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 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
71% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 24
12% more funds holding
Funds holding: 93 [Q3] → 104 (+11) [Q4]
6% more capital invested
Capital invested by funds: $183M [Q3] → $193M (+$10.7M) [Q4]
2.19% more ownership
Funds ownership: 45.5% [Q3] → 47.69% (+2.19%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for CARE.
Financial journalist opinion
Positive
Zacks Investment Research
1 month 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
1 month 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
2 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
2 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
2 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.
Neutral
Accesswire
2 months ago
Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.3 million, or $0.36 diluted earnings per share ("EPS"), for the fourth quarter of 2024 compared to net income of $5.6 million, or $0.24 diluted EPS, for the third quarter of 2024 and a net loss of $1.9 million, or $(0.08) per share, for the fourth quarter of 2023. Pre-tax pre-provision income1 was $5.6 million for the fourth quarter of 2024, $6.8 million for the third quarter of 2024 and $1.6 million for the fourth quarter of 2023.
Neutral
Accesswire
2 months ago
Carter Bankshares, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
MARTINSVILLE, VA / ACCESS Newswire / January 23, 2025 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank") today announced quarterly net income of $8.3 million, or $0.36 diluted earnings per share ("EPS"), for the fourth quarter of 2024 compared to net income of $5.6 million, or $0.24 diluted EPS, for the third quarter of 2024 and a net loss of $1.9 million, or $(0.08) per share, for the fourth quarter of 2023. Pre-tax pre-provision income1 was $5.6 million for the fourth quarter of 2024, $6.8 million for the third quarter of 2024 and $1.6 million for the fourth quarter of 2023.
Positive
Zacks Investment Research
2 months ago
Wall Street Analysts Predict a 31.2% Upside in Carter Bankshares (CARE): Here's What You Should Know
The consensus price target hints at a 31.2% 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
Accesswire
3 months ago
Carter Bank Announces North Carolina Branch Acquisition From First Reliance Bank
MARTINSVILLE, VA and FLORENCE, SC / ACCESSWIRE / December 10, 2024 / Carter Bankshares, Inc. (NASDAQ:CARE) and First Reliance Bancshares, Inc. (OTC PINK:FSRL), announced today that their wholly owned subsidiaries, Carter Bank and First Reliance Bank, entered into a definitive Purchase and Assumption Agreement (the "Agreement") under which Carter Bank will acquire deposits associated with First Reliance Bank's two branches in Mooresville and Winston-Salem, as well as First Reliance Bank's Winston-Salem branch facility (the "Transaction"). The Transaction allows First Reliance Bank to focus on its core markets in South Carolina as well as advance the organization's branch efficiency strategy.
Positive
Seeking Alpha
3 months ago
U.S. Bank Stocks Surge After Election To Highest Valuation Level In 2024
Investors bid up bank stocks following President-elect Donald Trump's victory in the 2024 presidential election. The median total return in November for the 211 banks in a S&P Global Market Intelligence analysis was 13.4%, surpassing the S&P 500's 5.9% return.
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