Carter Bankshares, Inc.: CEO Litz Van Dyke Reflects on 10 Years with Carter Bank
Litz Van Dyke, CEO of Carter Bank, recently celebrated ten years with the organization, including nine years as CEO. Under his leadership, Carter Bank has expanded into new markets, adopted new technologies, and undergone a significant rebrand. Van Dyke reflects on challenges like the global pandemic, the importance of building a strong management team, and the bank's commitment to its communities, associates, and customers.
CEO Litz Van Dyke Reflects on 10 Years with Carter Bank
Litz Van Dyke, CEO of Carter Bank, recently celebrated a decade with the company, including nine years as CEO. Under his leadership, the bank has seen significant growth, expanded into new markets, adopted new technologies, and undergone a major rebrand. Van Dyke reflects on challenges like the global pandemic, the importance of his management team, and the bank's commitment to its values, associates, customers, and communities.
Carter Bankshares, Inc. (NASDAQ:CARE) Receives Consensus Rating of "Hold" from Brokerages
Carter Bankshares, Inc. (NASDAQ:CARE) has received a consensus "Hold" rating from brokerages, with an average 12-month price target of $30.75. The company recently reported quarterly EPS of $0.53, missing estimates, but revenue exceeded expectations. Insider selling and institutional investment details are also highlighted.
Carter Bankshares (CARE) director holds 18,056 shares after stock sale
Carter Bankshares director Catharine L. Midkiff sold 1,000 shares of common stock at $31.25 per share on September 11, 2026, and now holds a combined total of 18,056 shares. This transaction, reported in an amended Form 4 filing, was not made under a Rule 10b5-1 trading plan. After the sale, she directly holds 16,856 shares and indirectly holds 1,200 shares through her spouse.
Carter Bankshares Director Catharine L. Midkiff Disposes of 1,000 Shares at $31.25 Each (NASDAQ: CARE)
Catharine L. Midkiff, a director at Carter Bankshares (NASDAQ: CARE), sold 1,000 shares of the company's stock at $31.25 per share. This transaction, which occurred on September 11, 2026, reduced her holdings by approximately 5.6%, leaving her with 16,856 shares. The sale details were reported via a Form 4/A filing.
Carter Bankshares Director Catharine Midkiff Sells 1,000 Shares at $31.25 Each
Carter Bankshares Director Catharine L. Midkiff sold 1,000 shares of common stock at $31.25 each on September 11, 2026. Following the transaction, Midkiff directly holds 16,856 shares, with an additional 1,200 shares held indirectly by her spouse. The sale was reported in an amended Form 4 filing.
Carter Bankshares director Midkiff to sell $31,250 in stock
Catharine L. Midkiff, a director at Carter Bankshares, Inc. (NASDAQ:CARE), is planning to sell 1,000 shares of common stock for $31.25 per share, totaling $31,250. This transaction will leave her with 16,856 directly owned shares and 1,200 indirectly owned by her spouse. This news follows a recent downgrade of Carter Bank & Trust from "Outperform" to "Market Perform" by Raymond James, despite the stock's strong performance over the past year.
Carter Bankshares (CARE) director sells 1,000 shares
A director at Carter Bankshares (CARE), Catharine L. Midkiff, sold 1,000 shares of common stock on September 11, 2026, at $31.25 per share. Following this transaction, she directly holds 16,856 shares and her spouse indirectly holds 1,200 shares. The sale was reported as an open market or private transaction, and no Rule 10b5-1 trading plan was indicated.
Carter Bankshares director Midkiff disposes of $31,250 in shares By Investing.com
Catharine L. Midkiff, a director at Carter Bankshares, Inc. (NASDAQ:CARE), sold 1,000 shares of company common stock for $31.25 per share, totaling $31,250 on September 11, 2026. Following this transaction, Ms. Midkiff directly holds 16,856 shares, with an additional 1,200 shares indirectly owned by her spouse. The sale comes after a significant 59% gain in CARE shares over the past year, while the stock is considered slightly overvalued relative to its Fair Value despite a low P/E ratio of 5.42.
Bank of New York Mellon Corp Makes New $2.43 Million Investment in Carter Bankshares, Inc. $CARE
Bank of New York Mellon Corp has made a new $2.43 million investment in Carter Bankshares, Inc., acquiring 71,536 shares which represent a 0.32% stake in the company. Other institutional investors have also adjusted their positions in CARE, and collective institutional ownership stands at 41.48%. Carter Bankshares recently reported quarterly revenue exceeding estimates but missed earnings per share forecasts, and analysts largely rate the stock as "Hold" with a consensus price target of $30.75.
(CARE) as a Liquidity Pulse for Institutional Tactics
This article analyzes Carter Bankshares Inc. (NASDAQ: CARE) using AI models, highlighting positive near-term sentiment with a potential mid-term weak bias within a long-term strong context. It identifies resistance being tested and presents three institutional trading strategies (Position, Momentum Breakout, and Risk Hedging) with specific entry, target, and stop-loss levels. The analysis also includes multi-timeframe signal strengths, support, and resistance levels for the stock.
Carter Bankshares, Inc. (NASDAQ:CARE) Given Average Rating of "Hold" by Brokerages
Carter Bankshares, Inc. (NASDAQ:CARE) has received an average "Hold" rating from brokerages, with four out of five analysts recommending holding the stock and one suggesting a buy. The average 12-month price target is set at $30.75. Despite missing EPS estimates, the company's recent quarterly revenue exceeded expectations, and it maintains a quarterly dividend of $0.10 per share.
Carter Bankshares and Subsidiary Successfully Settle Lawsuit Filed by Justice Family
Carter Bankshares, Inc. announced the voluntary dismissal with prejudice of a lawsuit filed by James C. Justice, II and affiliated parties against the company and its subsidiary, Carter Bank & Trust. The lawsuit was originally filed in the Circuit Court of Greenbrier County, West Virginia. The dismissal was confirmed in a Form 8-K filing on August 17, 2026.
Carter Bankshares lawsuit voluntarily dismissed with prejudice
Carter Bankshares announced that a lawsuit filed against it by James C. Justice II and related parties in Greenbrier County was voluntarily dismissed with prejudice. This dismissal prevents the Justice Parties from refiling the same claims in that court, resolving the claims against Carter Bankshares and its subsidiary Carter Bank & Trust. The information is based on an SEC filing from August 17, 2026.
Fourthstone group updates minimal Carter Bankshares (CARE) stake in Schedule 13G/A
Fourthstone LLC and related entities have filed an amended Schedule 13G/A for Carter Bankshares (CARE), reporting a beneficial ownership of 100 shares, which constitutes 0.00% of the company's outstanding common stock. This filing indicates that the shares were acquired in the ordinary course of business for advisory clients and not to influence control of Carter Bankshares. The reporting group confirms ownership of 5% or less of the class, aligning with passive investment disclosure requirements.
Carter Bankshares (NASDAQ: CARE) unveils 1,000,000-share dividend reinvestment plan
Carter Bankshares (NASDAQ: CARE) has established a new Dividend Reinvestment and Stock Purchase Plan, allowing existing shareholders to acquire up to 1,000,000 additional shares. Participants can buy shares through reinvested dividends and optional cash purchases, with the plan administered by Computershare Trust Company, N.A. Dividend reinvestments will commence for dividends declared and paid after August 24, 2026, excluding a previously declared dividend payable on that date.
Form 8K Carter Bank and Trust For: 11 August By Investing.com
This article reports on the filing of a Form 8K by Carter Bank and Trust for August 11. Form 8K filings are used by public companies to announce major events that shareholders should know about. The brief article provides no further details on the specific content of the filing.
Carter Bankshares, Inc. Establishes Dividend Reinvestment and Stock Purchase Plan
Carter Bankshares, Inc. (NASDAQ:CARE) has announced the establishment of a Dividend Reinvestment and Stock Purchase Plan, offering up to 1,000,000 shares to existing shareholders. The plan allows participants to purchase additional common stock through dividend reinvestment and cash purchases, with administration handled by Computershare Trust Company, N.A. The first eligible dividend reinvestment will occur after August 24, 2026.
Carter Bankshares launches dividend reinvestment plan offering up to 1,000,000 shares
Carter Bankshares (CARE) has established a Dividend Reinvestment and Stock Purchase Plan (DRIP) offering up to 1,000,000 shares to existing shareholders. This plan allows for the reinvestment of dividends and optional cash purchases, with dividend reinvestments commencing after August 24, 2026. The plan is administered by Computershare Trust Company, N.A., and details are available in an S-3D filing effective August 11, 2026.
Carter Bankshares, Inc. Establishes Dividend Reinvestment and Stock Purchase Plan
Carter Bankshares, Inc. (NASDAQ:CARE) has announced the establishment of a Dividend Reinvestment and Stock Purchase Plan, offering up to 1,000,000 shares to existing shareholders. This plan allows participants to purchase additional common stock through dividend reinvestment and cash purchases. The plan will be administered by Computershare Trust Company, N.A., and shareholders can enroll at any time.
Dimensional Fund Advisors LP Raises Stake in Carter Bankshares, Inc. $CARE
Dimensional Fund Advisors LP increased its stake in Carter Bankshares, Inc. by 4.6% in the first quarter, now holding 1.18 million shares valued at $27.4 million. Despite reporting strong revenue of $90.2 million, Carter Bankshares missed earnings estimates, posting $0.53 EPS against a $1.44 consensus. The company declared a quarterly dividend of $0.10 per share, and analysts currently hold a "Hold" rating with a target price below its current trading price of $35.11.
Sei Investments Co. Grows Stock Holdings in Carter Bankshares, Inc. $CARE
Sei Investments Co. significantly increased its stake in Carter Bankshares, Inc. (NASDAQ:CARE) by 108.5% in the first quarter, now owning 80,379 shares valued at $1.87 million. Despite this, analyst sentiment remains neutral with an average "Hold" rating and a consensus price target below its current trading price. Carter Bankshares recently reported a miss on EPS and revenue estimates but declared a quarterly dividend of $0.10 per share.
Arrowstreet Capital Limited Partnership Decreases Stock Holdings in Carter Bankshares, Inc. $CARE
Arrowstreet Capital Limited Partnership significantly reduced its stake in Carter Bankshares, Inc. (NASDAQ:CARE) by 75.2% in the first quarter, now holding 11,601 shares valued at $271,000. Other institutional investors have also adjusted their positions in the company. Carter Bankshares reported disappointing Q1 earnings, missing both EPS and revenue estimates, but has declared a quarterly dividend of $0.10 per share.
Carter Bankshares (NASDAQ:CARE) Lowered to "Hold" Rating by Wall Street Zen
Wall Street Zen has downgraded Carter Bankshares (NASDAQ:CARE) to a "Hold" rating from "Buy," aligning with the majority of analysts who also rate the stock as "Hold." This downgrade follows the company's recent earnings report, which significantly missed consensus estimates for both EPS and revenue. Insiders have also sold a notable number of shares in the past 90 days.
Carter Bankshares, Inc. Q2 2026: Revenue $61.5M, Net income $28.9M, EPS $1.31— 10-Q Summary
Carter Bankshares, Inc. reported strong financial results for Q2 2026, with revenue of $61.5M, net income of $28.9M, and diluted EPS of $1.31, all showing significant year-over-year increases. These improvements were driven by higher net interest income, margin expansion, and strategic portfolio actions. The company also expanded its market presence and enhanced its credit profile and liquidity through operational moves.
Carter Bankshares Inc (CARE) Stock News Today
This article from TradingKey provides current information for Carter Bankshares Inc (CARE) stock. It includes the stock's current price and daily performance, market capitalization, and P/E ratio. The article notes that more news, earnings, and analyst ratings will be available soon.
Carter Bankshares Inc (CARE) Earnings Forecast: Future EPS & Revenue Growth Estimates
This article provides an earnings forecast for Carter Bankshares Inc (CARE), highlighting its current earnings forecast score of 6.50 within the Banking Services industry. It details analyst ratings, target prices, and expected future EPS and revenue figures. The consensus among 5 analysts points to a "Buy" trend for the stock.
Director Gregory Feldmann of Carter Bankshares (CARE) gifts 280 shares
Gregory W. Feldmann, a director at Carter Bankshares (CARE), made a bona fide gift transfer of 280 shares of common stock to university alumni on August 4, 2026. Following this transaction, Feldmann directly holds 16,921 shares of Carter Bankshares common stock. The gifted shares were valued at $35.16 per share, and this insider activity is classified as neutral in impact and sentiment.
Carter Bankshares, Inc. (NASDAQ:CARE) Given Consensus Recommendation of "Hold" by Analysts
Carter Bankshares, Inc. (NASDAQ:CARE) has received a consensus "Hold" rating from analysts, with an average 12-month target price of $30.75. Recent analyst actions include downgrades from Freedom Capital and Raymond James, and upgrades from Wall Street Zen and Weiss Ratings. The company recently announced a quarterly dividend of $0.10 per share and reported Q2 earnings of $0.53 EPS, missing estimates, despite revenue exceeding expectations.
Vanguard Capital Management (CARE) discloses 1.1M-share Carter Bankshares position
Vanguard Capital Management LLC has disclosed beneficial ownership of 1,101,459 shares of Carter Bankshares Inc common stock, representing 4.95% of the class, through an amended Schedule 13G filing. Vanguard holds sole voting power over 145,582 shares and sole dispositive power over all 1,101,459 shares. The filing specifies that these holdings include securities managed by Vanguard funds and client accounts, with no single person holding more than a 5% interest through these reported holdings.
Carter Bankshares director Robert Bolton sells $51,900 in shares
Robert M. Bolton, a director at Carter Bankshares, Inc. (NASDAQ:CARE), sold 1,500 shares of company stock for $34.6 per share, totaling $51,900 on July 30, 2026. This transaction occurred as the stock neared its 52-week high after a 99% return over the past year. Bolton still directly owns 12,629 shares and indirectly holds 55,000 shares through Iron Bay Fund.
Insider Selling: Carter Bankshares (NASDAQ:CARE) Director Sells 1,500 Shares of Stock
Carter Bankshares Director Robert Bolton sold 1,500 shares of company stock for $51,900, reducing his stake by 2.65% to 55,000 shares. The sale occurred on Thursday, July 30th, with shares trading at an average price of $34.60. Despite missing EPS estimates, the bank's stock rose 0.3% to $34.62, nearing its 52-week high, and it announced a quarterly dividend of $0.10 per share.
Carter Bankshares director Robert Bolton sells $51,900 in shares
Carter Bankshares director Robert Bolton sold 1,500 shares of company stock for $51,900, with the stock trading near its 52-week high after a significant return over the past year. Bolton still directly and indirectly holds a substantial number of shares. This transaction follows other recent news for Carter Bank & Trust, including a large sale of non-performing loans and analyst downgrades.
Carter Bankshares (CARE) director sells 1,500 shares of common stock
Carter Bankshares director Robert M. Bolton indirectly sold 1,500 shares of Common Stock at $34.60 per share on July 30, 2026, through Iron Bay Fund (Limited Partner). Following this transaction, Bolton holds 55,000 indirectly held shares and 12,629 directly held shares. The sale was not conducted under a Rule 10b5-1 trading plan.
Carter Bankshares president Langs sells $86,339 in company stock
Bradford N. Langs, President and Chief Strategy Officer of Carter Bankshares, Inc. (NASDAQ:CARE), sold 2,500 shares of company stock on July 30, 2026, for a total of $86,339. This sale occurred while the stock was trading near its 52-week high, following a significant 99% return over the past year. In related news, Carter Bank & Trust recently sold non-performing loans for an $80 million gain, leading to downgrades from Freedom Broker and Raymond James, despite raising Freedom Broker's price target.
Carter Bankshares (CARE) president Langs sells 2500.0000 shares at $34.5358
Bradford N. Langs, President and Chief Strategy Officer of Carter Bankshares (CARE), sold 2,500 shares of common stock on July 30, 2026, at a price of $34.5358 per share. This open market transaction reduced his direct holdings to 33,242 shares, and the filing indicated that a Rule 10b5-1 trading plan was not used for this sale.
CARE|Carter Bankshares Inc|Price:34.311|Chg%:+0.181
This article from TradingKey provides a comprehensive stock analysis of Carter Bankshares Inc (CARE), highlighting its strong fundamentals, high growth potential, and fair valuation. It notes high institutional ownership and a medium-term upward trend expectation for the stock price, despite recent sideways trading. The analysis also details the company's strengths, such as high profit growth, and risks, including overvaluation and institutional selling, along with peer comparisons.
Carter Bankshares Inc (CARE) Financial Health: Profitability & Balance Sheet Analysis
Carter Bankshares Inc (CARE) has a current financial score of 8.67, placing it 85th out of 394 in the Banking Services industry, indicating a stable financial status and high operating efficiency. The company recently reported a quarterly revenue of $104.05 million, marking a 200.71% year-over-year increase, and experienced an 855.85% year-over-year rise in net profit. While its financial health and operational efficiency scores are high, detailed data for quality of earnings, growth potential, and shareholder returns have not yet been disclosed.
CARE|Carter Bankshares Inc|Price:34.530|Chg%:+0.460
This article provides a detailed financial overview and market analysis of Carter Bankshares Inc (CARE), including real-time quotes, key figures, and analyst ratings. It highlights that the company's fundamentals are healthy with high growth potential, though its valuation is considered fair. Analysts have given a "Buy" rating with a target price of 30.33, indicating an expected upward trend in the medium term despite recent sideways trading.
Carter Bankshares posts Q2 2026 results; reinstates dividend, $4.8B assets, CET1 14.26%
Carter Bankshares (CARE) announced its second-quarter 2026 results, reporting $4.8 billion in assets and a CET1 ratio of 14.26%. Key financial highlights include $28.9 million in net income for Q2, adjusted net income of $11.6 million, and adjusted diluted EPS of $0.53. The company also reinstated its quarterly cash dividend and executed portfolio actions, including selling its largest non-performing loan.
Carter Bankshares (NASDAQ: CARE) earns $28.9M and lifts asset quality in Q2 2026
Carter Bankshares (NASDAQ: CARE) reported a net income of $28.9 million for Q2 2026, with an adjusted net income of $11.6 million. The company significantly improved its asset quality, reducing nonperforming loans to 1.01% of portfolio loans from 6.69% a year prior, primarily due to resolving a large nonperforming relationship. Carter Bankshares also maintained strong liquidity and capital positions, with a CET1 ratio of 14.26% and total available liquidity at 237.9% of uninsured deposits, alongside strategic investments and share repurchases.
Carter Bankshares Inc (CARE) Shareholder Structure: Major Shareholders & Institutional Holdings
This article details the shareholder structure and institutional holdings of Carter Bankshares Inc (CARE). It lists major institutional shareholders, their respective proportions, and changes in their holdings. The report also categorizes shareholder types and outlines the evolution of institutional shareholding over recent quarters.
CARE|Carter Bankshares Inc|Price:34.010|Chg%:+0.110
Carter Bankshares Inc (CARE) is trading at $34.010, up 0.110% or 0.32%. The company, a bank holding company for Carter Bank & Trust, offers a full range of commercial, consumer, and mortgage banking services. Key executives and their shareholdings are detailed, with Litz H. Van Dyke serving as CEO and Chairman of the Board, James W. Haskins.
Carter Bankshares, Inc. Revenue Breakdown – NASDAQ:CARE
Carter Bankshares, Inc. (NASDAQ: CARE) generated $153.22 million in revenue last year, primarily from its Banking and Related Activities segment. This represents an increase from $135.82 million in the previous year. The entirety of this revenue was contributed by operations within the United States.
Carter Bankshares (NASDAQ:CARE) Reaches New 12-Month High - What's Next?
Carter Bankshares (NASDAQ:CARE) recently hit a new 52-week high of $35.14, closing near $34.99 after a 2.7% daily increase, despite cautious analyst sentiment and a consensus "Hold" rating with an average target price of $28.50. The company reported mixed quarterly results, missing EPS estimates but exceeding revenue expectations, and declared a quarterly dividend of $0.10 per share. Insider transactions included a director's purchase of shares and an insider's sale, while institutional investors showed varied activity in their holdings.
Carter Bankshares declares $0.10 quarterly dividend
Carter Bankshares, Inc. (NASDAQ:CARE) has announced a quarterly cash dividend of $0.10 per share. This dividend is payable on August 24, 2026, to shareholders of record as of August 10, 2026, with an annualized yield of 1.22% based on a recent closing stock price. The company operates 63 branches across Virginia and North Carolina and manages $4.8 billion in assets.
Carter Bankshares declares $0.10 quarterly dividend
Carter Bankshares, Inc. (NASDAQ:CARE) has announced a quarterly cash dividend of $0.10 per share, payable on August 24, 2026, to shareholders of record as of August 10, 2026. Based on the closing stock price on July 22, 2026, the annualized dividend yield stands at 1.22%. The company, headquartered in Martinsville, Virginia, reported $4.8 billion in assets and operates 63 branches across Virginia and North Carolina as of June 30, 2026.
Carter Bankshares, Inc. Declares Quarterly Dividend
Carter Bankshares, Inc. (NASDAQ:CARE) announced that its board of directors approved a cash dividend of $0.10 per share on July 22, 2026. This translates to an annualized dividend yield of 1.22% based on the closing stock price of $32.92 on the same date. The dividend is scheduled to be paid on August 24, 2026, to shareholders of record as of August 10, 2026.
Carter Bankshares, Inc. Announces Second Quarter 2026 Financial Results
Carter Bankshares, Inc. announced its financial results for the second quarter of 2026, reporting a net income of $28.9 million, or $1.31 diluted EPS. This compares to $85.8 million, or $3.88 diluted EPS, in the first quarter of 2026 and $8.5 million, or $0.37 diluted EPS, in the second quarter of 2025. The results include significant non-recurring gains from the sale of its membership interest in Bearing Insurance Group, LLC and a loan sale transaction, alongside a pre-tax loss incurred from a portfolio repositioning strategy.
Carter Bankshares' Insurance Sale Adds $35.9M Gain in Q2
Carter Bankshares reported net income of $28.9 million, or $1.31 diluted EPS, for Q2 2026, significantly bolstered by a $35.9 million pre-tax gain from the sale of its interest in Bearing Insurance Group. This transaction, alongside a prior loan sale, contributed substantially to nonrecurring gains, allowing the company to strategically reposition its securities portfolio for improved future earnings. Despite a decrease in reported net income compared to Q1 2026, the company saw an increase in net interest income and net interest margin, while also managing an increase in nonperforming loans.
