Carter Bankshares (CARE) Projected to Post Quarterly Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) is projected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Carter Bankshares to post earnings of $0.21 per share for the quarter.

Carter Bankshares Stock Up 2.2 %

Shares of NASDAQ:CARE opened at $17.74 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market cap of $409.30 million, a price-to-earnings ratio of 28.61 and a beta of 1.00. The stock’s 50-day moving average price is $18.15 and its two-hundred day moving average price is $17.45. Carter Bankshares has a 12-month low of $10.95 and a 12-month high of $20.40.

Analyst Upgrades and Downgrades

Separately, Hovde Group assumed coverage on shares of Carter Bankshares in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $22.00 target price on the stock.

Carter Bankshares Company Profile

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.