Carter Bankshares (NASDAQ:CARE - Get Free Report) announced its earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.16, Zacks reports. Carter Bankshares had a net margin of 6.07% and a return on equity of 4.17%.
Carter Bankshares Trading Up 1.4 %
Shares of NASDAQ CARE traded up $0.24 on Thursday, reaching $17.78. 87,620 shares of the company traded hands, compared to its average volume of 63,394. Carter Bankshares has a fifty-two week low of $10.95 and a fifty-two week high of $20.40. The company has a 50 day moving average of $18.06 and a 200 day moving average of $17.47. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $410.18 million, a PE ratio of 28.68 and a beta of 1.00.
Analyst Ratings Changes
Separately, Hovde Group started coverage on shares of Carter Bankshares in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $22.00 target price for the company.
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About Carter Bankshares
(
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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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