Bradford Langs Sells 5,500 Shares of Carter Bankshares (NASDAQ:CARE) Stock

Posted by Francis Steltz on May 12th, 2026

Carter Bankshares, Inc. (NASDAQ:CARE – Get Free Report) insider Bradford Langs sold 5,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $26.47, for a total transaction of $145,585.00. Following the completion of the sale, the insider directly owned 27,093 shares in the company, valued at approximately $717,151.71. The trade was a 16.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Carter Bankshares Stock Performance

Shares of CARE stock traded down $0.46 on Tuesday, reaching $26.11. The stock had a trading volume of 115,154 shares, compared to its average volume of 227,556. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average is $22.84 and its two-hundred day moving average is $20.73. The firm has a market capitalization of $578.58 million, a price-to-earnings ratio of 5.36 and a beta of 0.51. Carter Bankshares, Inc. has a 12 month low of $15.40 and a 12 month high of $27.24.

Carter Bankshares (NASDAQ:CARE – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.09). The company had revenue of $106.91 million during the quarter, compared to the consensus estimate of $42.47 million. Carter Bankshares had a net margin of 33.60% and a return on equity of 7.93%. On average, research analysts expect that Carter Bankshares, Inc. will post 1.96 EPS for the current fiscal year.

Carter Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 25th. Shareholders of record on Monday, May 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, May 11th.

Wall Street Analysts Forecast Growth

CARE has been the topic of a number of analyst reports. Zacks Research upgraded shares of Carter Bankshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Carter Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Raymond James Financial restated an “outperform” rating and set a $27.00 target price on shares of Carter Bankshares in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Carter Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Finally, Hovde Group increased their target price on shares of Carter Bankshares from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $27.50.

Read Our Latest Analysis on CARE

Institutional Trading of Carter Bankshares

Several large investors have recently made changes to their positions in CARE. AQR Capital Management LLC boosted its position in shares of Carter Bankshares by 88.1% during the 1st quarter. AQR Capital Management LLC now owns 25,175 shares of the company’s stock worth $407,000 after acquiring an additional 11,794 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Carter Bankshares by 7.3% during the 1st quarter. Empowered Funds LLC now owns 90,725 shares of the company’s stock worth $1,468,000 after acquiring an additional 6,157 shares in the last quarter. Jane Street Group LLC bought a new position in Carter Bankshares in the 1st quarter valued at approximately $585,000. Creative Planning bought a new position in Carter Bankshares in the 2nd quarter valued at approximately $330,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Carter Bankshares by 7.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 46,795 shares of the company’s stock valued at $811,000 after purchasing an additional 3,066 shares during the last quarter. Institutional investors and hedge funds own 41.48% of the company’s stock.

Carter Bankshares Company Profile

(Get Free Report)

Carter Bankshares, Inc is a bank holding company headquartered in Suffolk, Virginia, operating primarily through its subsidiary, Carter Bank & Trust. The company offers a full range of commercial and retail banking services, serving individuals, small and mid-sized businesses, and nonprofit organizations. Its financial products are designed to meet the needs of local customers across southeastern Virginia and northeastern North Carolina.

Carter Bank & Trust provides deposit accounts, including checking, savings and money market products, as well as certificates of deposit.