Carter Bankshares (CARE) Stock Price, News & Analysis

Company Overview

Carter Bankshares, Inc. is a financial holding company headquartered in Martinsville, Virginia. Through its primary subsidiary, Carter Bank & Trust, the company provides a comprehensive suite of banking and financial services to individuals, businesses and institutions. Established in its original charter in the late 19th century, Carter Bank & Trust has grown from a single community bank to a regional institution focused on delivering personalized service across multiple markets.

The company’s core activities include commercial and consumer banking, offering products such as checking and savings accounts, money market instruments, certificates of deposit, and cash management solutions. Carter Bankshares also extends a range of lending services, from business and commercial real estate loans to residential mortgages and consumer financing. Its loan portfolio is diversified to support small and mid-sized enterprises, as well as individual borrowers seeking personal and home equity credit.

In addition to traditional banking, Carter Bankshares offers trust and wealth management services aimed at high-net-worth clients, including estate planning, fiduciary administration and investment advisory. The company’s mortgage banking division provides origination, servicing and secondary market execution, while its insurance arm distributes life, health and property-casualty policies through a network of licensed agents. These complementary businesses enhance the company’s ability to serve clients across multiple financial needs.

With a footprint spanning southwestern Virginia, southern West Virginia, eastern Tennessee and North Carolina, Carter Bankshares operates more than 40 branches and ATMs in its core markets. Steven E. Wiley serves as President and Chief Executive Officer, leading a management team committed to community banking values, local decision-making and sustainable growth. The company’s long history in its regional communities underscores its focus on building relationships and supporting economic development across its service areas.

Key Stats

• Today's Range: $17.84 to $18.05
• 50-Day Range: $15.31 to $18.25
• 52-Week Range: $13.61 to $20.40
• Volume: 33,747 shs
• Average Volume: 76,206 shs
• Market Capitalization: $416.86 million
• P/E Ratio: 15.00
• Dividend Yield: N/A
• Price Target: $21.50
• Consensus Rating: Buy

Carter Bankshares Stock Analysis - MarketRank™

Carter Bankshares scored higher than 64% of companies evaluated by MarketBeat, and ranked 471st out of 903 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Carter Bankshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Carter Bankshares has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 52.38%

Earnings Growth

Earnings for Carter Bankshares are expected to grow by 52.38% in the coming year, from $1.26 to $1.92 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carter Bankshares is 15.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carter Bankshares is 15.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.98.

Price to Book Value per Share Ratio

Carter Bankshares has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.17% 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 8.7.

Change versus previous month

Short interest in Carter Bankshares has recently increased by 7.21%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Carter Bankshares does not currently pay a dividend.

Dividend Growth

Carter Bankshares does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.17% 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 8.7.

Change versus previous month

Short interest in Carter Bankshares has recently increased by 7.21%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Carter Bankshares insiders have sold 3,520.19% more of their company's stock than they have bought. Specifically, they have bought $3,294.00 in company stock and sold $119,249.00 in company stock.

Percentage Held by Insiders

Only 1.86% 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.

CARE Stock Analysis - Frequently Asked Questions

How have CARE shares performed this year?

Carter Bankshares' stock was trading at $17.59 on January 1st, 2025. Since then, CARE stock has increased by 2.3% and is now trading at $17.9990.

How were Carter Bankshares' earnings last quarter?

Carter Bankshares, Inc. (NASDAQ:CARE) announced its earnings results on Thursday, April, 24th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. The firm had revenue of $37.22 million for the quarter, compared to analyst estimates of $34.90 million. Carter Bankshares had a trailing twelve-month return on equity of 6.70% and a net margin of 11.20%.

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.

What other stocks do shareholders of Carter Bankshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Carter Bankshares investors own include Advanced Micro Devices (AMD), Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 4/24/2025
• Today: 7/09/2025
• Next Earnings (Estimated): 7/24/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CARE
• CIK: 1829576
• Web: www.carterbankandtrust.com
• Phone: (276) 656-1776
• Fax: N/A
• Employees: 730
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Carter Bankshares: $21.50
• High Price Target: $22.00
• Low Price Target: $21.00
• Potential Upside/Downside: +19.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.20
• Trailing P/E Ratio: 14.99
• Forward P/E Ratio: 14.27
• P/E Growth: N/A
• Net Income: $24.27 million
• Net Margins: 11.20%
• Pretax Margin: 14.08%
• Return on Equity: 6.70%
• Return on Assets: 0.56%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 0.88
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $243.10 million
• Price / Sales: 1.71
• Cash Flow: $1.53 per share
• Price / Cash Flow: 11.75
• Book Value: $16.66 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 23,160,000
• Free Float: 22,730,000
• Market Cap: $416.53 million
• Optionable: Optionable
• Beta: 0.77