Maltese Capital Management LLC Boosts Stock Position in Carter Bankshares, Inc. $CARE

Posted by George Bondi on Jun 16th, 2026

Maltese Capital Management LLC boosted its holdings in Carter Bankshares, Inc. (NASDAQ:CARE – Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 395,800 shares of the company’s stock after buying an additional 26,800 shares during the period. Carter Bankshares accounts for approximately 1.4% of Maltese Capital Management LLC’s holdings, making the stock its 24th largest holding. Maltese Capital Management LLC owned approximately 1.79% of Carter Bankshares worth $7,781,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CARE. AQR Capital Management LLC boosted its stake in Carter Bankshares by 88.1% in the 1st quarter. AQR Capital Management LLC now owns 25,175 shares of the company’s stock worth $407,000 after buying an additional 11,794 shares during the last quarter. Empowered Funds LLC boosted its stake in Carter Bankshares by 7.3% in the 1st quarter. Empowered Funds LLC now owns 90,725 shares of the company’s stock worth $1,468,000 after buying an additional 6,157 shares during the last quarter. Jane Street Group LLC acquired a new stake in Carter Bankshares in the 1st quarter worth about $585,000. Creative Planning acquired a new stake in Carter Bankshares in the 2nd quarter worth about $330,000. Finally, Arrowstreet Capital Limited Partnership boosted 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 worth $811,000 after buying an additional 3,066 shares during the last quarter. 41.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings raised Carter Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Freedom Capital lowered Carter Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Hovde Group lowered Carter Bankshares from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a research note on Wednesday, June 3rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $27.00 price target on shares of Carter Bankshares in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.50.

Read Our Latest Stock Report on CARE

Carter Bankshares Stock Performance

Shares of NASDAQ:CARE opened at $29.58 on Tuesday. Carter Bankshares, Inc. has a 1 year low of $16.14 and a 1 year high of $30.29. The stock has a market capitalization of $657.27 million, a P/E ratio of 6.07 and a beta of 0.53. The stock has a 50-day simple moving average of $26.17 and a 200-day simple moving average of $22.51.

Carter Bankshares (NASDAQ:CARE – Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.09). The firm had revenue of $106.91 million for the quarter, compared to analysts’ expectations of $42.47 million. Carter Bankshares had a return on equity of 7.51% and a net margin of 33.60%. Analysts predict that Carter Bankshares, Inc. will post 1.91 earnings per share for the current year.

Carter Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 25th. Investors of record on Monday, May 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.40 annualized dividend and a yield of 1.4%. Carter Bankshares’s payout ratio is 8.21%.

Insider Activity at Carter Bankshares

In related news, insider Bradford N. Langs sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $26.47, for a total transaction of $145,585.00. Following the transaction, the insider directly owned 27,093 shares of the company’s stock, valued at approximately $717,151.71. The trade was a 16.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth L. Walsh purchased 4,575 shares of Carter Bankshares stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average cost of $26.20 per share, for a total transaction of $119,865.00. Following the completion of the transaction, the director directly owned 58,753 shares in the company, valued at $1,539,328.60. This represents a 8.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.38% of the company’s stock.

Carter Bankshares Profile

(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.