Carter Bankshares (NASDAQ:CARE – Get Free Report) released its earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 %
NASDAQ:CARE opened at $17.78 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $410.18 million, a P/E ratio of 28.68 and a beta of 1.00. The stock’s 50 day moving average price is $18.06 and its 200 day moving average price is $17.47. Carter Bankshares has a 52 week low of $10.95 and a 52 week high of $20.40.
Wall Street Analyst Weigh In
Separately, Hovde Group began coverage on Carter Bankshares in a report on Wednesday, October 2nd. They set an “outperform” rating and a $22.00 price objective for the company.
Carter Bankshares Company Profile
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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