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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:CARE

Carter Bankshares (CARE) Stock Price, News & Analysis

$12.64
+0.16 (+1.28%)
(As of 03/28/2024 ET)
Today's Range
$12.38
$12.80
50-Day Range
$12.26
$15.27
52-Week Range
$10.43
$16.74
Volume
41,629 shs
Average Volume
55,127 shs
Market Capitalization
$290.97 million
P/E Ratio
12.77
Dividend Yield
N/A
Price Target
$17.00

Carter Bankshares MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.5% Upside
$17.00 Price Target
Short Interest
Bearish
1.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of Carter Bankshares in the last 14 days
Based on 4 Articles This Week
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.

2.59 out of 5 stars

Finance Sector

558th out of 860 stocks

National Commercial Banks Industry

63rd out of 84 stocks

CARE stock logo

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

CARE Stock News Headlines

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Carter Pieper PA
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Jimmy Carter Health Update
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:CARE
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
+34.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$23.19 million
Pretax Margin
13.38%

Debt

Sales & Book Value

Annual Sales
$214.70 million
Cash Flow
$1.82 per share
Book Value
$15.30 per share

Miscellaneous

Free Float
22,509,000
Market Cap
$290.97 million
Optionable
Optionable
Beta
0.95
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CARE Stock Analysis - Frequently Asked Questions

Should I buy or sell Carter Bankshares stock right now?

1 Wall Street equities 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 equities 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 analysts have issued 1-year target prices for Carter Bankshares' stock. Their CARE share price targets range from $17.00 to $17.00. On average, they anticipate the company's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 34.5% 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 start of the year. Since then, CARE shares have decreased by 15.6% and is now trading at $12.64.
View the best growth stocks for 2024 here
.

Are investors shorting Carter Bankshares?

Carter Bankshares saw a increase in short interest in March. As of March 15th, there was short interest totaling 277,900 shares, an increase of 10.2% from the February 29th total of 252,200 shares. Based on an average trading volume of 54,200 shares, the days-to-cover ratio is presently 5.1 days. Currently, 1.3% of the shares of the stock are short sold.
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) released its quarterly earnings data on Thursday, January, 25th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.19. The company had revenue of $30.67 million for the quarter, compared to the consensus estimate of $32.62 million. Carter Bankshares had a trailing twelve-month return on equity of 7.49% and a net margin of 10.89%.

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).

Who are Carter Bankshares' major shareholders?

Carter Bankshares' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.35%), Vanguard Group Inc. (5.35%), Dimensional Fund Advisors LP (3.25%), Northern Trust Corp (0.89%), Bridgeway Capital Management LLC (0.80%) and Russell Investments Group Ltd. (0.42%). 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, Gregory W Feldmann, James W Haskins, Jane Ann Davis, Kevin S Bloomfield, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CARE) was last updated on 3/29/2024 by MarketBeat.com Staff

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