Carter Bankshares
CARE

$16.85

0.42%

Market Cap: 388M

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

Financials National Commercial Banks

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 4 articles

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

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Research analyst outlook

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

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Financial journalist opinion

Based on 4 articles about CARE published over the past 30 days

Zacks Investment Research

Compared to Estimates, Carter Bankshares (CARE) Q2 Earnings: A Look at Key Metrics

The headline numbers for Carter Bankshares (CARE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Carter Bankshares (CARE) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

Carter Bankshares, Inc. (CARE) Meets Q2 Earnings Estimates

Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago.

Carter Bankshares, Inc. (CARE) Meets Q2 Earnings Estimates

Carter Bankshares, Inc. Announces Second Quarter 2024 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / July 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $4.8 million, or $0.21 diluted earnings per share ("EPS"), for the second quarter of 2024 compared to net income of $5.8 million, or $0.25 diluted EPS, in the first quarter of 2024 and net income of $5.7 million, or $0.24 diluted EPS, for the second quarter of 2023. The pre-tax pre-provision income1 was $6.2 million for the second quarter of 2024, $7.2 million for the first quarter of 2024 and $6.2 million for the second quarter of 2023.

Carter Bankshares, Inc. Announces Second Quarter 2024 Financial Results

Zacks Investment Research

Carter Bankshares (CARE) Soars 5.2%: Is Further Upside Left in the Stock?

Carter Bankshares (CARE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Carter Bankshares (CARE) Soars 5.2%: Is Further Upside Left in the Stock?

Zacks Investment Research

Surging Earnings Estimates Signal Upside for Carter Bankshares (CARE) Stock

Carter Bankshares (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Carter Bankshares (CARE) Stock

Zacks Investment Research

How Much Upside is Left in Carter Bankshares (CARE)? Wall Street Analysts Think 28.92%

The mean of analysts' price targets for Carter Bankshares (CARE) points to a 28.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Carter Bankshares (CARE)? Wall Street Analysts Think 28.92%

Carter Bank Brings Relationship Banking to Raleigh Area

The new financial center at 2501 Blue Ridge Road includes full-service retail and commercial banking MARTINSVILLE, VA / ACCESSWIRE / May 9, 2024 / As Carter Bank (NASDAQ:CARE) opens its first retail branch in Raleigh, a seasoned commercial banking team is already in place, actively serving area businesses under the leadership of long-time eastern North Carolina banking veteran, Todd Baker. Carter Bank caters to small to mid-size businesses, offering a comprehensive suite of products, services, and solutions, including lending, cash management, insurance, wealth advisory, and concierge-level service to business owners.

Carter Bank Brings Relationship Banking to Raleigh Area

Zacks Investment Research

Wall Street Analysts See a 30.85% Upside in Carter Bankshares (CARE): Can the Stock Really Move This High?

The consensus price target hints at a 30.9% upside potential for Carter Bankshares (CARE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 30.85% Upside in Carter Bankshares (CARE): Can the Stock Really Move This High?

Zacks Investment Research

Compared to Estimates, Carter Bankshares (CARE) Q1 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Carter Bankshares (CARE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Carter Bankshares (CARE) Q1 Earnings: A Look at Key Metrics

Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results

MARTINSVILLE, VA / ACCESSWIRE / April 25, 2024 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank & Trust (the "Bank") today announced quarterly net income of $5.8 million, or $0.25 diluted earnings per share ("EPS"), for the first quarter of 2024 compared to a net loss of $(1.9) million, or $(0.08) EPS, in the fourth quarter of 2023 and net income of $15.9 million, or $0.67 diluted EPS, for the first quarter of 2023. The pre-tax pre-provision income 1 was $7.2 million for the quarter ended March 31, 2024, $1.6 million for the quarter ended December 31, 2023 and $21.9 million for the quarter ended March 31, 2023.

Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results

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