Carter Bank and Trust (CARE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Carter Bank and Trust (NASDAQ:CARE) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokers have set a one year consensus price target of $21.00 for the company and are predicting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Carter Bank and Trust an industry rank of 186 out of 256 based on the ratings given to its competitors.

Separately, FIG Partners started coverage on Carter Bank and Trust in a report on Monday, April 15th. They set a “market perform” rating and a $21.00 price target on the stock.

An institutional investor recently bought a new position in Carter Bank and Trust stock. Acadian Asset Management LLC acquired a new stake in shares of Carter Bank and Trust (NASDAQ:CARE) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,462 shares of the company’s stock, valued at approximately $28,000. Institutional investors own 3.71% of the company’s stock.

Shares of NASDAQ:CARE traded up $0.05 during trading on Thursday, hitting $19.77. 22,422 shares of the company’s stock were exchanged, compared to its average volume of 22,986. Carter Bank and Trust has a 1-year low of $14.45 and a 1-year high of $20.10.

Carter Bank and Trust (NASDAQ:CARE) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.10 by $0.19. The business had revenue of $31.70 million for the quarter, compared to analyst estimates of $34.03 million. As a group, equities research analysts forecast that Carter Bank and Trust will post 1.13 earnings per share for the current fiscal year.

Carter Bank and Trust Company Profile

Carter Bank & Trust provides a range of retail and commercial banking products and services in Virginia and North Carolina. It accepts checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposit. The company also offers loans, such as secured and unsecured commercial loans; secured and unsecured consumer loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans.

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