Carter Bankshares Cut to Hold From Buy by Freedom Broker
Freedom Broker has downgraded Carter Bankshares from a "Buy" rating to a "Hold" rating. This indicates a change in the firm's investment perspective on the bank.
Carter Bankshares, Inc. (CARE) Earnings Expected to Grow: What to Know Ahead of Q1 Release
Carter Bankshares, Inc. (CARE) is anticipated to report a significant year-over-year increase in earnings and revenues for Q1 2026, with an EPS of $3.91 and revenues of $120.95 million. Despite positive estimate revisions and a Zacks Rank of #3, the company's Earnings ESP of 0% makes it difficult to conclusively predict an earnings beat. Investors considering CARE should also examine other factors, as Atlantic Union (AUB), another industry player, has a negative Earnings ESP.
Have Insiders Sold Carter Bankshares Shares Recently?
An insider at Carter Bankshares, Bradford Langs, recently sold US$146k worth of stock, reducing his holding by 17%. Over the last year, insider sales have outweighed purchases, with the largest sale by Matthew Speare occurring at a price below the current market value. While the company is profitable, the pattern of insider selling and moderate insider ownership suggests caution to investors.
Have Insiders Sold Carter Bankshares Shares Recently?
An insider at Carter Bankshares (NASDAQ:CARE), Bradford Langs, recently sold US$146k worth of stock, which amounted to a 17% reduction in their holding. Over the last year, insiders have sold more shares than they bought, with the largest single sale by Matthew Speare for US$269k at a price below the current market value. Despite insider selling, the company is profitable and growing, and insiders still own about 3.9% of the company's shares.
Have Insiders Sold Carter Bankshares Shares Recently?
An insider at Carter Bankshares (NASDAQ: CARE), Bradford Langs, recently sold US$146k worth of stock, reducing their holding by 17%. Over the last year, insiders have sold more shares than they bought, with the largest single sale by Matthew Speare for US$269k at a price below the current market value. Despite insiders owning about 3.9% of the company, and the company being profitable, the recent selling activity suggests caution for potential investors.
Carter Bankshares president sells $145,558 in stock By Investing.com
Bradford N. Langs, President and Chief Strategy Officer of Carter Bankshares, Inc. (NASDAQ:CARE), sold 5,500 shares of company stock for $145,558. This transaction occurred as the stock trades near its 52-week high after a 69% gain last year, although InvestingPro suggests it might be slightly overvalued. Despite the sale, Langs still directly owns 27,093 shares, and the company recently completed a significant nonperforming loan sale and announced its first dividend in nearly a decade.
Carter Bankshares (CARE) president sells 5,500 shares in open trade
Carter Bankshares, Inc.'s president and chief strategy officer, Bradford N. Langs, reported selling 5,500 shares of Common Stock in an open-market transaction at an average price of $26.4651 per share. Following this sale, Langs directly owns 27,093 shares of Carter Bankshares. This transaction, categorized as a high-impact negative sentiment filing, was detailed in a Form 4 SEC filing.
Precision Trading with Carter Bankshares Inc. (CARE) Risk Zones
This article provides an advanced AI-generated analysis for Carter Bankshares Inc. (CARE), highlighting strong sentiment, potential downside risk, and specific "risk zones" for precision trading. It outlines detailed institutional trading strategies, including long, breakout, and short positions, complete with entry zones, targets, and stop losses based on multi-timeframe signal analysis. The report is intended for traders utilizing AI models for risk management and optimized position sizing.
Carter Bankshares (CARE) director Walsh gifts 725 shares to mother
Carter Bankshares (CARE) director Elizabeth L. Walsh has gifted 725 shares of Common Stock to her mother, as reported in a recent Form 4 filing. This bona fide gift means she now directly holds 58,028 shares. The filing also details her indirect holdings through Lester Family Holdings, EASG, LLC, and Carriage Square.
Carter Bankshares (NASDAQ:CARE) Hits New 52-Week High - Here's What Happened
Carter Bankshares (NASDAQ:CARE) reached a new 52-week high of $27.24 before closing at $26.64. The company has a consensus "Buy" rating from analysts with an average target price of $27.50, and recently announced a quarterly dividend of $0.10 per share. Insider buying by Director Elizabeth L. Walsh further contributes to positive sentiment, despite the company missing its Q1 EPS consensus estimate.
Net loan losses of Carter Bankshares, Inc. – NASDAQ:CARE
The article focuses on the net loan losses of Carter Bankshares, Inc., traded on NASDAQ under the ticker CARE. It provides a market overview and highlights that the information is part of the financial data available for the company. The content appears to be a stub or a section heading within a larger financial data platform like TradingView.
What makes Carter Bankshares, Inc. (CARE) a strong momentum stock: Buy now?
This article analyzes Carter Bankshares, Inc. (CARE) as a strong momentum stock, highlighting its Zacks Momentum Style Score of A and discussing the factors that contribute to this positive outlook. It suggests that momentum investors should consider CARE based on its recent stock performance and earnings estimate revisions, which are key indicators for this investment strategy.
Carter Bankshares director Walsh buys $119,865 in common stock
Elizabeth L. Walsh, a director at Carter Bankshares, Inc. (NASDAQ:CARE), purchased 4,575 shares of the company's common stock for $119,865. The transaction, on May 6, 2026, occurred when the stock was near its 52-week high, reflecting an increased direct stake for Ms. Walsh. This follows recent positive news for Carter Bankshares, including a significant nonperforming loan sale and the reinstatement of its quarterly cash dividend.
Carter Bankshares, Inc. 1Q 2026: Revenue $80K, Net income $85.76M, EPS $3.88— 10-Q Summary
Carter Bankshares, Inc. reported significant first-quarter 2026 results, with net income surging to $85.76 million and diluted EPS reaching $3.88, largely driven by a $65 million non-core gain. The company's revenue, reported as gains on sales of securities, was $80 thousand. These results highlight a substantial year-over-year increase in net income and EPS, alongside strategic initiatives for organic growth and asset quality improvement.
Carter Bankshares (NASDAQ:CARE) Director Elizabeth Walsh Buys 4,575 Shares
Carter Bankshares (NASDAQ:CARE) Director Elizabeth Walsh recently purchased 4,575 shares of the company's stock, increasing her total holdings to 58,753 shares. The transaction, valued at $119,865, occurred on May 6th at an average price of $26.20 per share. The company reported Q1 EPS of $0.40, missing analyst estimates, and declared a quarterly dividend of $0.10.
Carter Bankshares (NASDAQ: CARE) director buys 4,575 common shares
Carter Bankshares director Elizabeth L. Walsh recently purchased 4,575 shares of the company's common stock at $26.20 per share in an open-market transaction. This acquisition increases her direct holdings to 58,753 shares. The filing also detailed her indirect ownership through various entities like Lester Family Holdings, EASG, LLC, and Carriage Square.
Carter Bankshares director Walsh buys $119,865 in common stock
Elizabeth L. Walsh, a director at Carter Bankshares, Inc. (NASDAQ:CARE), purchased 4,575 shares of the company's common stock for $119,865. This transaction indicates an increased direct stake for Ms. Walsh, who now directly holds 58,753 shares. The purchase occurred while the stock is near its 52-week high and follows recent positive developments for Carter Bankshares, including the sale of nonperforming loans and the reinstatement of its quarterly cash dividend.
Carter Bankshares director James Haskins sells $26,040 in stock
Carter Bankshares director James W. Haskins sold 1,000 shares of company stock for $26,040 on May 5, 2026, bringing his direct holdings to 62,702 shares. This sale occurred as the stock neared its 52-week high after a significant 68% gain. The bank recently completed a major sale of nonperforming loans, reinstated its quarterly cash dividend, and received an increased price target from Raymond James.
Carter Bankshares director James Haskins sells $26,040 in stock
James W. Haskins, a director at Carter Bankshares, Inc. (NASDAQ:CARE), sold 1,000 shares of the company’s common stock for $26,040. This sale comes as the stock trades near its 52-week high, having gained 68% in the past year, while InvestingPro analysis suggests the stock is currently overvalued. The company recently completed a major sale of nonperforming loans, reinstated its quarterly cash dividend, and received an increased price target from Raymond James.
Director at Carter Bankshares (CARE) sells 1,000 shares, retains stake
James W. Haskins, a director at Carter Bankshares (CARE), sold 1,000 shares of the company's common stock at $26.04 per share on May 5, 2026. Following this open-market transaction, Haskins directly holds 62,702 shares and an additional 1,751 shares are held indirectly by his spouse. The sale amounts to $26,040 and is classified as a "Neutral" filing impact despite a "Negative" sentiment.
Carter Bankshares Divests Bearing Insurance Group Stake
Carter Bankshares (CARE) has divested its membership interest in Bearing Insurance Group, LLC, expecting to record an estimated pre-tax gain of about $35.8 million in its second-quarter 2026 financial results. Analysts have a "Buy" rating on CARE stock with a $27.00 price target, and TipRanks' AI Analyst rates it as "Outperform" due to improving financial fundamentals and positive corporate actions.
Carter Bankshares Inc. has officially completed the sale of its equity stake in Bearing Insurance Group.
Carter Bankshares Inc. has announced the completion of the sale of its equity stake in Bearing Insurance Group. This transaction, effective May 1, 2026, was confirmed through documents filed with the U.S. Securities and Exchange Commission (SEC).
According to documents submitted to the US Securities and Exchange Commission (SEC), Carter Bankshares Inc, the holding company of Carter Bank & Trust, expects a transaction to generate approximately $35.8 million in pre-tax gains.
Carter Bankshares Inc, the holding company of Carter Bank & Trust, anticipates a pre-tax gain of approximately $35.8 million from a transaction. This financial forecast, detailed in documents submitted to the SEC, indicates the income will be recognized in the second quarter of 2026. The company highlights this as a potentially positive impact on its future performance.
Major loan sale lifts Carter Bankshares (NASDAQ: CARE) Q1 profit and capital
Carter Bankshares (NASDAQ: CARE) reported a significant improvement in its Q1 2026 financial results, with net income surging to $85.8 million, largely due to the sale of its largest legacy nonperforming loan relationship, which generated $98.0 million in combined gain, recovery, and reserve release. This transaction enhanced asset quality, reducing nonperforming loans to 0.64% of portfolio loans and strengthening the bank's capital and liquidity positions, with a Common Equity Tier 1 ratio of 13.52% and approximately $1.6 billion in total available liquidity. While the one-time gain boosted profitability metrics, adjusted net income and return figures provide a clearer view of underlying operational performance.
Carter Bankshares Inc. has officially completed the sale of its equity stake in Bearing Insurance Group.
Carter Bankshares Inc. has finalized the sale of its equity stake in Bearing Insurance Group, a transaction officially taking effect on May 1, 2026. This information was disclosed in documents filed with the U.S. Securities and Exchange Commission (SEC). The article notes that its content reflects the author's opinion and is not investment advice.
Carter Bankshares Divests Bearing Insurance Group Stake
Carter Bankshares (CARE) has completed the sale of its membership interest in Bearing Insurance Group, LLC, expecting a pre-tax gain of approximately $35.8 million in the second quarter of 2026. This divestiture is anticipated to boost the bank's earnings and provide capital flexibility. TipRanks' AI Analyst, Spark, rates CARE as Outperform due to improving financial fundamentals, cash flow quality, and positive corporate actions.
According to documents submitted to the US Securities and Exchange Commission (SEC), Carter Bankshares Inc, the holding company of Carter Bank & Trust, expects a transaction to generate approximately $35.8 million in pre-tax gains.
Carter Bankshares Inc., the holding company for Carter Bank & Trust, anticipates a pre-tax gain of approximately $35.8 million from an upcoming transaction. This gain is expected to be recognized in the second quarter of 2026, as per documents filed with the US Securities and Exchange Commission (SEC). The financial forecast highlights a significant positive impact on the company's future performance.
Carter Bankshares (NASDAQ: CARE) to record $35.8M pre-tax gain on Bearing Insurance sale
Carter Bankshares (NASDAQ: CARE) has completed the sale of its membership interest in Bearing Insurance Group, LLC, expecting to recognize a pre-tax gain of approximately $35.8 million in the second quarter of 2026. This transaction became effective on May 1, 2026, and is expected to provide a significant, one-time boost to the company's earnings. The company noted that this estimate is forward-looking and subject to potential post-closing adjustments and other risks.
According to documents submitted to the US Securities and Exchange Commission (SEC), Carter Bankshares Inc, the holding company of Carter Bank & Trust, expects a transaction to generate approximately $35.8 million in pre-tax gains.
Carter Bankshares Inc, the holding company of Carter Bank & Trust, anticipates a pre-tax gain of approximately $35.8 million from an upcoming transaction. This financial benefit is expected to be recognized in the second quarter of 2026. The announcement was made based on documents submitted to the US Securities and Exchange Commission (SEC).
Vanguard (CARE) files Schedule 13G: 1.13M shares (5.10%) disclosed
Vanguard Capital Management has disclosed a 5.10% stake in Carter Bankshares (CARE), amounting to 1,130,904 shares, through a Schedule 13G filing. This filing indicates a passive investment, with Vanguard having sole dispositive power over all disclosed shares and sole voting power for 145,921 shares. The disclosure was made on April 29, 2026, and signals institutional interest without indicating any activist intent.
EVP at Carter Bankshares (CARE) receives 1,850-share stock award
Jane Ann Davis, Executive Vice President and Chief Administrative Officer at Carter Bankshares (CARE), received a restricted stock award of 1,850 common shares. This compensation award, with a grant price of $0.00 per share, increases her direct holdings to 13,984 shares. The shares are subject to a three-year vesting schedule, fully vesting on April 27, 2029, tying her compensation to long-term performance and service.
Carter Bank & Trust Declares Quarterly Dividend
Carter Bank & Trust has announced a quarterly dividend of $0.10 per share, payable on May 25, reflecting its commitment to shareholder returns and stable cash flow. The company shows solid financial performance with GAAP EPS of $0.38 and revenue of $39.86 million, contributing to a forward yield of 1.64%. These financial indicators, along with a supportive Seeking Alpha Quant Rating, suggest potential for long-term investment value.
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, payable on May 25, 2026, to shareholders of record as of May 11, 2026. This dividend reflects the company's improved financial metrics and strong fundamentals, marking the first quarterly cash dividend in nearly 10 years. Based in Martinsville, VA, Carter Bankshares offers a full range of banking services through its subsidiary, Carter Bank.
Carter Bankshares (NASDAQ:CARE) Price Target Raised to $28.00
Hovde Group has increased its price target for Carter Bankshares (NASDAQ:CARE) to $28.00, maintaining an "outperform" rating and implying a 17.35% upside. This follows several upgrades from other research firms, contributing to a consensus "Buy" rating with an average target of $25.00. Despite missing EPS estimates, the company reported strong revenue, and institutional investors have demonstrably increased their holdings.
Carter Bankshares, Inc. (NASDAQ:CARE) Given Average Rating of "Buy" by Analysts
Carter Bankshares (NASDAQ:CARE) has received an average "Buy" rating from analysts, with a one-year average price target of $25.00, including recent upgrades. The company reported quarterly EPS of $0.40, missing the consensus of $0.49, but revenue exceeded expectations at $106.91 million. Carter Bankshares also declared a quarterly dividend of $0.10, representing an annualized yield of 1.7%.
First Carter Bankshares (NASDAQ: CARE) quarterly dividend in nearly 10 years
Carter Bankshares (NASDAQ: CARE) has reinstated its quarterly cash dividend, declaring $0.10 per share, marking the first such dividend in nearly 10 years. This decision, announced in an 8-K filing, reflects the company's improved financial metrics and strong operating performance. The dividend is payable on May 25, 2026, to shareholders of record on May 11, 2026, resulting in an annualized dividend yield of 1.64% based on the April 21, 2026 closing price.
Carter Bankshares, Inc. (NASDAQ:CARE) Declares Quarterly Dividend of $0.10
Carter Bankshares, Inc. (NASDAQ:CARE) has announced a quarterly dividend of $0.10 per share, to be paid on May 25th to shareholders of record on May 11th, representing an annual yield of approximately 1.7%. Despite this, the company's stock traded down 2.1% to $23.86 after reporting Q1 earnings of $0.40 EPS, missing analyst estimates. Institutional investors, including Fourthstone and Goldman Sachs, have recently increased their holdings in the company.
Carter Bankshares (NASDAQ:CARE) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS
Carter Bankshares (NASDAQ:CARE) reported its quarterly earnings, with an EPS of $0.40, missing the consensus estimate of $0.49 by $0.09. Despite the earnings miss, the company's revenue of $106.91 million significantly exceeded analysts' expectations of $42.47 million. Analysts have maintained a "Buy" rating for the stock, with institutional investors increasing their stakes, reflecting continued confidence in the company.
Carter Bankshares Releases Q1 2026 Financial Results
Carter Bankshares, Inc. (CARE) reported adjusted earnings of $0.40 per share for the first quarter of 2026, missing the Wall Street consensus by 2.4%, with net income reaching $85.8M. Despite the slight earnings miss, the bank demonstrated annualized net loan growth of 6.1% and maintained 63 branches. Analyst sentiment remains largely positive, with 6 buy ratings and 1 hold rating, indicating confidence in its strategic direction and growth in a challenging regional banking environment.
Carter Bankshares Releases Q1 2026 Financial Results
Carter Bankshares (CARE) reported Q1 2026 adjusted earnings of $0.40 per share, missing consensus estimates by 2.4%. Despite the earnings miss, net income reached $85.8 million, driven by 6.1% annualized net loan growth, and analyst sentiment remains largely positive with 6 buy ratings and 1 hold rating. The bank continues to focus on expanding its commercial lending and maintaining its physical presence across the Mid-Atlantic.
Carter Bankshares Declares Quarterly Cash Dividend to Shareholders
Carter Bankshares (CARE) announced a quarterly cash dividend of $0.10 per share, payable on May 25, 2026, to shareholders of record as of May 11, 2026. This dividend represents an annualized yield of 1.64% based on the April 21, 2026, closing price, highlighting the bank holding company's commitment to returning capital to investors. Spark, TipRanks' AI Analyst, views CARE as "Neutral" due to solid financial performance, improved profitability, and positive corporate events, despite historical volatility.
Carter Bankshares reinstates quarterly dividend after decade By Investing.com
Carter Bankshares, Inc. announced a quarterly cash dividend of $0.10 per share, marking the first such dividend in nearly a decade. This decision reflects the company's improved financial metrics and strong operating performance, with an annualized dividend yield of 1.64% based on recent stock prices. The announcement follows a 59% stock return over the past year and comes after the bank successfully sold nonperforming loans for $289.48 million.
Carter Bankshares, Inc. Declares Quarterly Dividend
Carter Bankshares, Inc. (NASDAQ:CARE) has announced a quarterly cash dividend of $0.10 per share, payable on May 25, 2026, to shareholders of record as of May 11, 2026. This dividend, reflecting improved financial metrics and strong operating performance in early 2026, marks the company's first quarterly cash dividend in nearly ten years. The annualized dividend yield is 1.64% based on the April 21, 2026 closing stock price of $24.44.
Carter Bankshares, Inc. Declares Quarterly Dividend
The board of directors of Carter Bankshares, Inc. (NASDAQ:CARE) approved a cash dividend of $0.10 per share, payable on May 25, 2026, to shareholders of record as of May 11, 2026. This reinstatement of the quarterly dividend marks an important milestone for the company, reflecting improved financial metrics, strong fundamentals, and operating performance in the first quarter of 2026. This is the first quarterly cash dividend in nearly 10 years, with an annualized yield of 1.64% based on the closing stock price on April 21, 2026.
First quarterly cash dividend in nearly 10 years at Carter Bankshares
Carter Bankshares, Inc. (NASDAQ: CARE) has declared a quarterly cash dividend of $0.10 per share, marking the first such dividend in nearly 10 years. This reinstatement is attributed to improved financial metrics and strong operating performance in the first quarter of 2026. The dividend is payable on May 25, 2026, to shareholders of record as of May 11, 2026, and represents an annualized yield of 1.64% based on the April 21, 2026 closing price.
Carter Bankshares reinstates quarterly dividend after decade
Carter Bankshares, Inc. (NASDAQ:CARE) has announced the reinstatement of its quarterly cash dividend at $0.10 per share, marking the first time in nearly a decade. This decision reflects the company's improved financial metrics and strong performance in Q1 2026, alongside a 59% stock return over the past year. Despite being considered overvalued by InvestingPro, analysts anticipate continued profitability for the bank.
Carter Bankshares (CARE) EVP has 296 shares withheld for tax obligations
Jane Ann Davis, EVP and Chief Administrative Officer of Carter Bankshares (CARE), had 296 shares of Common Stock withheld on April 20, 2026, to cover tax obligations at a price of $24.24 per share. Following this transaction, she directly owns 12,134 shares of Carter Bankshares Common Stock. This was a tax-withholding disposition, not an open-market sale, and is reflected in the SEC Form 4 filing.
Carter Bankshares, Inc. Declares Quarterly Dividend
Carter Bankshares, Inc. announced a quarterly cash dividend of $0.10 per share, payable on May 25, 2026, to shareholders of record as of May 11, 2026. This marks the first quarterly dividend in nearly 10 years for the company, reflecting improved financial metrics and strong operating performance. Based in Martinsville, VA, Carter Bankshares offers commercial and consumer banking services through its subsidiary Carter Bank, with $4.8 billion in assets and 63 branches.
Carter Bankshares Inc expected to post earnings of 40 cents a share - Earnings Preview
Carter Bankshares Inc (CARE) is anticipated to announce earnings of 40 cents per share. This information is based on a Refinitiv earnings preview. The company's stock symbol is CARE.
Carter Bankshares, Inc. Experiences Revision in Its Stock Evaluation Amid Market Dynamics
Carter Bankshares, Inc. has seen a revision in its stock evaluation, with its current price at $24.29. The company has demonstrated strong performance over the past year, achieving a 67.52% return and outperforming the S&P 500. Its key financial metrics, including P/E ratio, price-to-book value, and return on equity, position it competitively within the regional banking sector compared to peers like Red River Bancshares and Guaranty Bancshares.
