Carter Bankshares (NASDAQ:CARE – Free Report) had its price target lifted by Raymond James from $20.00 to $21.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.
Carter Bankshares Stock Performance
Shares of CARE stock opened at $17.30 on Thursday. Carter Bankshares has a one year low of $10.43 and a one year high of $17.45. The company’s 50-day moving average is $15.77 and its 200 day moving average is $13.73. The company has a market capitalization of $399.11 million, a price-to-earnings ratio of 30.35 and a beta of 1.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.91 and a current ratio of 0.91.
Carter Bankshares (NASDAQ:CARE – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Carter Bankshares had a net margin of 5.41% and a return on equity of 4.09%. The company had revenue of $60.12 million for the quarter, compared to the consensus estimate of $34.62 million. Sell-side analysts expect that Carter Bankshares will post 0.88 EPS for the current fiscal year.
Institutional Investors Weigh In On Carter Bankshares
About Carter Bankshares
Carter Bankshares, Inc operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposits.
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