CARE - Carter Bank & Trust Stock Price, Fair Value and News

13.75USD+0.45 (+3.38%)Market Closed

Market Summary

USD13.75+0.45

Market Closed

3.38%

CARE Alerts

Big fall in earnings (Y/Y)

CARE Stock Price

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CARE RSI Chart

CARE Valuation

Market Cap

316.5M

Price/Earnings (Trailing)

23.88

Price/Sales (Trailing)

1.59

EV/EBITDA

1.58

Price/Free Cashflow

9.66

CARE Price/Sales (Trailing)

CARE Profitability

EBT Margin

7.97%

Return on Equity

3.69%

Return on Assets

0.29%

Free Cashflow Yield

10.35%

CARE Fundamentals

CARE Revenue

Revenue (TTM)

198.5M

Rev. Growth (Yr)

4.03%

Rev. Growth (Qtr)

4.21%

CARE Earnings

Earnings (TTM)

13.3M

Earnings Growth (Yr)

-63.55%

Earnings Growth (Qtr)

407.79%

Breaking Down CARE Revenue

Last 7 days

5.2%

Last 30 days

24.9%

Last 90 days

-1.1%

Trailing 12 Months

-3.2%

How does CARE drawdown profile look like?

CARE Financial Health

CARE Investor Care

Dividend Yield

1.09%

Dividend/Share (TTM)

0.14

Buy Backs (1Y)

3.88%

Diluted EPS (TTM)

0.58

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	198.5M	0	0	0
2023	179.5M	186.2M	192.8M	196.4M
2022	133.6M	137.5M	144.9M	160.2M
2021	136.1M	133.5M	134.5M	133.9M
2020	157.8M	153.4M	147.2M	140.9M
2019	0	0	0	159.1M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Carter Bank & Trust

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	davis jane ann	acquired	-	-	1,100	evp, chief admin. officer
May 07, 2024	adams arthur loran	acquired	-	-	1,000	evp, director of reg risk mngt
Jan 05, 2024	bell wendy s.	acquired	-	-	2,724	senior executive vp, cfo
Jan 05, 2024	langs bradford n.	acquired	-	-	3,596	president, chief strategy ofcr
Jan 05, 2024	van dyke litz h	acquired	-	-	6,012	chief executive officer
Jan 05, 2024	kallsen tony e	acquired	-	-	1,741	sevp, chief credit officer
Jan 05, 2024	speare matthew m.	acquired	-	-	2,619	sevp, chief operating officer
Jan 02, 2024	haskins james w.	acquired	-	-	2,330	-
Jan 02, 2024	midkiff catharine l.	acquired	-	-	2,330	-
Jan 02, 2024	walsh elizabeth l.	acquired	-	-	2,330	-

Which funds bought or sold CARE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-152,335	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-27,084	28,844	-%
May 15, 2024	D. E. Shaw & Co., Inc.	new	-	313,282	313,282	-%
May 15, 2024	Engineers Gate Manager LP	added	8.89	-12,658	144,437	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	251,056	251,056	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-33.22	-225,704	291,794	-%
May 15, 2024	Royal Bank of Canada	reduced	-44.96	-97,000	84,000	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	sold off	-100	-24,835	-	-%
May 15, 2024	Voya Investment Management LLC	sold off	-100	-174,071	-	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-14.54	-764,573	1,981,190	0.04%

Are Funds Buying or Selling CARE?

Are funds buying CARE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CARE

No. of Funds

CARE Alerts

Big fall in earnings (Y/Y)

Unveiling Carter Bank & Trust's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	6.0%	1,366,496	SC 13G/A
Feb 13, 2024	vanguard group inc	5.35%	1,227,878	SC 13G/A
Jan 26, 2024	blackrock inc.	7.5%	1,730,464	SC 13G/A
Feb 14, 2023	alliancebernstein l.p.	5.8%	1,401,400	SC 13G/A
Feb 09, 2023	vanguard group inc	5.22%	1,257,538	SC 13G
Feb 01, 2023	blackrock inc.	7.0%	1,679,486	SC 13G/A
Feb 14, 2022	alliancebernstein l.p.	5.6%	1,478,132	SC 13G/A
Feb 03, 2022	blackrock inc.	6.8%	1,803,262	SC 13G

Recent SEC filings of Carter Bank & Trust

View All Filings

Date Filed	Form Type	Document
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 03, 2024	8-K	Current Report
May 03, 2024	10-Q	Quarterly Report
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	ARS	ARS
Apr 25, 2024	8-K	Current Report
Mar 08, 2024	10-K	Annual Report
Feb 15, 2024	8-K	Current Report
Feb 14, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Carter Bank & Trust)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Carter Bank & Trust News

Latest updates

Carter Bank & Trust Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.2%	54.00	52.00	49.00	44.00	52.00	48.00	42.00	37.00	33.00	33.00	35.00	33.00	33.00	34.00	34.00	36.00	38.00	40.00	40.00	40.00	39.00
EBITDA Margin	-16.7%	0.67*	0.80*	0.99*	1.17*	1.28*	1.30*	1.26*	1.21*	1.16*	1.14*	1.10*	0.56*	-	-	-	-	-	-	-	-	-
Interest Expenses	3.6%	28.00	27.00	27.00	27.00	41.00	42.00	38.00	32.00	28.00	28.00	29.00	27.00	27.00	26.00	25.00	26.00	27.00	28.00	28.00	28.00	28.00
Income Taxes	366.6%	1.00	0.00	1.00	0.00	4.00	3.00	5.00	2.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	-0.49	0.00	-0.17	0.00	1.00	0.00
Earnings Before Taxes	557.0%	7.00	-1.58	4.00	6.00	20.00	19.00	19.00	13.00	11.00	7.00	12.00	6.00	10.00	3.00	-56.80	4.00	5.00	3.00	8.00	8.00	8.00
EBT Margin	-44.9%	0.08*	0.14*	0.25*	0.34*	0.40*	0.39*	0.34*	0.31*	0.27*	0.27*	0.24*	-0.28*	-	-	-	-	-	-	-	-	-
Net Income	407.8%	6.00	-1.89	4.00	6.00	16.00	16.00	14.00	11.00	9.00	6.00	11.00	5.00	9.00	3.00	-57.68	4.00	4.00	4.00	8.00	8.00	8.00
Net Income Margin	-43.9%	0.07*	0.12*	0.21*	0.28*	0.32*	0.31*	0.28*	0.27*	0.24*	0.24*	0.22*	-0.30*	-	-	-	-	-	-	-	-	-
Free Cashflow	169.6%	16.00	6.00	7.00	3.00	21.00	21.00	19.00	13.00	12.00	15.00	34.00	21.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	0.9%	4,555	4,513	4,452	4,384	4,366	4,205	4,114	4,123	4,123	4,134	4,134	4,121	4,142	4,179
Cash Equivalents	98.3%	108	55.00	55.00	53.00	81.00	47.00	66.00	70.00	108	278	226	217	219	242
Net PPE	-0.5%	73.00	74.00	74.00	75.00	72.00	72.00	73.00	73.00	73.00	75.00	75.00	73.00	85.00	85.00
Liabilities	0.8%	4,196	4,161	4,122	4,040	4,011	3,876	3,799	3,789	3,765	3,726	3,728	3,721	3,754	3,739
Shareholder's Equity	2.2%	359	351	331	344	355	329	315	334	359	408	406	399	388	440
Retained Earnings	1.9%	315	309	311	307	302	286	270	256	245	235	230	219	213	255
Additional Paid-In Capital	0.3%	91.00	91.00	90.00	96.00	103	105	107	114	121	144	144	144	144	143
Shares Outstanding	0.3%	23.00	23.00	23.00	23.00	24.00	24.00	24.00	24.00	26.00	26.00	26.00	26.00	-	-
Float	-	-	-	-	340	-	-	-	318	-	-	-	326	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	123.9%	17,634	7,875	9,263	7,157	22,435	23,093	20,900	14,328	12,470	17,517	36,584	23,078	359	18,889	-20,140	13,952	-4,997	-
Share Based Compensation	13.1%	441	390	395	431	345	304	306	309	395	268	273	291	208	211	230	223	352	-
Cashflow From Investing	119.9%	10,241	-51,530	-79,095	-50,931	-125,455	-111,960	-20,252	-68,188	-181,671	25,640	-34,571	-72,384	-25,040	1,046	-25,032	-21,807	-47,475	-
Cashflow From Financing	-39.9%	25,706	42,786	71,955	15,671	137,529	70,028	-5,180	16,064	-562	8,846	7,132	46,803	1,893	70,833	7,088	133,712	-9,939	-
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,689	-
Buy Backs	-100.0%	-	2.00	6,000	8,153	2,260	3,427	7,716	7,789	23,364	157	-	-	-	-	-	-	-	-

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CARE Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Loans, including fees
Taxable	$ 44,817	$ 43,128
Non-Taxable	709	832
Investment Securities
Taxable	7,743	7,393
Non-Taxable	67	162
Federal Reserve Bank Excess Reserves	322	179
Interest on Bank Deposits	13	21
Dividend Income	378	240
Total Interest Income	54,049	51,955
Interest Expense
Interest Expense on Deposits	20,717	7,519
Interest Expense on Federal Funds Purchased	0	176
Interest on Other Borrowings	4,913	3,475
Total Interest Expense	25,630	11,170
NET INTEREST INCOME	28,419	40,785
Provision for Credit Losses	16	1,415
(Recovery) Provision for Unfunded Commitments	(43)	84
Net Interest Income After Provision for Credit Losses	28,446	39,286
NONINTEREST INCOME
Losses on Sales of Securities, net	0	(12)
Service Charges, Commissions and Fees	1,875	1,838
Debit Card Interchange Fees	2,086	2,105
Insurance Commissions	614	174
Bank Owned Life Insurance Income	348	339
Commercial Loan Swap Fee Income	0	116
Other	122	175
Total Noninterest Income	5,045	4,735
NONINTEREST EXPENSE
Salaries and Employee Benefits	14,200	13,652
Occupancy Expense, net	3,748	3,400
FDIC Insurance Expense	1,687	641
Other Taxes	903	804
Advertising Expense	357	339
Telephone Expense	417	427
Professional and Legal Fees	1,513	834
Data Processing	891	720
Debit Card Expense	756	479
Other	1,785	2,280
Total Noninterest Expense	26,257	23,576
Income Before Income Taxes	7,234	20,445
Income Tax Provision	1,423	4,504
Net Income	$ 5,811	$ 15,941
Earnings per Common Share
Basic Earnings per Common Share (in usd per share)	$ 0.25	$ 0.67
Diluted Earnings per Common Share (in usd per share)	$ 0.25	$ 0.67
Average Shares Outstanding - Basic (in shares)	22,770,311	23,770,481
Average Shares Outstanding - Diluted (in shares)	22,770,311	23,770,481

CARE Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and Due From Banks, including Interest-bearing Deposits of $73,218 at March 31, 2024 and $14,853 at December 31, 2023	$ 108,110	$ 54,529
Securities Available-for-Sale, at Fair Value (amortized cost of $858,256 and $870,546, respectively)	768,832	779,003
Portfolio Loans	3,509,071	3,505,910
Allowance for Credit Losses	(96,536)	(97,052)
Portfolio Loans, net	3,412,535	3,408,858
Bank Premises and Equipment, net	73,339	73,707
Other Real Estate Owned, net	2,528	2,463
Federal Home Loan Bank Stock, at Cost	17,910	21,626
Bank Owned Life Insurance	58,463	58,115
Other Assets	113,229	114,238
Total Assets	4,554,946	4,512,539
Deposits:
Noninterest-Bearing Demand	671,981	685,218
Interest-Bearing Demand	515,614	481,506
Money Market	520,785	513,664
Savings	427,461	454,876
Certificates of Deposit	1,694,680	1,586,651
Total Deposits	3,830,521	3,721,915
Federal Home Loan Bank Borrowings	310,500	393,400
Reserve for Unfunded Commitments	3,150	3,193
Other Liabilities	51,709	42,788
Total Liabilities	4,195,880	4,161,296
SHAREHOLDERS’ EQUITY
Common Stock, Par Value $1.00 per share, Authorized 100,000,000 Shares; Outstanding shares 23,020,542 at March 31, 2024 and 22,956,304 at December 31, 2023	23,021	22,957
Additional Paid-in Capital	90,947	90,642
Retained Earnings	314,894	309,083
Accumulated Other Comprehensive Loss	(69,796)	(71,439)
Total Shareholders’ Equity	359,066	351,243
Total Liabilities and Shareholders’ Equity	$ 4,554,946	$ 4,512,539

About Carter Bank & Trust

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 longer-term certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, overdraft protection, and personal investments, as well as residential mortgages; real estate construction, acquisition, commercial, and industrial loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll, and social security checks; online banking products, including online and mobile banking, online account opening, bill pay, e-statement, mobile deposit, digital wallet, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.

CEO	Mr. Litz H. Van Dyke
WEBSITE	cbtcares.com
INDUSTRY	Banks Diversified
EMPLOYEES	667

Carter Bank & Trust Frequently Asked Questions

What is the ticker symbol for Carter Bank & Trust? What does CARE stand for in stocks?

CARE is the stock ticker symbol of Carter Bank & Trust. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Carter Bank & Trust (CARE)?

As of Fri May 17 2024, market cap of Carter Bank & Trust is 316.46 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CARE stock?

You can check CARE's fair value in chart for subscribers.

What is the fair value of CARE stock?

You can check CARE's fair value in chart for subscribers. The fair value of Carter Bank & Trust is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Carter Bank & Trust is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CARE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Carter Bank & Trust a good stock to buy?

The fair value guage provides a quick view whether CARE is over valued or under valued. Whether Carter Bank & Trust is cheap or expensive depends on the assumptions which impact Carter Bank & Trust's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CARE.

What is Carter Bank & Trust's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, CARE's PE ratio (Price to Earnings) is 23.88 and Price to Sales (PS) ratio is 1.59. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CARE PE ratio will change depending on the future growth rate expectations of investors.