Equities analysts expect Carter Bank and Trust (NASDAQ:CARE) to announce earnings per share (EPS) of $0.29 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Carter Bank and Trust’s earnings, with estimates ranging from $0.27 to $0.33. The firm is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Carter Bank and Trust will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.24. For the next fiscal year, analysts forecast that the company will post earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Carter Bank and Trust.
Several equities research analysts have recently commented on CARE shares. DA Davidson restated a “neutral” rating on shares of Carter Bank and Trust in a research note on Monday, July 22nd. ValuEngine upgraded Carter Bank and Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James initiated coverage on Carter Bank and Trust in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. BTIG Research upgraded Carter Bank and Trust from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, August 14th. Finally, Zacks Investment Research lowered Carter Bank and Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Carter Bank and Trust has a consensus rating of “Hold” and an average price target of $19.50.
A number of hedge funds have recently modified their holdings of the business. Permanens Capital L.P. increased its stake in Carter Bank and Trust by 8.4% in the 3rd quarter. Permanens Capital L.P. now owns 64,500 shares of the company’s stock worth $1,218,000 after buying an additional 5,000 shares in the last quarter. California Public Employees Retirement System purchased a new stake in Carter Bank and Trust in the 3rd quarter worth $208,000. Commonwealth Equity Services LLC increased its stake in Carter Bank and Trust by 95.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 26,531 shares of the company’s stock worth $501,000 after buying an additional 12,932 shares in the last quarter. Rhumbline Advisers increased its stake in Carter Bank and Trust by 12.1% in the 3rd quarter. Rhumbline Advisers now owns 29,768 shares of the company’s stock worth $562,000 after buying an additional 3,202 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Carter Bank and Trust in the 2nd quarter worth $307,000. Institutional investors and hedge funds own 23.75% of the company’s stock.
NASDAQ:CARE opened at $19.98 on Wednesday. Carter Bank and Trust has a one year low of $14.45 and a one year high of $21.14. The business has a fifty day moving average price of $19.47 and a 200-day moving average price of $19.47.
About Carter Bank and Trust
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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