Carter Bankshares, Inc. (NASDAQ:CARE) Stock Has Average Target Price of $30.75

Posted by Brian Himes on Sep 26th, 2026

Shares of Carter Bankshares, Inc. (NASDAQ:CARE – Get Free Report) have been given an average rating of “Hold” by the five analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $30.75.

CARE has been the subject of several recent research reports. Raymond James Financial downgraded Carter Bankshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Hovde Group reiterated a “market perform” rating and set a $34.50 target price (up from $30.00) on shares of Carter Bankshares in a research report on Monday, July 27th. Wall Street Zen lowered shares of Carter Bankshares from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Carter Bankshares in a research report on Friday, August 7th.

Check Out Our Latest Analysis on CARE

Carter Bankshares Price Performance

Shares of NASDAQ:CARE opened at $30.31 on Monday. Carter Bankshares has a 1 year low of $16.78 and a 1 year high of $36.06. The stock has a market capitalization of $671.67 million, a price-to-earnings ratio of 5.22 and a beta of 0.50. The company’s 50 day simple moving average is $32.16 and its 200 day simple moving average is $28.63.

Carter Bankshares (NASDAQ:CARE – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.91). Carter Bankshares had a net margin of 36.79% and a return on equity of 7.46%. The company had revenue of $68.68 million during the quarter, compared to the consensus estimate of $55.90 million. As a group, analysts anticipate that Carter Bankshares will post 2.02 EPS for the current fiscal year.

Carter Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. Carter Bankshares’s payout ratio is currently 6.88%.

Insider Buying and Selling at Carter Bankshares

In related news, Director Robert M. Bolton sold 1,500 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $34.60, for a total transaction of $51,900.00. Following the completion of the transaction, the director directly owned 55,000 shares of the company’s stock, valued at $1,903,000. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford N. Langs sold 2,500 shares of Carter Bankshares stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $34.54, for a total value of $86,350.00. Following the transaction, the insider directly owned 33,242 shares in the company, valued at $1,148,178.68. The trade was a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.38% of the company’s stock.

Institutional Trading of Carter Bankshares

Several institutional investors have recently added to or reduced their stakes in CARE. Sei Investments Co. lifted its position in shares of Carter Bankshares by 108.5% in the 1st quarter. Sei Investments Co. now owns 80,379 shares of the company’s stock worth $1,874,000 after purchasing an additional 41,836 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Carter Bankshares during the second quarter worth $2,433,000. Dimensional Fund Advisors LP raised its stake in Carter Bankshares by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,175,925 shares of the company’s stock worth $27,422,000 after buying an additional 52,195 shares during the last quarter. Engineers Gate Manager LP bought a new position in Carter Bankshares during the second quarter worth $707,000. Finally, Bank of America Corp DE raised its stake in Carter Bankshares by 82.5% during the first quarter. Bank of America Corp DE now owns 57,437 shares of the company’s stock worth $1,339,000 after buying an additional 25,967 shares during the last quarter. 41.48% of the stock is currently owned by institutional investors.

Carter Bankshares Company Profile

(Get Free Report)

Carter Bankshares, Inc is the bank holding company for Carter Bank & Trust, a community banking institution headquartered in Martinsville, Virginia. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations.

Carter Bank & Trust offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction and development financing, commercial and industrial loans, consumer loans and other credit products.