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

12.87USD+0.02 (+0.16%)Market Closed

Market Summary

USD12.87+0.02

Market Closed

0.16%

CARE Stock Price

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CARE RSI Chart

CARE Valuation

Market Cap

296.2M

Price/Earnings (Trailing)

22.35

Price/Sales (Trailing)

1.49

EV/EBITDA

1.42

Price/Free Cashflow

9.04

CARE Price/Sales (Trailing)

CARE Profitability

EBT Margin

7.97%

Return on Equity

3.69%

Return on Assets

0.29%

Free Cashflow Yield

11.06%

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

6.3%

Last 30 days

5.8%

Last 90 days

-9.4%

Trailing 12 Months

0.5%

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

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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
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	bolton robert m.	acquired	-	-	2,330	-
Jan 02, 2024	haskins james w.	acquired	-	-	2,330	-
Jan 02, 2024	walsh elizabeth l.	acquired	-	-	2,330	-
Jan 02, 2024	bloomfield kevin s.	acquired	-	-	2,330	-
Jan 02, 2024	bird michael r	acquired	-	-	2,330	-

Which funds bought or sold CARE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 02, 2024	Salomon & Ludwin, LLC	unchanged	-	481	55,174	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	Mirae Asset Global Investments Co., Ltd.	unchanged	-	-8,416	149,068	-%
May 01, 2024	Family Firm, Inc.	sold off	-100	-220,778	-	-%
Apr 30, 2024	Concord Wealth Partners	unchanged	-	-8,772	47,590	0.01%
Apr 30, 2024	Avior Wealth Management, LLC	new	-	75.00	75.00	-%
Apr 30, 2024	Tandem Investment Advisors, Inc.	reduced	-18.00	-115,000	259,000	0.01%
Apr 25, 2024	nVerses Capital, LLC	new	-	29,072	29,072	0.07%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-4.77	-261,696	1,074,120	-%
Apr 23, 2024	REGIONS FINANCIAL CORP	unchanged	-	-151,450	821,600	0.01%

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

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 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
Feb 13, 2024	SC 13G/A	Major Ownership Report
Jan 30, 2024	8-K	Current 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	547.1B	174.7B	-3.92%	42.05%	10.87	3.13	53.11%	19.83%
BAC	291.2B	127.4B	-0.53%	37.98%	11.64	2.29	44.27%	-12.56%
WFC	208.9B	85.8B	4.90%	63.21%	11.13	2.44	35.02%	26.14%
C	117.3B	125.0B	-0.29%	36.99%	14.68	0.94	37.85%	-
CFG	16.2B	10.2B	1.35%	42.41%	10.1	1.59	44.53%	-22.43%
KEY	14.1B	8.1B	-2.10%	67.08%	16.1	1.73	32.15%	-50.93%
MID-CAP
CMA	7.0B	4.2B	-1.32%	70.01%	10.12	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	2.66%	119.02%	9.51	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	6.52%	67.99%	12.78	2.69	43.24%	-22.35%
ASB	3.3B	1.8B	5.32%	45.11%	20.6	1.8	32.64%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	395.3M	152.4M	-5.17%	46.88%	39.76	2.59	16.94%	-73.84%
AROW	391.6M	162.6M	-0.59%	18.78%	13.02	2.41	25.39%	-38.37%
ACNB	282.2M	96.6M	-4.87%	20.96%	8.91	2.92	11.02%	-11.37%
ASRV	41.8M	60.9M	-2.01%	-14.98%	-12.5	0.69	24.06%	-144.92%

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

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans, including fees
Taxable	$ 159,317	$ 135,055	$ 115,448
Non-Taxable	3,143	3,609	4,733
Investment Securities
Taxable	30,804	20,330	12,442
Non-Taxable	634	693	882
Federal Reserve Bank Excess Reserves	1,002	312	169
Interest on Bank Deposits	64	29	102
Dividend Income	1,456	154	121
Total Interest Income	196,420	160,182	133,897
Interest Expense
Interest Expense on Deposits	52,628	18,616	22,246
Interest Expense on Federal Funds Purchased	368	188	0
Interest on Other Borrowings	21,114	1,450	468
Total Interest Expense	74,110	20,254	22,714
NET INTEREST INCOME	122,310	139,928	111,183
Provision for Credit Losses	5,500	2,419	3,350
Provision (Recovery) for Unfunded Commitments	901	509	(1,269)
Net Interest Income After Provision (Recovery) for Credit Losses	115,909	137,000	109,102
NONINTEREST INCOME
(Losses) Gains on Sales of Securities, net	(1,521)	46	6,869
Service Charges, Commissions and Fees	7,155	7,168	6,662
Debit Card Interchange Fees	7,828	7,427	7,226
Insurance Commissions	1,945	1,961	1,901
Bank Owned Life Insurance Income	1,381	1,357	1,380
Gains on Sales and Write-downs of Bank Premises, net	0	73	0
Commercial Loan Swap Fee Income	139	774	2,416
Other	1,351	2,912	2,427
Total Noninterest Income	18,278	21,718	28,881
NONINTEREST EXPENSE
Salaries and Employee Benefits	55,856	52,399	54,157
Occupancy Expense, net	14,028	13,527	13,556
FDIC Insurance Expense	4,904	2,015	2,157
Other Taxes	3,282	3,319	3,129
Advertising Expense	1,693	1,434	952
Telephone Expense	1,842	1,781	2,208
Professional and Legal Fees	6,210	5,818	5,255
Data Processing	3,920	4,051	3,758
Losses on Sales and Write-downs of Other Real Estate Owned, net	1,100	432	3,622
Debit Card Expense	2,875	2,750	2,777
Tax Credit Amortization	0	621	1,708
Other	9,756	8,854	9,006
Total Noninterest Expense	105,466	97,001	102,285
Income Before Income Taxes	28,721	61,717	35,698
Income Tax Provision	5,337	11,599	4,108
Net Income	$ 23,384	$ 50,118	$ 31,590
Earnings per Common Share:
Basic Earnings per Common Share (in usd per share)	$ 1.00	$ 2.03	$ 1.19
Diluted Earnings per Common Share (in usd per share)	$ 1.00	$ 2.03	$ 1.19
Average Shares Outstanding - Basic (in shares)	23,240,543	24,595,789	26,342,729
Average Shares Outstanding - Diluted (in shares)	23,240,543	24,595,789	26,342,729

CARE Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and Due From Banks, including Interest-Bearing Deposits of $14,853 at December 31, 2023 and $4,505 at December 31, 2022	$ 54,529,000	$ 46,869,000
Securities Available-for-Sale, at Fair Value (amortized cost of $870,546 and $945,707, respectively)	779,003,000	836,273,000
Loans Held-for-Sale	0	0
Portfolio Loans	3,505,910,000	3,148,913,000
Allowance for Credit Losses	(97,052,000)	(93,852,000)
Portfolio Loans, net	3,408,858,000	3,055,061,000
Bank Premises and Equipment, net	73,707,000	72,114,000
Other Real Estate Owned, net	2,463,000	8,393,000
Federal Home Loan Bank Stock, at Cost	21,626,000	9,740,000
Bank Owned Life Insurance	58,115,000	56,734,000
Other Assets	114,238,000	119,335,000
Total Assets	4,512,539,000	4,204,519,000
Deposits:
Noninterest-Bearing Demand	685,218,000	705,539,000
Interest-Bearing Demand	481,506,000	496,948,000
Money Market	513,664,000	484,238,000
Savings	454,876,000	684,287,000
Certificates of Deposit	1,586,651,000	1,261,526,000
Total Deposits	3,721,915,000	3,632,538,000
Federal Home Loan Bank Borrowings	393,400,000	180,550,000
Federal Funds Purchased	0	17,870,000
Reserve for Unfunded Loan Commitments	3,193,000	2,292,000
Other Liabilities	42,788,000	42,642,000
Total Liabilities	4,161,296,000	3,875,892,000
Commitments and Contingencies
SHAREHOLDERS’ EQUITY
Common Stock, Par Value $1.00 Per Share, Authorized 100,000,000 Shares; Outstanding - — shares at December 31, 2023, and 23,956,772 shares at December 31, 2022	22,957,000	23,957,000
Additional Paid-in Capital	90,642,000	104,693,000
Retained Earnings	309,083,000	285,593,000
Accumulated Other Comprehensive Loss	(71,439,000)	(85,616,000)
Total Shareholders’ Equity	351,243,000	328,627,000
Total Liabilities and Shareholders’ Equity	$ 4,512,539,000	$ 4,204,519,000

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 03 2024, market cap of Carter Bank & Trust is 296.3 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 03 2024, CARE's PE ratio (Price to Earnings) is 12.67 and Price to Sales (PS) ratio is 1.51. 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.