Carter Bankshares (NASDAQ:CARE – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16, Zacks reports. Carter Bankshares had a return on equity of 4.17% and a net margin of 6.07%.
Carter Bankshares Stock Up 1.4 %
CARE stock opened at $17.78 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $410.18 million, a P/E ratio of 28.68 and a beta of 1.00. Carter Bankshares has a 52-week low of $10.95 and a 52-week high of $20.40. The company’s 50 day simple moving average is $18.06 and its 200-day simple moving average is $17.47.
Wall Street Analysts Forecast Growth
Separately, Hovde Group assumed coverage on Carter Bankshares in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $22.00 target price on the stock.
About Carter Bankshares
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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