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Market Cap 354.60M P/E 6.44 EPS this Y -10.00% Ern Qtrly Grth -15.80%
Income 12.22M Forward P/E 6.99 EPS next Y 40.00% 50D Avg Chg -2.00%
Sales 125.73M PEG - EPS past 5Y 9.22% 200D Avg Chg -7.00%
Dividend N/A Price/Book 1.01 EPS next 5Y - 52W High Chg -21.00%
Recommedations 1.50 Quick Ratio - Shares Outstanding 23.07M 52W Low Chg 20.00%
Insider Own 1.84% ROA 0.28% Shares Float 22.15M Beta 1.04
Inst Own 43.73% ROE 3.49% Shares Shorted/Prior 568.50K/572.95K Price 14.81
Gross Margin - Profit Margin 9.83% Avg. Volume 69,017 Target Price 21.00
Oper. Margin 22.45% Earnings Date - Volume 56,313 Change 0.14%
About Carter Bankshares, Inc.

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.

Carter Bankshares, Inc. News
10/30/24 Carter Bank Unveils New, Customer-Focused Brand Identity
10/27/24 Results: Carter Bankshares, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
10/25/24 Carter Bankshares Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
10/24/24 Carter Bankshares, Inc. Announces Third Quarter 2024 Financial Results
09/27/24 While institutions own 43% of Carter Bankshares, Inc. (NASDAQ:CARE), retail investors are its largest shareholders with 53% ownership
08/28/24 Carter Bankshares Reaches Settlement With GLAS Trust in Lawsuit Seeking $226 Million
07/25/24 Carter Bankshares, Inc. Announces Second Quarter 2024 Financial Results
06/08/24 Shareholders in Carter Bankshares (NASDAQ:CARE) are in the red if they invested five years ago
05/09/24 Carter Bank Brings Relationship Banking to Raleigh Area
04/28/24 Carter Bankshares First Quarter 2024 Earnings: Beats Expectations
04/25/24 Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results
04/20/24 Carter Bankshares, Inc.'s (NASDAQ:CARE) top owners are individual investors with 54% stake, while 42% is held by institutions
02/19/24 Virginia bank delays plans to auction land at resort owned by West Virginia governor's family
02/08/24 Attorneys for West Virginia governor's family want to block planned land auction to repay loans
02/01/24 Carter Bank Introduces Carter ZEscrow
01/25/24 Carter Bankshares Inc (CARE) Faces Net Loss in Q4 2023 Amid Nonaccrual Loan Challenges
01/25/24 Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results
01/03/24 Carter Bank Celebrates 50 Years in 2024
12/23/23 Investing in Carter Bankshares (NASDAQ:CARE) three years ago would have delivered you a 40% gain
12/13/23 Carter Bank Opens New Branch in Charlottesville
CARE Chatroom

User Image WeeklyTrader Posted - 10/23/24

Let’s make it happen, $CARE! RSI: 62.27% 50-day MA: $17.22 200-day MA: $14.48

User Image WeeklyTrader Posted - 1 month ago

Celebrate gains with $CARE! RSI: 65.7% 50-day MA: $16.85 200-day MA: $14.37

User Image PenkeTrading Posted - 2 months ago

I found you an Overbought RSI (Relative Strength Index) on the daily chart of Carter Bank and Trust. Is that bullish or bearish? $CARE #RsiOverbought #NASDAQ

User Image NVDAMillionaire Posted - 07/31/24

$CARE Carter Bankshares, Inc. (CARE): A Comprehensive Analysis of This Regional Bank’s Resilience and Growth Potential http://beyondspx.com/2024/07/30/carter-bankshares-inc-care-a-comprehensive-analysis-of-this-regional-banks-resilience-and-growth-potential/

User Image DonCorleone77 Posted - 07/25/24

$CARE Carter Bankshares reports Q2 EPS 21c vs. 24c last year Net interest margin, on a fully taxable equivalent basis, decreased four basis points to 2.56% compared to the first quarter of 2024 and increased two basis points compared to the second quarter of 2023. For the six months ended June 30, 2024 net interest margin, on a FTE basis, decreased 67 basis points to 2.58% compared to the same period in 2023. Net interest income and net interest margin continue to be significantly impacted by the Bank's largest lending relationship remaining on nonaccrual status since the second quarter of 2023; The efficiency ratio was 81.62%, 78.46% and 80.46% for the quarters ended June 30, 2024, March 31, 2024 and June 30, 2023, respectively. The efficiency ratio was impacted primarily by the Bank's largest lending relationship that was placed in nonaccrual status during the second quarter of 2023. "As previously noted, the lawsuit filed by West Virginia Governor James Justice and related entities was dismissed with prejudice during the second quarter of 2024, and the Justice Entities have begun curtailing their debt owed to the Bank. This was a favorable outcome for our Company and we remain committed to resolving this lending relationship in a manner that best protects the Company, the Bank and shareholders, stated Litz H. Van Dyke, Chief Executive Officer. "Obviously, the large nonperforming lending relationship continues to have a negative impact on our financial results, but aside from this issue, we believe our financial performance for the second quarter was solid and our asset quality remains strong across all credit metrics. We continue to feel positive about the fundamentals of the Company and the structure of our balance sheet. Capital and liquidity levels continue to be strong. Loan production was modest in the second quarter, largely due to more construction lending that we expect to fund gradually over time. Our loan production pipeline also remains solid, however, we are still expecting moderate loan growth this year. We believe our bond portfolio is well positioned to outperform many of our peers in what appears to be a protracted period of higher interest rates. Modest deposit growth is occurring in most categories. While there continues to be pressure on the cost of funds, rates have been leveling off. However, the current rate environment will continue to affect our margin in the coming quarters. We expect that our net interest margin will return to a more normalized level once the large nonperforming lending relationship is fully resolved. Additionally, if the Fed begins to cut short-term interest rates, we believe our balance sheet is positioned so that it will positively impact our margins."

User Image Stock_Titan Posted - 07/25/24

$CARE Carter Bankshares, Inc. Announces Second Quarter 2024 Financial Results https://www.stocktitan.net/news/CARE/carter-bankshares-inc-announces-second-quarter-2024-financial-ak99lg8sgump.html

User Image Stock_Titan Posted - 04/25/24

$CARE Carter Bankshares, Inc. Announces First Quarter 2024 Financial Results https://www.stocktitan.net/news/CARE/carter-bankshares-inc-announces-first-quarter-2024-financial-gr1yhif5zbjp.html

User Image StockInvest_us Posted - 02/28/24

Signal alert: $CARE - PivotPoint bottom https://stockinvest.us/l/oEoiMqqHBX

User Image glnetadm Posted - 02/24/24

$CRGEQ We should keep our faith in $CRGEQ. We trust $CARE management, not because they are good people, but for the mutual benefit of both of us! They will come back to NSDAQ to cash out!

User Image VirmoMopire Posted - 01/30/24

$CARE Keep an eye on this one. Could be something brewing. πŸ”

User Image Last10K Posted - 01/25/24

$CARE just filed with the SEC a Earnings Release and a Financial Exhibit https://last10k.com/sec-filings/CARE/0001829576-24-000005.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=CARE

User Image StockAutomatePro Posted - 01/23/24

$CARE Stock is looking bullish according to the chart. We alerted the BUY signal at $13.91 and we were able to close this one with profit at $14.51 πŸ’–

User Image tickeron Posted - 10 months ago

$CARE enters bullish trend https://srnk.us/go/4972775

User Image cctranscripts Posted - 10 months ago

Carter Bank & Trust (Martinsville VA) director just picked up 2,330 shares https://www.conferencecalltranscripts.org/summary/?id=12838271 $CARE

User Image cctranscripts Posted - 10 months ago

Carter Bank & Trust (Martinsville VA) director just picked up 2,330 shares https://www.conferencecalltranscripts.org/summary/?id=12838263 $CARE

User Image cctranscripts Posted - 10 months ago

Carter Bank & Trust (Martinsville VA) director just picked up 2,330 shares https://www.conferencecalltranscripts.org/summary/?id=12838254 $CARE

User Image cctranscripts Posted - 11 months ago

FINANCIAL STATEMENTS AND https://www.conferencecalltranscripts.org/summary/?id=12784384 $CARE

User Image Last10K Posted - 11 months ago

$CARE just filed with the SEC a Financial Exhibit https://last10k.com/sec-filings/CARE/0001829576-23-000060.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=CARE

User Image StockAutomatePro Posted - 11 months ago

$CARE Chart analysis confirms the stock is poised for an uptick. We alerted the BUY signal at $12.5 and we were able to close this one with profit at $13.67 πŸ“Š

User Image TickerDD_com Posted - 11 months ago

$CARE Short Interest for the 2 Week Period ending on 31-Oct-2023 #CARE #shortinterest #usstock #StillStonkingOnThanksgiving https://www.youtube.com/watch?v=YfF4gXl1qPY

User Image StockAutomatePro Posted - 1 year ago

$CARE The chart is indicating an upward trajectory for the stock price We alerted the BUY signal at $11.9 and we were able to close this one with profit at $13.065 πŸ₯³

User Image EarningsInsider Posted - 1 year ago

Carter Bankshares, Inc. Files SEC Form 8-K $CARE https://www.marketbeat.com/stocks/NASDAQ/CARE/sec-filings/

User Image cctranscripts Posted - 1 year ago

In order to provide further https://www.conferencecalltranscripts.org/summary/?id=12706465 $CARE

User Image risenhoover Posted - 1 year ago

$CARE / Carter Bankshares files form 8-K - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 14, 2023 CARTER BANKSHAR https://fintel.io/doc/sec-carter-bankshares-inc-1829576-8k-2023-november-14-19675-1245?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=filing

User Image TheBatMan189 Posted - 1 year ago

$CARE quick double.

User Image Last10K Posted - 10/31/23

$CARE just filed with the SEC a Regulated Disclosure and a Financial Exhibit https://last10k.com/sec-filings/CARE/0001829576-23-000055.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=CARE

User Image cctranscripts Posted - 10/31/23

Carter Bank & Trust (Martinsville: O V E R V I E W 4 https://www.conferencecalltranscripts.org/summary/?id=12659670 $CARE

User Image Last10K Posted - 10/27/23

Last10K highlighted 75 positive and negative remarks in the $CARE 10-Q filed today. See them in the Quarterly Report: https://last10k.com/sec-filings/CARE/0001829576-23-000053.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=sentiment&utm_term=care

User Image Last10K Posted - 10/27/23

$CARE just filed a 10-Q Quarterly Report with 7 financial statements and 64 disclosures: https://last10k.com/sec-filings/care/0001829576-23-000053.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=10KQ2040F&utm_term=care

User Image cctranscripts Posted - 10/27/23

Carter Bank & Trust (Martinsville VA) Just Filed Its Quarterly Report: EARNINGS PER SHAREBa... https://www.conferencecalltranscripts.org/summary/?id=12650347 $CARE

Analyst Ratings
Raymond James Outperform May 1, 23
DA Davidson Neutral Oct 6, 22
Raymond James Outperform Jul 7, 22
Piper Sandler Neutral Jan 21, 22
Raymond James Market Perform Jul 8, 21
DA Davidson Buy Mar 30, 21
Raymond James Outperform Feb 3, 21
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
BIRD MICHAEL R Director Director Jul 14 Buy 15.12 33 499 10,547 07/17/23
Stephens Curtis E Director Director Jul 14 Buy 15.12 32 484 3,003 07/17/23
Adams Arthur Loran EVP, DIRECTOR OF REG.. EVP, DIRECTOR OF REG RISK MNGT Jul 14 Buy 15.12 20 302 6,336 07/17/23
Adams Arthur Loran EVP, DIRECTOR OF REG.. EVP, DIRECTOR OF REG RISK MNGT Jun 05 Sell 15.01 1,256 18,853 6,299 06/06/23
Adams Arthur Loran EVP, DIRECTOR OF REG.. EVP, DIRECTOR OF REG RISK MNGT May 22 Sell 14.0825 1,961 27,616 7,555 06/01/23
Bolton Robert M. Director Director May 02 Buy 12.77 500 6,385 8,571 05/02/23
Haskins James W. Director Director May 02 Sell 13.28 1,000 13,280 59,743 05/02/23
Van Dyke Litz H CHIEF EXECUTIVE OFFI.. CHIEF EXECUTIVE OFFICER May 01 Buy 13.32 2,200 29,304 39,446 05/01/23
Midkiff Catharine L. Director Director Feb 14 Sell 17.34 1,000 17,340 12,166 02/15/23
BIRD MICHAEL R Director Director Feb 14 Buy 17.44 28 488 8,644 02/15/23
Adams Arthur Loran EVP, DIRECTOR OF REG.. EVP, DIRECTOR OF REG RISK MNGT Feb 14 Buy 17.44 16 279 6,363 02/15/23
Stephens Curtis E Director Director Feb 14 Buy 17.44 28 488 1,101 02/15/23
Davis Jane Ann EVP, CHIEF ADMIN. OF.. EVP, CHIEF ADMIN. OFFICER Feb 07 Sell 17.41 2,137 37,205 5,791 02/08/23
Van Dyke Litz H CHIEF EXECUTIVE OFFI.. CHIEF EXECUTIVE OFFICER Jul 14 Buy 13.03 76 990 30,223 07/14/22
Karavatakis Phyllis Q. Director Director Jul 14 Buy 13.03 37 482 18,066 07/14/22
FELDMANN GREGORY W Director Director Jul 14 Buy 13.03 27 352 9,511 07/14/22
BIRD MICHAEL R Director Director Jul 14 Buy 13.03 37 482 8,504 07/14/22
Adams Arthur Loran EVP, DIRECTOR OF REG.. EVP, DIRECTOR OF REG RISK MNGT Jul 14 Buy 13.03 22 287 6,280 07/14/22
Stephens Curtis E Director Director Jun 03 Buy 14.64 300 4,392 631 06/06/22