New insider activity at Carter Bankshares ( (CARE) ) has taken place on July 28, 2025.
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Director James W. Haskins recently sold 2,000 shares of Carter Bankshares stock, generating a total of $35,680 from the transaction.
Recent Updates on CARE stock
Carter Bankshares has reported a positive financial performance with an 8.8% increase in deposits and a robust liquidity position as of June 30, 2025. The company has been expanding its footprint through strategic acquisitions and corporate office expansions in North Carolina, which aligns with its growth strategy. Recent earnings revealed a net income of $8.5 million, with a slight decrease from the previous quarter but a significant increase from the same period last year. Key financial metrics showed growth in net interest income and total portfolio loans, despite challenges with a large nonaccrual credit relationship. Analysts have maintained a positive outlook on the stock, citing solid fundamentals, strategic initiatives like a share buyback program, and potential benefits from expected Federal Reserve interest rate cuts. However, technical indicators suggest overbought conditions, and the lack of a dividend yield is noted as a minor drawback.
Spark’s Take on CARE Stock
According to Spark, TipRanks’ AI Analyst, CARE is a Outperform.
Carter Bankshares benefits from solid financial performance and positive corporate events, such as strategic acquisitions and a share buyback program. While technical indicators suggest current overbought conditions, the company’s fair valuation supports its overall attractiveness. The lack of dividend yield is a minor drawback.
To see Spark’s full report on CARE stock, click here.
More about Carter Bankshares
YTD Price Performance: 5.05%
Average Trading Volume: 86,064
Technical Sentiment Signal: Strong Buy
Current Market Cap: $419.2M