Carter Bankshares (NASDAQ:CARE – Get Free Report) had its price objective raised by research analysts at Raymond James from $20.00 to $21.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 21.39% from the stock’s previous close.
Carter Bankshares Stock Performance
Shares of CARE stock opened at $17.30 on Thursday. Carter Bankshares has a one year low of $10.43 and a one year high of $17.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50 day moving average price of $15.77 and a 200 day moving average price of $13.73. The firm has a market capitalization of $398.16 million, a price-to-earnings ratio of 30.35 and a beta of 1.03.
Carter Bankshares (NASDAQ:CARE – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Carter Bankshares had a net margin of 5.41% and a return on equity of 4.14%. The company had revenue of $60.12 million during the quarter, compared to analyst estimates of $34.62 million. Sell-side analysts anticipate that Carter Bankshares will post 0.88 EPS for the current year.
Institutional Investors Weigh In On Carter Bankshares
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.
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