▲ +8.82% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Carter Bankshares in the last 3 months. The average price target is $14.63, with a high forecast of $16.25 and a low forecast of $13.00. The average price target represents a 8.82% upside from the last price of $13.44.
The current consensus among 3 investment analysts is to buy stock in Carter Bankshares. This rating has held steady since July 2019, when it changed from a Hold consensus rating.
Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction and acquisition loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill pay, online account opening, mobile deposit, mobile banking, debit cards, e-statements, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. The company operates through 92 branches in Virginia and North Carolina. The company was founded in 1974 and is headquartered in Martinsville, Virginia.