Director Sells Significant Shares of Carter Bankshares

New insider activity at Carter Bankshares ( (CARE) ) has taken place on July 30, 2025.

Director Catharine L. Midkiff recently sold 2,000 shares of Carter Bankshares stock, amounting to a total transaction value of $35,520.

Recent Updates on CARE stock

Carter Bankshares has reported a solid financial performance with a notable 8.8% increase in deposits as of June 30, 2025, and a robust liquidity position, driven by strategic acquisitions and corporate expansions in North Carolina. The company’s Q2 earnings revealed a net income of $8.5 million, 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 the company’s fair valuation and strategic initiatives, including a share buyback program, as reasons for optimism. However, the lack of dividend yield and overbought technical indicators are noted as minor drawbacks. Carter Bankshares remains optimistic about future growth, particularly if Federal Reserve interest rate cuts occur, which could benefit their short-term CD portfolio.

Spark’s Take on CARE Stock

According to Spark, TipRanks’ AI Analyst, CARE is a Outperform.

Carter Bankshares’ solid financial performance and strategic corporate initiatives are strong positives. Technical indicators suggest moderate strength, but valuation and the lack of a dividend yield temper the overall outlook. The absence of earnings call data leaves some uncertainty about near-term operational guidance.

To see Spark’s full report on CARE stock, click here.

More about Carter Bankshares

YTD Price Performance: 2.38%

Average Trading Volume: 87,264

Technical Sentiment Signal: Strong Buy

Current Market Cap: $415.2M