Carter Bankshares, Inc

(NASDAQ:CARE)

Latest On Carter Bankshares, Inc (CARE):

Date/Time Type Description Signal Details
2023-04-21 06:58 ESTNewsCarter Bankshares: A Hidden Gem To Fight Inflationary HeadwindsN/A
2023-03-31 02:20 ESTNewsCarter Bankshares board authorizes share repurchase program up to 1M sharesN/A
2023-01-26 18:37 ESTNewsCarter Bank & Trust  GAAP EPS of $0.65, revenue of $47.06MN/A
2022-12-28 10:07 ESTNewsDialogue divests German OHS BusinessN/A
2022-10-27 22:46 ESTNewsCarter Bank & Trust  GAAP EPS of $0.59 beats by $0.08, revenue of $42.96M beats by $2.88MN/A
2022-07-28 21:33 ESTNewsCarter Bank & Trust  Non-GAAP EPS of $0.44 beats by $0.08, revenue of $38.06M beats by $1.86MN/A
2022-04-26 09:45 ESTNewsCarter Bank & Trust  Non-GAAP EPS of $0.36 beats by $0.06, revenue of $33.56M in-lineN/A
2022-01-27 11:52 ESTNewsCarter Bank & Trust  GAAP EPS of $0.21, revenue of $33.83MN/A
2021-10-28 18:09 ESTNewsCarter Bank & Trust  EPS beats by $0.14, beats on revenueN/A
2021-07-29 15:18 ESTNewsCarter Bank & Trust  EPS misses by $0.08, beats on revenueN/A
2021-04-30 07:25 ESTNewsCarter Bank & Trust  EPS beats by $0.15, beats on revenueN/A
2021-02-10 07:17 ESTAnalyst RatingThe Analyst Target Price has decreased from $13.58 to $13.33.Neutral
2021-02-10 07:17 ESTEarnings EstimateAn EPS average of $0.94 is estimated for the 2022 year.Buy
2021-02-10 07:17 ESTEarnings EstimateAn EPS average of $0.20 is estimated for the quarter ending on June 30, 2021.Buy
2021-02-03 11:18 ESTAnalyst RatingThe Analyst Target Price has increased from $12.58 to $13.58.Buy
2021-01-30 03:16 ESTFinancialsCompany financials have been released.Neutral
2021-01-18 11:18 ESTAnalyst RatingThe Analyst Target Price has increased from $11.92 to $12.58.Buy
2021-01-14 17:01 ESTNewsCarter Bank inks agreement with Pendleton Community BankN/A
2021-01-11 11:18 ESTAnalyst RatingThe Analyst Target Price has increased from $11.17 to $11.92.Buy
2020-12-29 11:18 ESTAnalyst RatingThe Analyst Target Price has increased from $10.17 to $11.17.Buy
2020-12-13 03:26 ESTFinancialsCompany financials have been released.Neutral
2020-11-25 11:32 ESTAnalyst RatingThe Analyst Target Price has increased from $8.67 to $10.17.Buy
2020-11-15 11:31 ESTFinancialsCompany financials have been released.Neutral
2020-11-10 11:27 ESTAnalyst RatingThe Analyst Target Price has decreased from $8.75 to $8.67.Neutral
2020-11-09 03:28 ESTFinancialsCompany financials have been released.Neutral
2020-11-05 11:28 ESTEarnings EstimateAn EPS average of $0.03 is estimated for the quarter ending on March 31, 2021.Sell
2020-11-03 11:18 ESTAnalyst RatingThe Analyst Target Price has decreased from $8.92 to $8.75.Neutral
2020-11-01 17:26 ESTFinancialsCompany financials have been released.Neutral
2020-10-30 12:50 ESTNewsCarter Bank & Trust  EPS of -$2.19N/A
2020-09-24 00:22 ESTFinancialsCompany financials have been released.Neutral
2020-09-19 08:25 ESTFinancialsCompany financials have been released.Neutral
2020-08-11 04:18 ESTFinancialsCompany financials have been released.Neutral
2020-07-31 00:26 ESTFinancialsCompany financials have been released.Neutral
2020-07-30 12:19 ESTAnalyst RatingThe Analyst Target Price has decreased from $9.25 to $8.92.Neutral
2020-07-28 00:20 ESTFinancialsCompany financials have been released.Neutral
2020-07-24 04:18 ESTAnalyst RatingThe Analyst Target Price has decreased from $9.83 to $9.25.Neutral
2020-07-23 21:36 ESTNewsCarter Bank & Trust  EPS beats by $0.08, beats on revenueN/A
2020-07-23 16:30 ESTFinancialsCompany financials have been released.Neutral
2020-07-10 08:20 ESTFinancialsCompany financials have been released.Neutral
2020-07-01 08:16 ESTFinancialsCompany financials have been released.Neutral
2020-06-18 12:18 ESTAnalyst RatingThe Analyst Target Price has decreased from $10.25 to $9.83.Neutral
2020-06-02 04:21 ESTAnalyst RatingThe Analyst Target Price has decreased from $14.25 to $10.25.Neutral
2020-05-31 16:48 ESTFinancialsCompany financials have been released.Neutral
2020-05-06 04:20 ESTFinancialsCompany financials have been released.Neutral
2020-05-04 04:19 ESTAnalyst RatingThe Analyst Target Price has decreased from $15.25 to $14.25.Neutral
2020-05-03 08:23 ESTFinancialsCompany financials have been released.Neutral
2020-05-02 22:35 ESTNewsStocks To Watch: Jobs Report, Virtual Conferences And Blue Chips On TapN/A
2020-05-01 04:18 ESTEarnings EstimateAn EPS average of $0.23 is estimated for the quarter ending on September 30, 2020.Buy
2020-04-30 15:13 ESTNewsCarter Bank & Trust  EPS misses by $0.01, beats on revenueN/A
2020-04-11 05:56 ESTNewsCarter Bank & Trust  declares $0.14 dividendN/A

About Carter Bankshares, Inc (CARE):

Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term 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, and personal investment; real estate construction and acquisition loans; and home equity lines of credit, 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, bill pay, mobile banking, debit cards, e-statements, and automated drafts for various accounts; insurance products; and treasury services. As of November 23, 2020, the company had 92 branches in Virginia and North Carolina. The company was founded in 1974 and is headquartered in Martinsville, Virginia.

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General

  • Name Carter Bankshares, Inc
  • Symbol CARE
  • Type Common Stock
  • Exchange NASDAQ
  • Currency USD
  • Country USA
  • SectorFinancial Services
  • IndustryBanks-Regional
  • Fiscal Year EndDecember
  • IPO Date2012-08-27
  • Gic SectorFinancials
  • Gic GroupBanks
  • Gic IndustryBanks
  • Gic SubIndustryRegional Banks
  • Web URLhttp://www.cbtcares.com
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Valuation

  • Trailing PE 8.94
  • Forward PE 15.67
  • Price/Sales (Trailing 12 Mt.) 2.91
  • Price/Book (Most Recent Quarter) 0.85
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Financials

  • Most Recent Quarter 2020-12-31
  • Current Year EPS Estimate $0.73
  • Next Year EPS Estimate $0.94
  • Next Quarter EPS Estimate $0.15
  • Profit Margin -41%
  • Operating Margin 19%
  • Return on Assets -1%
  • Return on Equity -10%
  • Revenue 112.5 million
  • Earnings Per Share $0.76
  • Revenue Per Share $4.27
  • Gross Profit 112.5 million
  • Quarterly Earnings Growth -19.7%
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Highlights

  • Market Capitalization 369.47 million
  • PE Ratio 11.53
  • Analyst Target Price $13.33
  • Book Value Per Share $16.68
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Share Statistics

  • Shares Outstanding 26.43 million
  • Shares Float 25.07 million
  • % Held by Insiders 669%
  • % Held by Institutions 32.42%
  • Shares Short 241028
  • Shares Short Prior Month 244830
  • Short Ratio 4.71
  • Short % of Float 1%
  • Short % of Shares Outstanding 1%
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Technicals

  • Beta 1.4
  • 52 Week High $14.94
  • 52 Week Low $6.3
  • 50 Day Moving Average 12.01
  • 200 Day Moving Average 9.48
View More

Dividends

  • Dividend Date 2020-03-03
  • ExDividend Date 2020-02-14
  • Dividend Per Share $N/A
  • Dividend Yield 0%
View More

Carter Bankshares, Inc (CARE) Dividend Calendar:

CARE's last dividend payment was made to shareholders on March 3, 2020.

Ex-Dividend Date Payment Date Record Date Declared Date Amount

Carter Bankshares, Inc (CARE) Earnings History:

Companies typically report earnings on both a quarterly and annual basis. Earnings reported that deviate from analysts' expectations can have a large impact on a stock's price.


Quarter Date Report Date Actual Revenue Reported EPS EPS Estimate Deviation from Estimate
2020-12-312021-01-28$N/A$0.11$0.113.09%
2020-09-302020-10-26$N/A-$2.19$0.07-3228.57%
2020-06-302020-07-23$N/A$0.17$0.0988.89%
2020-03-312020-04-30$N/A$0.17$0.18-5.56%
2019-12-312020-01-28$33.18 million$0.14$0.30-53.33%
2019-09-302019-10-24$30.24 million$0.29$0.29-1.13%
2019-06-302019-07-25$30.6 million$0.30$0.2615.38%
2019-03-312019-04-25$29.34 million$0.29$0.03866.67%
2018-12-312019-01-24$31.9 million$0.13
2018-09-302018-09-30$17.98 million-$0.29
2018-06-302018-06-30$31.18 million$0.27
2018-03-312018-03-31$29.59 million$0.34
2017-12-312017-12-31$9.69 million-$0.19
2017-09-302017-09-30$15.82 million-$0.02
2017-06-302017-06-30$16.27 million-$0.06
2017-03-312017-03-31$39.22 million$0.24
2016-12-312016-12-31$N/A-$0.15
2016-09-302016-09-30$N/A$0.20
2016-06-302016-06-30$N/A$0.24
2016-03-312016-03-31$N/A$0.32
2015-12-312015-12-31$N/A$0.47
2015-09-302015-09-30$N/A$0.36
2015-06-302015-06-30$N/A$0.34
2015-03-312015-03-31$N/A$0.32
2014-12-312014-12-31$N/A$0.37
2014-09-302014-09-30$N/A$0.30
2014-06-302014-06-30$N/A$0.32
2014-03-312014-03-31$N/A$0.29
2013-12-312013-12-31$N/A$0.24
2013-09-302013-09-30$N/A$0.25
2013-06-302013-06-30$N/A$0.23
2013-03-312013-03-31$N/A$0.27
2012-12-312012-12-31$N/A$0.24
2012-09-302012-09-30$N/A$0.32
2012-06-302012-06-30$N/A$0.29
2012-03-312012-03-31$N/A$0.31
2011-12-312011-12-31$N/A$0.33
2011-09-302011-09-30$N/A$0.28
2011-06-302011-06-30$N/A$0.30
2011-03-312011-03-31$N/A$0.27
2010-12-312010-12-31$N/A$0.21
2010-09-302010-09-30$N/A$0.26
2010-06-302010-06-30$N/A$0.23
2010-03-312010-03-31$N/A$0.26
2009-12-312009-12-31$N/A$0.14
2009-09-302009-09-30$N/A$0.18
2009-06-302009-06-30$N/A$0.17
2009-03-312009-03-31$N/A$0.18

Carter Bankshares, Inc (CARE) Company Financial Statements:

Financial statements are reports prepared by a company's management to present their financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, and statement of cash flows.

Income Statement:
Date Dec 31 2020 Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019
Research Development N/A N/A N/A N/A N/A
Income Before Tax N/A N/A N/A N/A 3.43 million
Selling General Administrative N/A N/A N/A N/A 20.75 million
Gross Profit N/A N/A N/A N/A 33.18 million
Ebit N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A 8.41 million
Income Tax Expense 138000 875000 -488000 247000 -175000
Total Revenue N/A N/A N/A N/A 33.18 million
Cost of Revenue N/A N/A N/A N/A N/A
Total Other Income Expense Net N/A N/A N/A N/A -4.98 million
Net Income From Continuing Operations N/A N/A N/A N/A 3.61 million
Net Income Applicable to Common Shares 2.94 million -57.68 million 4.46 million 4.42 million 3.61 million
Cash Flow:
Date Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019 Sep 30 2019
Investments N/A -21.81 million N/A N/A N/A
Change to Liabilities N/A N/A N/A N/A N/A
Total Cash Flow from Investing Activities -25.03 million N/A N/A N/A N/A
Net Borrowings N/A N/A N/A N/A N/A
Total Cash Flow from Financial Activities N/A 133.71 million N/A N/A N/A
Change to Operating Activities -6.51 million N/A N/A N/A N/A
Change in Cash N/A 125.86 million N/A N/A N/A
Total Cash from Operating Activities -20.14 million 13.95 million N/A N/A N/A
Depreciation N/A 1.54 million N/A N/A N/A
Other Cash Flow from Investing Activities N/A N/A N/A N/A N/A
Change to Inventory N/A N/A N/A N/A N/A
Change to Account Receivables N/A N/A N/A N/A N/A
Other Cash Flow from Financing Activities 7.09 million N/A N/A N/A N/A
Change to Net Income 42.48 million N/A N/A N/A N/A
Capital Expenditures N/A 2.34 million N/A N/A N/A
Balance Sheet:
Date Dec 31 2020 Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019
Total Liabailities N/A N/A N/A N/A 3.53 billion
Total Stockholder Equity N/A N/A N/A N/A 473.11 million
Other Current Liabilities N/A N/A N/A N/A N/A
Total Assets N/A N/A N/A N/A 4.01 billion
Common Stock 26.39 million 26.39 million 26.39 million 26.39 million 26.33 million
Other Current Assets 35.27 million 32.1 million N/A N/A 19.71 million
Retained Earnings 254.61 million 251.67 million 309.35 million 304.89 million 304.16 million
Other Liabilities 19.38 million 45.42 million 20.97 million 19.05 million 28.75 million
Other Assets 3.01 billion 3.06 billion 3.03 billion 3 billion 2.95 billion
Cash N/A N/A N/A N/A 125.81 million
Total Current Liabilities 3.68 billion 3.62 billion N/A N/A 3.5 billion
Other Stockholder Equity 15.72 million 13.51 million 10.31 million 751000 127000
Property, Plant & Equipment 87.6 million 87.44 million 89.49 million 88.99 million 85.94 million
Total Current Assets 292.94 million 204.45 million N/A N/A 163.85 million
Long Term Investments N/A N/A N/A N/A 746.73 million
Net Tangible Assets 440.17 million 434.81 million 426.87 million 412.63 million 414.39 million
Short Term Investments N/A N/A N/A N/A N/A
Long Term Debt N/A N/A N/A N/A N/A
Inventory 15.72 million 16.41 million N/A N/A 18.32 million
Accounts Payable 3.68 billion 3.61 billion N/A N/A 3.5 billion

Carter Bankshares, Inc (CARE) Chart:

Carter Bankshares, Inc (CARE) News:

Below you will find a list of latest news for Carter Bankshares, Inc (CARE) from major news sources. You can filter the results to only show news from a specific source.

No recent news available

Carter Bankshares, Inc (CARE) Options:

A stock option is a contract between two parties in which the stock option buyer (holder) purchases the right (but not the obligation) to buy/sell 100 shares of an underlying stock at a predetermined price from/to the option seller (writer) within a fixed period of time.

Expiration Date Strike Last Price Type Volume Open Interest Implied Volatility In The Money Change Change Percent
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2024-09-2012.50.93PUT0 7031.26TRUE00
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Latest CARE Trades:

Date Shares Price
Jun 13, 2022 7:59 PM EST230$13.54
Jun 13, 2022 7:59 PM EST1$13.57
Jun 13, 2022 7:59 PM EST5$13.58
Jun 13, 2022 7:59 PM EST5$13.58
Jun 13, 2022 7:59 PM EST1$13.57

Carter Bankshares, Inc (CARE) SEC Filings:

An SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings.

Date Form Type Form Name Link