Carter Bankshares (CARE) to Release Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) is expected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Carter Bankshares to post earnings of $0.21 per share for the quarter.

Carter Bankshares Trading Up 2.9 %

Shares of NASDAQ:CARE opened at $17.53 on Thursday. Carter Bankshares has a 1 year low of $10.95 and a 1 year high of $20.40. The firm has a fifty day moving average price of $18.29 and a 200 day moving average price of $17.38. 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 $404.45 million, a PE ratio of 28.27 and a beta of 1.00.

Analyst Upgrades and Downgrades

Separately, Hovde Group initiated coverage on Carter Bankshares in a report on Wednesday, October 2nd. They set an “outperform” rating and a $22.00 price objective on the stock.

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.