12 Month Price Forecast For CARE
Distance to CARE Price Forecasts
CARE Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 4:06 AM UTC
CARE Analyst Ratings & Price Targets
Based on our analysis of 6 Wall Street analysts, CARE has a consensus that is bullish. The median price target is $24.00, with forecasts ranging from $21.00 to $24.00. Currently, there are 3 Buy ratings, 0 Hold ratings, and 0 Sell ratings.
With CARE currently trading at $17.54, the median price forecast suggests a 36.8% upside. The most optimistic forecast comes from at , projecting a 36.8% upside, while Steve Moss at Raymond James provides the most conservative target, suggesting a 19.7% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
CARE Analyst Consensus
CARE Price Target Range
Latest CARE Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for CARE.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Oct 2, 2024 | Hovde Group | Feddie Strickland | Outperform | Initiates | $22.00 |
| Aug 29, 2024 | Raymond James | Steve Moss | Outperform | Maintains | $21.00 |
| May 1, 2023 | Raymond James | Steve Moss | Outperform | Upgrade | $17.00 |
| Apr 6, 2023 | Raymond James | Steve Moss | Market Perform | Reinstates | $0.00 |
| Dec 5, 2022 | Piper Sandler | Casey Orr Whitman | Neutral | Reinstates | $19.00 |
| Oct 6, 2022 | DA Davidson | Kevin Fitzsimmons | Neutral | Downgrade | $18.50 |
| Jul 7, 2022 | Raymond James | William Wallace | Outperform | Upgrade | $16.00 |
| Jan 21, 2022 | Piper Sandler | Neutral | Initiates | $0.00 | |
| Jul 8, 2021 | Raymond James | Market Perform | Downgrade | $0.00 | |
| Mar 30, 2021 | DA Davidson | Buy | Upgrade | $0.00 | |
| Feb 3, 2021 | Raymond James | William Wallace | Outperform | Maintains | $13.00 |
| Mar 6, 2020 | DA Davidson | Kevin Fitzsimmons | Buy | Upgrade | $19.00 |
Stocks Similar to Carter Bank & Trust
The following stocks are similar to Carter Bank based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Carter Bank & Trust (CARE) Financial Data
Carter Bank & Trust has a market capitalization of $409.30M with a P/E ratio of 28.2x. The company generates $128.51M in trailing twelve-month revenue with a 11.2% profit margin.
Revenue growth is +8.7% quarter-over-quarter, while maintaining an operating margin of +24.8% and return on equity of +4.0%.
Valuation Metrics
Growth & Margins
Financial Health
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Carter Bank & Trust (CARE) Company Overview
About Carter Bank & Trust
Provides a range of banking products and services.
Carter Bankshares generates revenue primarily through interest income from loans, including commercial, consumer, and residential mortgages, as well as fees from various banking services. The bank also accepts deposits that help fund its lending activities, while offering additional services like online banking and treasury management to enhance customer engagement and retention.
Founded in 1974 and headquartered in Martinsville, Virginia, Carter Bankshares operates under the regulatory framework of the United States banking system. The company emphasizes a community-focused approach, providing support to local businesses and individuals, which could foster customer loyalty and enhance its market presence.
Company Information
Sector
Financial Services
Industry
Banks - Regional
Employees
679
CEO
Mr. Litz H. Van Dyke
Country
United States
IPO Year
2007
Website
www.carterbank.comCarter Bank & Trust (CARE) Latest News & Analysis
Wall Street Analysts Predict a 31.2% Upside in Carter Bankshares (CARE): Here's What You Should Know
7 days agoCarter Bankshares (CARE) has a consensus price target indicating a 31.2% upside potential. Recent earnings estimate revisions suggest possible near-term stock gains.
The 31.2% upside potential suggests significant growth opportunity for Carter Bankshares (CARE), while rising earnings estimates indicate positive market sentiment.
Carter Bankshares (NASDAQ:CARE) will acquire deposits from First Reliance Bancshares' (OTC:FSRL) branches in Mooresville and Winston-Salem, enhancing its market presence.
Carter Bankshares' acquisition of First Reliance Bank's deposits enhances its market position, potentially increasing revenue and customer base, while First Reliance can streamline operations and focus on core markets.
Following President-elect Trump's 2024 election win, bank stocks rose significantly, with a median return of 13.4% in November, outperforming the S&P 500's 5.9% return.
The surge in bank stocks post-Trump's victory indicates strong market confidence in his policies, potentially leading to higher interest rates and profitability for banks.
Carter Bank (NASDAQ:CARE) launched a new brand identity focused on customers and communities, coinciding with its 50th anniversary. The rebranding was developed by Strum.
Carter Bank's rebranding signals a renewed focus on customer engagement, potentially enhancing customer loyalty and market positioning, which can drive future growth and profitability.
Carter Bankshares, Inc. reported Q3 2024 net income of $5.6 million ($0.24 EPS), up from $4.8 million ($0.21 EPS) in Q2 2024 and $3.6 million ($0.16 EPS) in Q3 2023. Pre-tax pre-provision income was $6.8 million.
Carter Bankshares' rising net income and EPS reflect strong financial performance, indicating potential growth and stability, which can attract investors and positively impact stock valuation.
Carter Bankshares, Inc. (CARE) reported quarterly earnings of $0.23 per share, matching estimates and up from $0.20 per share year-over-year.
Carter Bankshares' earnings met expectations and showed year-over-year growth, indicating stability and potential for continued performance, which can influence investor confidence and stock valuation.
Frequently Asked Questions About CARE Stock
What is Carter Bank & Trust's (CARE) stock forecast for 2025?
Based on our analysis of 6 Wall Street analysts, Carter Bank & Trust (CARE) has a median price target of $24.00. The highest price target is $24.00 and the lowest is $21.00.
Is CARE stock a good investment in 2025?
According to current analyst ratings, CARE has 3 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $17.54. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for CARE stock?
Wall Street analysts predict CARE stock could reach $24.00 in the next 12 months. This represents a 36.8% increase from the current price of $17.54. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Carter Bank & Trust's business model?
Carter Bankshares generates revenue primarily through interest income from loans, including commercial, consumer, and residential mortgages, as well as fees from various banking services. The bank also accepts deposits that help fund its lending activities, while offering additional services like online banking and treasury management to enhance customer engagement and retention.
What is the highest forecasted price for CARE Carter Bank & Trust?
The highest price target for CARE is $24.00 from at , which represents a 36.8% increase from the current price of $17.54.
What is the lowest forecasted price for CARE Carter Bank & Trust?
The lowest price target for CARE is $21.00 from Steve Moss at Raymond James, which represents a 19.7% increase from the current price of $17.54.
What is the overall CARE consensus from analysts for Carter Bank & Trust?
The overall analyst consensus for CARE is bullish. Out of 6 Wall Street analysts, 3 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $24.00.
How accurate are CARE stock price projections?
Stock price projections, including those for Carter Bank & Trust, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
