Carter BanksharesCARE
CARE
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. It 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: 680
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
6% more funds holding
Funds holding: 106 [Q4 2024] → 112 (+6) [Q1 2025]
1.1% more ownership
Funds ownership: 47.66% [Q4 2024] → 48.77% (+1.1%) [Q1 2025]
3% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 38
7% less capital invested
Capital invested by funds: $193M [Q4 2024] → $179M (-$14.3M) [Q1 2025]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 1 (-1) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for CARE.
Financial journalist opinion
Neutral
Accesswire
2 weeks ago
Carter Bank Completes the Purchase of Two First Reliance Bank Branches in North Carolina
Through the purchase, the bank will enter the Winston-Salem market for the first time, while expanding operations near Charlotte. MARTINSVILLE, VA / ACCESS Newswire / May 27, 2025 / Carter Bankshares, Inc. (Nasdaq:CARE), the holding company for Carter Bank (the "Bank"), announced today the completion of the previously announced Purchase and Assumption for the deposits associated with two branches in Mooresville and Winston-Salem, North Carolina with First Reliance Bankshares, Inc. (OTC: FSRL), the holding company for First Reliance Bank.
Neutral
Zacks Investment Research
1 month ago
Carter Bankshares (CARE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Carter Bankshares (CARE) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Carter Bankshares, Inc. (CARE) Q1 Earnings and Revenues Beat Estimates
Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.24 per share a year ago.
Neutral
Accesswire
1 month ago
Carter Bankshares, Inc. Announces First Quarter 2025 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / April 24, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $9.0 million, or $0.39 diluted earnings per share ("EPS"), for the first quarter of 2025 compared to net income of $8.3 million, or $0.36 diluted EPS, for the fourth quarter of 2024 and net income of $5.8 million, or $0.25 diluted EPS, for the first quarter of 2024. Pre-tax pre-provision income1 was $9.0 million for the first quarter of 2025, $5.6 million for the fourth quarter of 2024 and $7.2 million for the first quarter of 2024.
Positive
Zacks Investment Research
2 months ago
Carter Bankshares (CARE) Surges 5.0%: Is This an Indication of Further Gains?
Carter Bankshares (CARE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Positive
Zacks Investment Research
3 months ago
Wall Street Analysts Believe Carter Bankshares (CARE) Could Rally 29.65%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 29.7% in Carter Bankshares (CARE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Positive
Zacks Investment Research
4 months ago
Does Carter Bankshares (CARE) Have the Potential to Rally 30.53% as Wall Street Analysts Expect?
The consensus price target hints at a 30.5% 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.
Neutral
Business Wire
4 months ago
Carter Bank Announces the Unexpected Passing of Executive Vice President Richard Owen
MARTINSVILLE, Va.--(BUSINESS WIRE)--It is with profound sadness that Carter Bank (Nasdaq: CARE), announces the unexpected passing of Executive Vice President of Mortgage Banking and Corporate Sales Director, Richard Owen on January 25, 2025. A Roanoke native with a track record of success in financial services, Owen oversaw the day-to-day operations of both the bank's mortgage and corporate sales divisions for nearly a decade. Owen joined Carter Bank in 2017 and quickly became a driving force i.
Positive
Zacks Investment Research
4 months ago
Best Value Stocks to Buy for January 24th
CMTG, ICL and CARE made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 24, 2025.
Positive
Zacks Investment Research
4 months ago
Carter Bankshares (CARE) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Carter Bankshares (CARE) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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