Carter Bankshares (NASDAQ:CARE) Posts Earnings Results

Carter Bankshares (NASDAQ:CARE) released its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21, Zacks reports. The business had revenue of $60.12 million during the quarter, compared to the consensus estimate of $34.62 million. Carter Bankshares had a net margin of 5.41% and a return on equity of 4.14%.

Carter Bankshares Price Performance

Shares of CARE stock opened at $16.85 on Friday. The firm has a fifty day moving average of $14.04 and a two-hundred day moving average of $13.39. The firm has a market cap of $387.72 million, a P/E ratio of 29.56 and a beta of 1.04. Carter Bankshares has a 1-year low of $10.43 and a 1-year high of $17.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.92.

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.