that allowed him to attend beloved wife Rosalynn's funeral

February 17, 2024 | msn.com

Jimmy Carter, America's longest living president, is marking 1 year in hospice care

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Today: 4/19/2024
Next Earnings (Estimated): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:CARE
CUSIP: N/A
CIK: 1829576
Web: www.carterbankandtrust.com
Phone: (276) 656-1776
Fax: N/A
Employees: 679
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $17.00
High Stock Price Target: $17.00
Low Stock Price Target: $17.00
Potential Upside/Downside: +48.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.99
Trailing P/E Ratio: 11.54
Forward P/E Ratio: 6.24
P/E Growth: N/A
Net Income: $23.19 million
Net Margins: 10.89%
Pretax Margin: 13.38%
Return on Equity: 7.49%
Return on Assets: 0.58%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 0.93
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $214.70 million
Price / Sales: 1.22
Cash Flow: $1.83 per share
Price / Cash Flow: 6.23
Book Value: $15.30 per share
Price / Book: 0.75

Miscellaneous

Outstanding Shares: 23,020,000
Free Float: 22,509,000
Market Cap: $262.89 million
Optionable: Optionable
Beta: 0.94

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Key Executives

Mr. Litz H. Van Dyke (Age 60)
CEO & Director
Comp: $1.03M
Ms. Phyllis Q. Karavatakis (Age 68)
Vice Chairman
Ms. Wendy S. Bell (Age 60)
Chief Financial Officer
Comp: $603.61k
Mr. A. Loran Adams (Age 63)
Executive VP & Director of Regulatory Risk Management
Joyce A. Parker
Secretary
Misty Powell
Assistant Vice President
Bill Hubble
Vice President and Managing Officer of Blacksburg Office

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CARE Stock Analysis - Frequently Asked Questions

Should I buy or sell Carter Bankshares stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carter Bankshares in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CARE shares.
View CARE analyst ratings or view top-rated stocks.
What is Carter Bankshares' stock price target for 2024?: 1 brokers have issued 1 year price objectives for Carter Bankshares' shares. Their CARE share price targets range from $17.00 to $17.00. On average, they expect the company's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 48.7% 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 2024?: Carter Bankshares' stock was trading at $14.97 at the beginning of the year. Since then, CARE stock has decreased by 23.6% and is now trading at $11.43.
View the best growth stocks for 2024 here.
Are investors shorting Carter Bankshares?: Carter Bankshares saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 249,900 shares, a decrease of 10.1% from the March 15th total of 277,900 shares. Based on an average trading volume of 56,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 1.1% 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, April 25th 2024.
View our CARE earnings forecast.
How were Carter Bankshares' earnings last quarter?: Carter Bankshares, Inc. (NASDAQ:CARE) issued its quarterly earnings data on Thursday, January, 25th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.17 by $0.19. The firm had revenue of $30.67 million for the quarter, compared to analyst estimates of $32.62 million. Carter Bankshares had a net margin of 10.89% and a trailing twelve-month return on equity of 7.49%.
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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CARE) was last updated on 4/19/2024 by MarketBeat.com Staff

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Carter Bankshares (CARE) Stock Price, News & Analysis

Carter Bankshares MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Carter Bankshares Stock (NASDAQ:CARE)

CARE Stock Price History

CARE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CARE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™