Shares of Carter Bank and Trust (NASDAQ:CARE) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price objective of $21.00 for the company and are predicting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Carter Bank and Trust an industry rank of 172 out of 256 based on the ratings given to its competitors.

CARE has been the topic of a number of analyst reports. DA Davidson initiated coverage on shares of Business First Bancshares in a research report on Wednesday, July 10th. They set a “neutral” rating and a $28.00 price objective on the stock. FIG Partners initiated coverage on shares of Carter Bank and Trust in a research report on Monday, April 15th. They set a “market perform” rating and a $21.00 price objective on the stock.

A number of hedge funds have recently bought and sold shares of CARE. Punch & Associates Investment Management Inc. purchased a new stake in shares of Carter Bank and Trust in the 1st quarter worth about $1,800,000. M3F Inc. purchased a new position in Carter Bank and Trust during the 1st quarter valued at about $422,000. ELCO Management Co. LLC purchased a new position in Carter Bank and Trust during the 1st quarter valued at about $399,000. Banc Funds Co. LLC purchased a new position in Carter Bank and Trust during the 1st quarter valued at about $1,274,000. Finally, Permanens Capital L.P. purchased a new position in Carter Bank and Trust during the 1st quarter valued at about $950,000. Institutional investors and hedge funds own 16.17% of the company’s stock.

Carter Bank and Trust stock traded down $0.45 during mid-day trading on Tuesday, reaching $19.34. 46,904 shares of the company’s stock traded hands, compared to its average volume of 266,576. The firm’s 50 day moving average price is $19.80. Carter Bank and Trust has a 12-month low of $14.45 and a 12-month high of $21.14.

Carter Bank and Trust (NASDAQ:CARE) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.19. The business had revenue of $31.70 million for the quarter, compared to analysts’ expectations of $34.03 million. As a group, sell-side analysts anticipate that Carter Bank and Trust will post 1.13 EPS for the current year.

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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