Carter Bankshares (CARE) Expected to Announce Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) will likely be releasing its Q2 2025 earnings data before the market opens on Thursday, July 24th. Analysts expect Carter Bankshares to post earnings of $0.31 per share and revenue of $37.33 million for the quarter.

Carter Bankshares (NASDAQ:CARE) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $37.22 million during the quarter, compared to analysts’ expectations of $34.90 million. Carter Bankshares had a net margin of 11.20% and a return on equity of 6.70%. On average, analysts expect Carter Bankshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carter Bankshares Trading Up 0.2%

NASDAQ CARE opened at $17.93 on Thursday. The stock has a market capitalization of $415.26 million, a P/E ratio of 14.94 and a beta of 0.77. Carter Bankshares has a 52-week low of $13.61 and a 52-week high of $20.40. The firm has a 50-day moving average price of $16.77 and a 200 day moving average price of $16.61. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.14.

Insider Transactions at Carter Bankshares

In related news, Director Kevin S. Bloomfield sold 4,509 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $16.71, for a total transaction of $75,345.39. Following the completion of the transaction, the director directly owned 18,047 shares of the company’s stock, valued at $301,565.37. This represents a 19.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 7,138 shares of company stock worth $119,249 over the last three months. Corporate insiders own 2.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Carter Bankshares by 88.1% during the first quarter. AQR Capital Management LLC now owns 25,175 shares of the company’s stock worth $407,000 after buying an additional 11,794 shares during the period. Empowered Funds LLC grew its position in Carter Bankshares by 7.3% during the first quarter. Empowered Funds LLC now owns 90,725 shares of the company’s stock worth $1,468,000 after buying an additional 6,157 shares during the period. Finally, Jane Street Group LLC acquired a new position in Carter Bankshares during the first quarter worth about $585,000. 41.48% of the stock is owned by hedge funds and other institutional investors.

About Carter Bankshares

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.