Carter Bankshares resumed with a Market Perform at Raymond James

Raymond James analyst Steve Moss resumed coverage of Carter Bankshares with a Market Perform rating and no price target. Carter still has "one exceptionally large relationship" that management is working out of the bank, which represents 7% of assets and results in the neutral rating, the analyst tells investors in a research note. With further paydowns and/or other signs that the large credit is closer to resolution, the firm would be more favorably inclined to recommend the shares.