Carter Bankshares (CARE) – Investment Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Carter Bankshares (NASDAQ: CARE):

• 7/13/2026 – Carter Bankshares was upgraded by Wall Street Zen from “hold” to “buy”.
• 7/5/2026 – Carter Bankshares was downgraded by Wall Street Zen from “buy” to “hold”.
• 7/1/2026 – Carter Bankshares was downgraded by Raymond James Financial, Inc. from “outperform” to “market perform”.
• 6/27/2026 – Carter Bankshares was upgraded by Wall Street Zen from “hold” to “buy”.
• 6/3/2026 – Carter Bankshares was downgraded by Hovde Group from “outperform” to “market perform”. They now have a $30.00 price target on the stock.

Carter Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 25th. Investors of record on Monday, May 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 11th. Carter Bankshares’s payout ratio is currently 8.21%.

Insiders Place Their Bets

In other news, insider Bradford N. Langs sold 5,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $26.47, for a total value of $145,585.00. Following the sale, the insider directly owned 27,093 shares in the company, valued at $717,151.71. The trade was a 16.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elizabeth L. Walsh acquired 4,575 shares of Carter Bankshares stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average cost of $26.20 per share, with a total value of $119,865.00. Following the completion of the transaction, the director directly owned 58,753 shares of the company’s stock, valued at $1,539,328.60. This trade represents a 8.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.38% of the stock is currently owned by corporate insiders.

Carter Bankshares, Inc is a bank holding company headquartered in Suffolk, Virginia, operating primarily through its subsidiary, Carter Bank & Trust. The company offers a full range of commercial and retail banking services, serving individuals, small and mid-sized businesses, and nonprofit organizations. Its financial products are designed to meet the needs of local customers across southeastern Virginia and northeastern North Carolina.

Carter Bank & Trust provides deposit accounts, including checking, savings and money market products, as well as certificates of deposit.