Carter Bankshares (CARE) to Announce Quarterly Earnings on Thursday

Carter Bankshares (NASDAQ:CARE) is anticipated to issue its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect Carter Bankshares to announce earnings of $0.41 per share and revenue of $55.90 million for the quarter. Interested persons may visit the the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Friday, July 31, 2026 at 12:30 PM ET.

Carter Bankshares (NASDAQ:CARE) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.09). Carter Bankshares had a net margin of 33.60% and a return on equity of 7.51%. The firm had revenue of $106.91 million for the quarter, compared to analyst estimates of $42.47 million. On average, analysts expect Carter Bankshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carter Bankshares Price Performance

Shares of NASDAQ CARE opened at $33.01 on Tuesday. Carter Bankshares has a one year low of $16.78 and a one year high of $35.03. The business’s 50-day moving average price is $30.04 and its two-hundred day moving average price is $24.79. The company has a market capitalization of $733.48 million, a P/E ratio of 6.78 and a beta of 0.51.

Carter Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 25th. Stockholders of record on Monday, May 11th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, May 11th. Carter Bankshares’s payout ratio is currently 8.21%.

Insider Buying and Selling at Carter Bankshares

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

Hedge Funds Weigh In On Carter Bankshares

A number of hedge funds have recently made changes to their positions in CARE. Fourthstone LLC boosted its position in shares of Carter Bankshares by 19.1% during the 4th quarter. Fourthstone LLC now owns 1,236,393 shares of the company’s stock valued at $24,307,000 after acquiring an additional 197,850 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Carter Bankshares by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,130,055 shares of the company’s stock worth $21,934,000 after purchasing an additional 24,621 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Carter Bankshares by 12.9% during the third quarter. Kennedy Capital Management LLC now owns 441,076 shares of the company’s stock worth $8,561,000 after purchasing an additional 50,519 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Carter Bankshares by 11.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 300,553 shares of the company’s stock valued at $5,909,000 after purchasing an additional 29,924 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in Carter Bankshares by 5.9% during the second quarter. Bridgeway Capital Management LLC now owns 160,113 shares of the company’s stock valued at $2,776,000 after purchasing an additional 8,903 shares in the last quarter. Institutional investors and hedge funds own 41.48% of the company’s stock.

Wall Street Analyst Weigh In

CARE has been the subject of several recent research reports. Raymond James Financial cut Carter Bankshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Weiss Ratings raised shares of Carter Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Carter Bankshares from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Freedom Capital downgraded shares of Carter Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Hovde Group lowered shares of Carter Bankshares from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.50.

Carter Bankshares Company Profile

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.