Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Carter Bankshares Inc before investing.

In this article, we go over a few key elements for understanding Carter Bankshares Inc’s stock price such as:

• Carter Bankshares Inc’s current stock price and volume
• Why Carter Bankshares Inc’s stock price changed recently
• Upgrades and downgrades for CARE from analysts
• CARE’s stock price momentum as measured by its relative strength

About Carter Bankshares Inc (CARE)

Before we jump into Carter Bankshares Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Carter Bankshares, Inc. is a bank holding company. The Company is the parent company of its wholly owned subsidiary, Carter Bank & Trust (the Bank). It provides a full range of commercial banking, consumer banking, mortgage, and services. The Bank offers a full range of deposit services including lifetime free checking, interest checking accounts, savings accounts, retirement accounts and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. These products and services are available to its personal and business customers. It also offers a full range of commercial and consumer loans. Commercial loans include both secured and unsecured loans, real estate construction and acquisition loans, and commercial and industrial loans. It also provides safe deposit boxes, direct deposit of payroll and social security checks and debit cards. Online banking products include online account opening, bill pay, e-statements (paperless electronic statements).

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Carter Bankshares Inc’s Stock Price as of Market Close

As of June 26, 2024, 4:00 PM, CST, Carter Bankshares Inc’s stock price was $13.20.

Carter Bankshares Inc is up 5.18% from its previous closing price of $12.55.

During the last market session, Carter Bankshares Inc’s stock traded between $12.50 and $12.64. Currently, there are 22.77 million shares of Carter Bankshares Inc stock available for purchase.

Carter Bankshares Inc’s price-earnings (P/E) ratio is currently at 21.4, which is high compared to the Banks industry median of 10. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Carter Bankshares Inc Stock Price History

Carter Bankshares Inc’s (CARE) price is currently up 3.53% so far this month.

During the month of June, Carter Bankshares Inc’s stock price has reached a high of $13.22 and a low of $11.96.

Over the last year, Carter Bankshares Inc has hit prices as high as $16.74 and as low as $10.43. Year to date, Carter Bankshares Inc’s stock is down 20.43%.

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What Caused Carter Bankshares Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 25, 2024, there were 0 analysts who downgraded Carter Bankshares Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Carter Bankshares Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Carter Bankshares Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Carter Bankshares Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Carter Bankshares Inc (CARE) by visiting AAII Stock Evaluator.

Relative Price Strength of Carter Bankshares Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 25, 2024, Carter Bankshares Inc has a weighted four-quarter relative price strength of -7.52%, which translates to a Momentum Score of 44 and is considered to be Average.

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Carter Bankshares Inc Stock Price: Bottom Line

As of June 26, 2024, Carter Bankshares Inc’s stock price is $13.20, which is up 5.18% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Carter Bankshares Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.