NASDAQ:CARE

Carter Bankshares Stock Forecast, Price & News

$13.15

-0.35 (-2.59 %)

(As of 04/22/2021 12:00 AM ET)

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Today's Range

$13.14

Now: $13.15▼

$13.55

50-Day Range

$12.79

MA: $13.98▼

$14.62

52-Week Range

$6.30

Now: $13.15▼

$14.94

Volume27,125 shs

Average Volume50,924 shs

Market Capitalization$347.54 million

P/E RatioN/A

Dividend YieldN/A

Beta1.52

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. 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 and acquisition 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, bill pay, online account opening, mobile deposit, mobile banking, debit cards, e-statements, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. The company operates through 92 branches in Virginia and North Carolina. The company was founded in 1974 and is headquartered in Martinsville, Virginia.

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:CARE

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.carterbankandtrust.com

Phone276-656-1776

Employees828

Year FoundedN/A

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$169.01 million

Price / Sales2.06

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares26,429,000

Market Cap$347.54 million

Next Earnings DateN/A

OptionableNot Optionable

Headlines

Zacks: Analysts Expect Carter Bankshares, Inc. (NASDAQ:CARE) Will Announce Quarterly Sales of $31.39 Million
April 21, 2021 | americanbankingnews.com

Brokerages Anticipate Carter Bankshares, Inc. (NASDAQ:CARE) to Announce $0.21 EPS
April 19, 2021 | americanbankingnews.com

Zacks: Analysts Anticipate Carter Bankshares, Inc. (NASDAQ:CARE) Will Announce Quarterly Sales of $31.39 Million
April 4, 2021 | americanbankingnews.com

Carter Bankshares, Inc. (NASDAQ:CARE) Expected to Announce Earnings of $0.21 Per Share
April 2, 2021 | americanbankingnews.com

Carter Bankshares, Inc. to Post Q1 2021 Earnings of $0.21 Per Share, DA Davidson Forecasts (NASDAQ:CARE)
April 1, 2021 | americanbankingnews.com

Financial Contrast: Silvergate Capital (NYSE:SI) versus Carter Bankshares (NASDAQ:CARE)
March 31, 2021 | americanbankingnews.com

Carter Bankshares (NASDAQ:CARE) Rating Increased to Buy at DA Davidson
March 30, 2021 | americanbankingnews.com

If You Had Bought Carter Bankshares' (NASDAQ:CARE) Shares A Year Ago You Would Be Down 44%
February 19, 2021 | finance.yahoo.com

Carter Bank & Trust Enters Agreement with Pendleton Community Bank
January 14, 2021 | finance.yahoo.com

No. 21 Duke tops Wake Forest 79-68 in Krzyzewski's return
January 11, 2021 | usatoday.com

Carter Bankshares (CARE) in Focus: Stock Moves 6.3% Higher
December 21, 2020 | nasdaq.com

Carter Bankshares, Inc. and Carter Bank & Trust Announce Completion of Holding Company Reorganization
November 23, 2020 | finance.yahoo.com

Is Carter Bank & Trust (NASDAQ:CARE) Popular Amongst Insiders?
November 11, 2020 | finance.yahoo.com

Carter Bank & Trust EPS of -$2.19
October 29, 2020 | seekingalpha.com

Carter Bank & Trust Announces Third Quarter 2020 Financial Results
October 29, 2020 | finance.yahoo.com

Carter Bank & Trust's (NASDAQ:CARE) Stock Price Has Reduced 64% In The Past Year
September 12, 2020 | finance.yahoo.com

Carter Bank & Trust EPS beats by $0.08, beats on revenue
July 23, 2020 | seekingalpha.com

Carter Bank & Trust Announces Intent to Form Holding Company
July 23, 2020 | finance.yahoo.com

Carter Bank & Trust Announces Second Quarter 2020 Financial Results
July 23, 2020 | finance.yahoo.com

See More Headlines

MarketRank^™

Overall MarketRank^™

1.46 out of 5 stars

Finance Sector

846th out of 1,947 stocks

State Commercial Banks Industry

175th out of 309 stocks

2.5 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 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.63, Carter Bankshares has a forecasted upside of 11.2% from its current price of $13.15.
Amount of Analyst Coverage
Carter Bankshares has only been the subject of 2 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Carter Bankshares has received 24 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Carter Bankshares has received 39 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Carter Bankshares has received 61.90% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Carter Bankshares and other stocks. Vote “Outperform” if you believe CARE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CARE will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carter Bankshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,687.00 in company stock and sold $0.00 in company stock.
Percentage Held by Institutions
Only 30.97% of the stock of Carter Bankshares is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Carter Bankshares are expected to grow by 11.11% in the coming year, from $0.45 to $0.50 per share.

See Top Rated MarketRank™ Stocks Here

$13.15

-0.35 (-2.59 %)

(As of 04/22/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Carter Bankshares (NASDAQ:CARE) Frequently Asked Questions

Is Carter Bankshares a buy right now?

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

What stocks does MarketBeat like better than Carter Bankshares?

Wall Street analysts have given Carter Bankshares a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Carter Bankshares wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) released its earnings results on Thursday, July, 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.07.
View Carter Bankshares' earnings history.

How has Carter Bankshares' stock price been impacted by Coronavirus (COVID-19)?

Carter Bankshares' stock was trading at $13.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CARE shares have decreased by 2.0% and is now trading at $13.15.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for CARE?

3 brokerages have issued twelve-month target prices for Carter Bankshares' stock. Their forecasts range from $13.00 to $16.25. On average, they anticipate Carter Bankshares' stock price to reach $14.63 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
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:

Mr. Litz H. Van Dyke, CEO & Director (Age 57, Pay $798.99k)
Ms. Phyllis Q. Karavatakis, Director (Age 65, Pay $484.8k)
Mr. Bradford N. Langs, Pres & Chief Strategy Officer (Age 55, Pay $485.66k)
Ms. Wendy S. Bell, Sr. EVP & CFO (Age 57, Pay $506.58k)
Mr. Matthew M. Speare, Exec. VP & Chief Information Officer (Age 54, Pay $451.29k)
Ms. Jane Ann Davis, Exec. VP & Chief Admin. Officer (Age 58)
Mr. John Richard Spiker II, Exec. VP & Chief Lending Officer (Age 54)
Mr. Tony E. Kallsen, Exec. VP & Chief Credit Officer (Age 53)
Mr. A. Loran Adams, Exec. VP & Director of Regulatory Risk Management (Age 60)
Ms. Tami M. Buttrey, Exec. VP, Chief Retail Banking Officer & Director of Delivery Channel Optimization

Who are some of Carter Bankshares' key competitors?

Some companies that are related to Carter Bankshares include TriCo Bancshares (TCBK), First Busey (BUSE), Southside Bancshares (SBSI), S&T Bancorp (STBA), Premier Financial (PFC), 1st Source (SRCE), OFG Bancorp (OFG), First Bancorp (FBNC), Tompkins Financial (TMP), Stock Yards Bancorp (SYBT), German American Bancorp (GABC), Boston Private Financial (BPFH), Merchants Bancorp (MBIN), ConnectOne Bancorp (CNOB) and First Foundation (FFWM).
View all of CARE's competitors.

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 many different retail and institutional investors. Top institutional investors include Tandem Investment Advisors Inc. (0.38%) and Eidelman Virant Capital (0.33%). Company insiders that own Carter Bankshares stock include Arthur Loran Adams, Dyke Litz H Van, Elizabeth L Walsh, Gregory W Feldmann, Matthew M Speare, Michael R Bird and Phyllis Q Karavatakis.
View institutional ownership trends for Carter Bankshares.

Which major investors are buying Carter Bankshares stock?

CARE stock was acquired by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., and Eidelman Virant Capital. 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, and Phyllis Q Karavatakis.
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 $13.15.

How much money does Carter Bankshares make?

Carter Bankshares has a market capitalization of $347.54 million and generates $169.01 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 4/23/2021 by MarketBeat.com Staff

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