Carter Bankshares (NASDAQ:CARE) Releases Quarterly Earnings Results, Meets Estimates

Carter Bankshares (NASDAQ:CARE) issued its quarterly earnings data on Thursday. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21, Zacks reports. The firm had revenue of $60.12 million during the quarter, compared to the consensus estimate of $34.62 million. Carter Bankshares had a net margin of 5.41% and a return on equity of 4.14%.

Carter Bankshares Trading Up 0.4 %

Shares of NASDAQ:CARE traded up $0.07 during midday trading on Friday, hitting $16.85. 79,575 shares of the stock traded hands, compared to its average volume of 102,226. The stock has a market capitalization of $387.72 million, a PE ratio of 29.56 and a beta of 1.04. The business’s 50 day moving average is $14.04 and its two-hundred day moving average is $13.39. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.86. Carter Bankshares has a one year low of $10.43 and a one year high of $17.32.

Carter Bankshares Company Profile

Carter Bankshares, Inc operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposits.