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The latest update is out from Carter Bankshares ( (CARE) ).
On May 20, 2025, Carter Bankshares, Inc. announced that its Board of Directors has approved a common share repurchase program, allowing the company to buy back up to $20 million of its common stock by May 14, 2026. This initiative provides management with the flexibility to repurchase shares based on various factors such as market conditions and the company’s financial health, potentially impacting the company’s stock value and shareholder returns.
The most recent analyst rating on (CARE) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Carter Bankshares stock, see the CARE Stock Forecast page.
Spark’s Take on CARE Stock
According to Spark, TipRanks’ AI Analyst, CARE is a Neutral.
Carter Bankshares scores 63, driven by strong financial performance and a strategic rebranding effort. While financials reveal robust revenue growth and a debt-free balance sheet, cash flow growth remains a challenge. Technically, the stock is in a bearish phase, though valuation appears reasonable. The recent corporate event boosts future growth potential. Focus on cash flow improvement and market momentum could enhance the outlook.
To see Spark’s full report on CARE stock, click here.
More about Carter Bankshares
Average Trading Volume: 65,206
Technical Sentiment Signal: Hold
Current Market Cap: $361.5M
Learn more about CARE stock on TipRanks’ Stock Analysis page.