Carter Bankshares (NASDAQ:CARE) Issues Quarterly Earnings Results

Carter Bankshares (NASDAQ:CARE) announced its quarterly earnings data on Thursday. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16, Zacks reports. Carter Bankshares had a return on equity of 4.17% and a net margin of 6.07%.

Carter Bankshares Stock Up 0.8 %

NASDAQ CARE opened at $17.68 on Thursday. Carter Bankshares has a 1-year low of $10.95 and a 1-year high of $20.40. The company has a market capitalization of $407.76 million, a price-to-earnings ratio of 28.47 and a beta of 1.00. The stock’s 50 day moving average is $18.10 and its two-hundred day moving average is $17.47. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

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

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.