Carter Bankshares (CARE) to Release Earnings on Thursday
by Renee Jackson · The Cerbat GemCarter Bankshares (NASDAQ:CARE – Get Free Report) is expected to be releasing its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect Carter Bankshares to post earnings of $0.4901 per share and revenue of $42.47 million for the quarter. Parties may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Friday, May 1, 2026 at 12:30 PM ET.
Carter Bankshares (NASDAQ:CARE – Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Carter Bankshares had a net margin of 12.32% and a return on equity of 7.64%. The firm had revenue of $39.83 million for the quarter, compared to the consensus estimate of $40.66 million. On average, analysts expect Carter Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Carter Bankshares Stock Down 0.0%
CARE opened at $24.24 on Tuesday. Carter Bankshares has a fifty-two week low of $14.58 and a fifty-two week high of $24.85. The firm has a market capitalization of $537.16 million, a P/E ratio of 17.57 and a beta of 0.44. The company’s 50-day moving average is $21.90 and its 200 day moving average is $20.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.93 and a quick ratio of 0.93.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on CARE shares. Zacks Research upgraded Carter Bankshares from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Freedom Capital raised Carter Bankshares to a “strong-buy” rating in a research report on Thursday, December 25th. Weiss Ratings upgraded Carter Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Finally, Wall Street Zen raised Carter Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $22.00.
Check Out Our Latest Stock Report on Carter Bankshares
Hedge Funds Weigh In On Carter Bankshares
Several institutional investors and hedge funds have recently bought and sold shares of the company. Trexquant Investment LP raised its stake in shares of Carter Bankshares by 24.9% in the fourth quarter. Trexquant Investment LP now owns 59,917 shares of the company’s stock valued at $1,178,000 after buying an additional 11,952 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Carter Bankshares by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,118 shares of the company’s stock worth $1,147,000 after acquiring an additional 5,266 shares during the period. Jane Street Group LLC grew its stake in shares of Carter Bankshares by 32.6% during the 2nd quarter. Jane Street Group LLC now owns 47,971 shares of the company’s stock worth $832,000 after acquiring an additional 11,801 shares during the period. Wells Fargo & Company MN increased its holdings in Carter Bankshares by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 39,374 shares of the company’s stock worth $774,000 after acquiring an additional 6,589 shares during the last quarter. Finally, Barclays PLC raised its stake in Carter Bankshares by 8.1% in the 4th quarter. Barclays PLC now owns 34,902 shares of the company’s stock valued at $686,000 after acquiring an additional 2,625 shares during the period. 41.48% of the stock is owned by institutional investors.
About Carter Bankshares
Carter Bankshares, Inc is a bank holding company headquartered in Suffolk, Virginia, operating primarily through its subsidiary, Carter Bank & Trust. The company offers a full range of commercial and retail banking services, serving individuals, small and mid-sized businesses, and nonprofit organizations. Its financial products are designed to meet the needs of local customers across southeastern Virginia and northeastern North Carolina.
Carter Bank & Trust provides deposit accounts, including checking, savings and money market products, as well as certificates of deposit.