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Carter Bankshares


About: Carter Bankshares Inc is a bank holding company that conducts its business solely through the bank. The Bank earns revenue from interest on loans and securities and fees charged for financial services provided to customers. The Bank offers a full range of deposit services including Lifetime Free Checking, interest checking accounts, savings accounts, retirement accounts and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. The Bank offers a full range of commercial and consumer loans. The Bank also originates and holds fixed and variable-rate mortgage loans and offers home equity lines of credit to its customers.

Employees: 679

Funds holding %
of 6,689 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1% more funds holding

Funds holding: 80 [Q4 2023] → 81 (+1) [Q1 2024]

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0.69% more ownership

Funds ownership: 41.58% [Q4 2023] → 42.28% (+0.69%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

14% less capital invested

Capital invested by funds: $143M [Q4 2023] → $123M (-$20.2M) [Q1 2024]

47% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 34

Research analyst outlook

We haven’t received any recent analyst ratings for CARE.

Financial journalist opinion