Carter Bankshares, Inc operates as the bank holding company for Carter Bank & Trust that provides various banking products and services.
infoCarter Bankshares is a small cap stock with a total market cap of 331.18M.
infoThey trade on the NASDAQ and had their IPO 16 years and 5 months ago.
infoCarter Bankshares currently employs 667 people.
infoAs of Wednesday, Aug 23 2023, Carter Bankshares’s share price is $14.17.
News Relating to Carter Bankshares
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Lags Q2 Earnings and Revenue Estimates
Thursday Jul 27 2023 at 10:58
Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.44 per share a year ago.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Earnings Expected to Grow: What to Know Ahead of Q2 Release
Thursday Jul 20 2023 at 11:25
Carter Bankshares, Inc. (CARE) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Beats Q1 Earnings and Revenue Estimates
Thursday Apr 27 2023 at 11:27
Carter Bankshares, Inc. (CARE) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.36 per share a year ago.
Seeking Alpha
Carter Bankshares: A Hidden Gem To Fight Inflationary Headwinds
Friday Apr 21 2023 at 06:25
Carter Bankshares: A Hidden Gem To Fight Inflationary Headwinds.
Zacks Investment Research
Why Carter Bankshares, Inc. (CARE) Could Beat Earnings Estimates Again
Monday Apr 17 2023 at 13:43
Carter Bankshares, Inc. (CARE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Beats Q4 Earnings and Revenue Estimates
Thursday Jan 26 2023 at 11:19
Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 1.64% and 6.61%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks Investment Research
Best Value Stocks to Buy for December 28th
Wednesday Dec 28 2022 at 13:06
CARE, ADT and MUSA made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 28, 2022.
Zacks Investment Research
Is Carter Bankshares (CARE) Stock Undervalued Right Now?
Tuesday Dec 27 2022 at 11:16
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Loses 9.4% in 4 Weeks, Here’s Why a Trend Reversal May be Around the Corner
Friday Dec 16 2022 at 11:18
Carter Bankshares, Inc. (CARE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Zacks Investment Research
Is Carter Bankshares (CARE) Stock Outpacing Its Finance Peers This Year?
Thursday Dec 08 2022 at 11:17
Here is how Carter Bankshares, Inc. (CARE) and Commerzbank AG (CRZBY) have performed compared to their sector so far this year.
Zacks Investment Research
Why Carter Bankshares (CARE) Stock Might be a Great Pick
Monday Nov 21 2022 at 10:32
Carter Bankshares (CARE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Zacks Investment Research
Earnings Estimates Moving Higher for Carter Bankshares, Inc. (CARE): Time to Buy?
Monday Nov 07 2022 at 13:33
Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Q3 Earnings and Revenues Top Estimates
Thursday Oct 27 2022 at 11:20
Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 15.69% and 8.08%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks Investment Research
Can Carter Bankshares, Inc. (CARE) Keep the Earnings Surprise Streak Alive?
Monday Oct 24 2022 at 13:33
Carter Bankshares, Inc. (CARE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Investors Business Daily
Southeast Regional Banks Pass Buy Points As Rates Rise
Friday Sep 23 2022 at 15:44
Regional banks, especially in the southeastern U.S., are gaining ground as rates rise. The post Southeast Regional Banks Pass Buy Points As Rates Rise appeared first on Investor’s Business Daily.
Zacks Investment Research
5 Stocks With Recent Price Strength in an Uncertain September
Tuesday Sep 13 2022 at 07:32
Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MGPI, LNTH, CARE, ARLP and DGII.
Zacks Investment Research
Recent Price Trend in Carter Bankshares, Inc. (CARE) is Your Friend, Here’s Why
Friday Sep 09 2022 at 10:32
Carter Bankshares, Inc. (CARE) made it through our “Recent Price Strength” screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Zacks Investment Research
Is Carter Bankshares (CARE) Outperforming Other Finance Stocks This Year?
Thursday Aug 25 2022 at 11:18
Here is how Carter Bankshares, Inc. (CARE) and Cullen/Frost Bankers (CFR) have performed compared to their sector so far this year.
Zacks Investment Research
Can Carter Bankshares, Inc. (CARE) Run Higher on Rising Earnings Estimates?
Wednesday Aug 24 2022 at 13:32
Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) is on the Move, Here’s Why the Trend Could be Sustainable
Wednesday Aug 17 2022 at 10:32
Carter Bankshares, Inc. (CARE) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our “Recent Price Strength” screen.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Q2 Earnings and Revenues Surpass Estimates
Thursday Jul 28 2022 at 10:58
Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 22.22% and 8.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks Investment Research
Will Carter Bankshares, Inc. (CARE) Gain on Rising Earnings Estimates?
Wednesday Jul 20 2022 at 13:57
Carter Bankshares, Inc. (CARE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Zacks Investment Research
After Plunging 9.7% in 4 Weeks, Here’s Why the Trend Might Reverse for Carter Bankshares, Inc. (CARE)
Friday May 06 2022 at 11:23
Carter Bankshares, Inc. (CARE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Zacks Investment Research
Has Carter Bankshares (CARE) Outpaced Other Finance Stocks This Year?
Monday May 02 2022 at 11:18
Here is how Carter Bankshares, Inc. (CARE) and CF Bankshares Inc. (CFBK) have performed compared to their sector so far this year.
Zacks Investment Research
Carter Bankshares, Inc. (CARE) Q1 Earnings Top Estimates
Tuesday Apr 26 2022 at 11:18
Carter Bankshares, Inc. (CARE) delivered earnings and revenue surprises of 20% and 0%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks Investment Research
Why Carter Bankshares (CARE) Stock Might be a Great Pick
Thursday Jan 06 2022 at 09:59
Carter Bankshares (CARE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Zacks Investment Research
How Carter Bankshares (CARE) Stock Stands Out in a Strong Industry
Tuesday Jun 08 2021 at 09:47
Carter Bankshares (CARE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Accesswire
Carter Bankshares, Inc. Announces First Quarter 2021 Financial Results
Thursday Apr 29 2021 at 08:00
MARTINSVILLE, VA / ACCESSWIRE / April 29, 2021 / Carter Bankshares, Inc. (the “Company”) (NASDAQ:CARE) today announced net income of $9.4 million, or $0.36 diluted earnings per share, for the first quarter of 2021 compared to net income of $2.9 million, or $0.11 diluted earnings per share, in the fourth quarter of 2020 and net income of $4.4 million, or $0.17 diluted earnings per share, for the first quarter of 2020. Pre-tax pre-provision earnings1 were $11.9 million, $7.9 million and $9.5 million for the quarters ended March 31, 2021, December 31, 2020 and March 31, 2020, respectively.
Accesswire
Carter Bank & Trust Enters Agreement with Pendleton Community Bank
Thursday Jan 14 2021 at 09:10
Pendleton Community Bank will acquire three Carter Bank & Trust branches in 2021. MARTINSVILLE, VA & FRANKLIN, WV / ACCESSWIRE / January 14, 2021 / Carter Bankshares (NASDAQ:CARE) and Pendleton Community Bank announced today that they have entered into an agreement regarding the sale of three Carter Bank & Trust branches in Staunton, Harrisonburg, and Bridgewater to Pendleton Community Bank.
Zacks Investment Research
Carter Bankshares (CARE) in Focus: Stock Moves 6.3% Higher
Monday Dec 21 2020 at 12:48
Carter Bankshares (CARE) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
Carter Bankshares Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Carter Bankshares’s Altman Z-score is 0.96 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Carter Bankshares Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 3 insiders have bought $1.31K of common stock in Carter Bankshares on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Carter Bankshares’s Income Quality of 1.56 is greater than its Industry Group of 1.3 (20.0% greater)
Carter Bankshares’s Income Quality of 1.56 is greater than its Major Industry Group of 1.32 (18.2% greater)
Carter Bankshares’s Income Quality of 1.56 is greater than its Sector of 0.58 (169.0% greater)
Derived from SEC.GOV filing dataopen_in_new
Data is unavailable for Current Ratio
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Carter Bankshares’s PE Ratio of 6.41 is lower than its Industry Group of 7.82 (-18.0% lower)
Carter Bankshares’s PE Ratio of 6.41 is lower than its Major Industry Group of 8.01 (-20.0% lower)
Carter Bankshares’s PE Ratio of 6.41 is lower than its Sector of 7.86 (-18.4% lower)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Carter Bankshares’s PB Ratio of 0.08 is lower than its Industry Group of 0.58 (-86.2% lower)
Carter Bankshares’s PB Ratio of 0.08 is lower than its Major Industry Group of 0.36 (-77.8% lower)
Carter Bankshares’s PB Ratio of 0.08 is lower than its Sector of 0.72 (-88.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Carter Bankshares’s ROE of 0.01 is lower than its Industry Group of 0.08 (-87.5% lower)
Carter Bankshares’s ROE of 0.01 is lower than its Major Industry Group of 0.02 (-50.0% lower)
Carter Bankshares’s ROE of 0.01 is lower than its Sector of 0.04 (-75.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Carter Bankshares’s ROCE of 0.02 is in line with its Industry Group of 0.02
Carter Bankshares’s ROCE of 0.02 is in line with its Major Industry Group of 0.02
Carter Bankshares’s ROCE of 0.02 is in line with its Sector of 0.02
Derived from SEC.GOV filing dataopen_in_new