Analysts expect that Carter Bank and Trust (NASDAQ:CARE) will post earnings per share of $0.28 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Carter Bank and Trust’s earnings, with estimates ranging from $0.27 to $0.28. The company is expected to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Carter Bank and Trust will report full year earnings of $1.08 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.99 per share, with EPS estimates ranging from $0.50 to $1.26. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Carter Bank and Trust.
CARE has been the topic of several recent research reports. ValuEngine cut shares of Carter Bank and Trust from a “hold” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Investment Research lowered shares of Carter Bank and Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 11th. Finally, DA Davidson upgraded shares of Carter Bank and Trust from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $22.00 to $19.00 in a report on Friday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Carter Bank and Trust currently has a consensus rating of “Hold” and an average target price of $20.00.
NASDAQ CARE traded up $1.19 on Monday, reaching $10.25. The company’s stock had a trading volume of 76,400 shares, compared to its average volume of 72,551. Carter Bank and Trust has a twelve month low of $6.44 and a twelve month high of $24.25. The firm’s 50 day moving average is $15.68 and its two-hundred day moving average is $19.34.
The business also recently announced a dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.14 dividend. The ex-dividend date was Friday, February 14th.
Carter Bank and Trust Company Profile
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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