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The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
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Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
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Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
66,000% upside on tiny biotech? (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
66,000% upside on tiny biotech? (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
66,000% upside on tiny biotech? (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
NASDAQ:CARE

Carter Bankshares (CARE) Stock Forecast, Price & News

$12.88
-0.04 (-0.31%)
(As of 09/22/2023 ET)
Compare
Today's Range
$12.79
$13.14
50-Day Range
$12.88
$16.56
52-Week Range
$12.35
$18.83
Volume
35,774 shs
Average Volume
74,910 shs
Market Capitalization
$300.49 million
P/E Ratio
5.99
Dividend Yield
N/A
Price Target
$18.17

Carter Bankshares MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
41.0% Upside
$18.17 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.12mentions of Carter Bankshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$24,798 Bought Last Quarter
Proj. Earnings Growth
64.06%
From $1.28 to $2.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Finance Sector

263rd out of 789 stocks

National Commercial Banks Industry

44th out of 79 stocks


CARE stock logo

About Carter Bankshares (NASDAQ:CARE) Stock

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 longer-term 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 Price History

CARE Stock News Headlines

Fox Couldn't Air my #1 A.I. Pick - Get it Here.
50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. More here.
Katy Graves Carter
Fox Couldn't Air my #1 A.I. Pick - Get it Here.
50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. More here.
Webber: State must investigate Hawthorn Center failings
Carter Bank Expands Partnership With The Liberty Flames
See More Headlines
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CARE Company Calendar

Last Earnings
7/27/2023
Today
9/23/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CARE
Fax
N/A
Employees
667
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.17
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+41.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$49.82 million
Pretax Margin
31.00%

Debt

Sales & Book Value

Annual Sales
$181.90 million
Cash Flow
$2.51 per share
Book Value
$13.63 per share

Miscellaneous

Free Float
22,810,000
Market Cap
$300.49 million
Optionable
Not Optionable
Beta
0.89
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Key Executives

  • Mr. Litz H. Van Dyke (Age 59)
    CEO & Director
    Comp: $1.03M
  • Ms. Phyllis Q. KaravatakisMs. Phyllis Q. Karavatakis (Age 67)
    Vice Chairman
  • Ms. Wendy S. BellMs. Wendy S. Bell (Age 59)
    Chief Financial Officer
    Comp: $603.61k
  • Mr. A. Loran Adams (Age 62)
    Exec. VP & Director of Regulatory Risk Management
  • Joyce A. Parker
    Sec.
  • Misty Powell
    Assistant VP
  • Bill Hubble
    VP and Managing Officer of Blacksburg Office













CARE Stock - Frequently Asked Questions

Should I buy or sell Carter Bankshares stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carter Bankshares in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
View CARE analyst ratings
or view top-rated stocks.

What is Carter Bankshares' stock price forecast for 2023?

3 analysts have issued 12-month price targets for Carter Bankshares' shares. Their CARE share price forecasts range from $17.00 to $19.00. On average, they predict the company's stock price to reach $18.17 in the next year. This suggests a possible upside of 41.0% 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 2023?

Carter Bankshares' stock was trading at $16.59 on January 1st, 2023. Since then, CARE stock has decreased by 22.4% and is now trading at $12.88.
View the best growth stocks for 2023 here
.

Are investors shorting Carter Bankshares?

Carter Bankshares saw a increase in short interest in August. As of August 31st, there was short interest totaling 154,100 shares, an increase of 25.1% from the August 15th total of 123,200 shares. Based on an average daily volume of 70,900 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.7% of the shares of the company 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, October 26th 2023.
View our CARE earnings forecast
.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) posted its earnings results on Thursday, July, 27th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.62 by $0.38. The business had revenue of $31.74 million for the quarter, compared to analysts' expectations of $44.96 million. Carter Bankshares had a trailing twelve-month return on equity of 15.18% and a net margin of 24.99%.

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. (7.13%), Alliancebernstein L.P. (5.51%), Dimensional Fund Advisors LP (2.32%), State Street Corp (2.00%), Geode Capital Management LLC (1.97%) and Kennedy Capital Management LLC (0.41%). Insiders that own company stock include Arthur Loran Adams, Bradford N Langs, Catharine L Midkiff, Curtis E Stephens, Dyke Litz H Van, Edward Warren Matthews, Elizabeth L Walsh, Gregory W Feldmann, James W Haskins, Jane Ann Davis, Kevin S Bloomfield, Matthew M Speare, Michael R Bird, Phyllis Q Karavatakis, Robert M Bolton and Wendy S Bell.
View institutional ownership trends
.

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 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 $12.88.

How much money does Carter Bankshares make?

Carter Bankshares (NASDAQ:CARE) has a market capitalization of $300.49 million and generates $181.90 million in revenue each year. The company earns $49.82 million in net income (profit) each year or $2.15 on an earnings per share basis.

How many employees does Carter Bankshares have?

The company employs 667 workers across the globe.

How can I contact Carter Bankshares?

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.

This page (NASDAQ:CARE) was last updated on 9/23/2023 by MarketBeat.com Staff

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