Carter Bankshares - CARE Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $15.00
  • Forecasted Upside: -10.13 %
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$16.69
▼ -0.13 (-0.77%)

This chart shows the closing price for CARE by one month, three months, or twelve months.

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Analyst Price Target for CARE

Analyst Price Target is $15.00
▼ -10.13% Downside 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 $15.00, with a high forecast of $17.00 and a low forecast of $12.00. The average price target represents a -10.13% upside from the last price of $16.69.

This chart shows the closing price for CARE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 3 investment analysts is to hold stock in Carter Bankshares. This rating has held steady since March 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

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Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/13/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/12/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/10/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/8/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/8/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/7/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/5/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/5/2022

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/7/2022Raymond JamesUpgradeMarket Perform ➝ Outperform$16.00N/A
1/21/2022Piper SandlerInitiated CoverageNeutral$17.00Medium
11/10/2021Royal Bank of CanadaLower TargetSector Perform$14.00 ➝ $12.00Low
7/8/2021Raymond JamesDowngradeOutperform ➝ Market PerformHigh
3/30/2021DA DavidsonUpgradeNeutral ➝ Buy$12.50 ➝ $16.25N/A
2/3/2021Raymond JamesBoost TargetOutperform$10.00 ➝ $13.00Low
1/7/2021DA DavidsonBoost Target$11.00 ➝ $13.25N/A
11/24/2020Janney Montgomery ScottUpgradeNeutral ➝ BuyHigh
9/9/2020Raymond JamesReiterated RatingBuyLow
5/1/2020DA DavidsonDowngradeBuy ➝ Neutral$10.50High
3/6/2020DA DavidsonUpgradeNeutral ➝ Buy$22.00 ➝ $19.00High
10/3/2019Raymond JamesInitiated CoverageOutperformHigh
8/14/2019BTIG ResearchUpgradeNeutral ➝ Buy$13.00Medium
7/22/2019DA DavidsonReiterated RatingNeutralLow
7/10/2019DA DavidsonInitiated CoverageNeutral ➝ Neutral$22.00Medium
4/15/2019FIG PartnersInitiated CoverageMarket Perform ➝ Market Perform$21.00Low
(Data available from 10/5/2017 forward)

News Sentiment Rating

0.90 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/9/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/8/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/8/2022
  • 0 very positive mentions
  • 1 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
6/7/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/7/2022
  • 1 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
8/6/2022
  • 2 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/5/2022
  • 4 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/5/2022

Current Sentiment

  • 4 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Carter Bankshares logo
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. It operates through 69 branches in Virginia and North Carolina. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.
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Today's Range

Now: $16.69
Low: $16.55
High: $16.73

50 Day Range

MA: $16.33
Low: $13.74
High: $17.18

52 Week Range

Now: $16.69
Low: $12.58
High: $17.99

Volume

557 shs

Average Volume

70,469 shs

Market Capitalization

$410.24 million

P/E Ratio

11.67

Dividend Yield

N/A

Beta

0.94

Frequently Asked Questions

What sell-side analysts currently cover shares of Carter Bankshares?

The following equities research analysts have issued stock ratings on Carter Bankshares in the last year: Piper Sandler, Raymond James, and Royal Bank of Canada.
View the latest analyst ratings for CARE.

What is the current price target for Carter Bankshares?

3 Wall Street analysts have set twelve-month price targets for Carter Bankshares in the last year. Their average twelve-month price target is $15.00, suggesting a possible downside of 10.8%. Piper Sandler has the highest price target set, predicting CARE will reach $17.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $12.00 for Carter Bankshares in the next year.
View the latest price targets for CARE.

What is the current consensus analyst rating for Carter Bankshares?

Carter Bankshares currently has 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CARE, but not buy more shares or sell existing shares.
View the latest ratings for CARE.

What other companies compete with Carter Bankshares?

How do I contact Carter Bankshares' investor relations team?

Carter Bankshares' physical mailing address is 1300 Kings Mountain Road, Martinsville VA, 24112. The company's listed phone number is (276) 656-1776 and its investor relations email address is [email protected] The official website for Carter Bankshares is www.carterbankandtrust.com. Learn More about contacing Carter Bankshares investor relations.