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Carter Bankshares ( (CARE) ) has provided an update.
On May 1, 2026, Carter Bankshares, Inc., the holding company for Carter Bank & Trust, completed the sale of its membership interest in Bearing Insurance Group, LLC to an unaffiliated third party. Based on information currently available, the bank expects to record an estimated pre-tax gain of about $35.8 million from this divestiture in its second-quarter 2026 financial results, potentially strengthening its earnings profile and capital flexibility for stakeholders.
The most recent analyst rating on (CARE) stock is a Buy with a $27.00 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 Outperform.
The score is led by improving financial fundamentals and cash flow quality alongside meaningful positive corporate actions (notably the nonperforming loan portfolio sale and planned buyback). Technicals are supportive with the stock above key moving averages, but the RSI indicates it is somewhat extended. Valuation appears reasonable on P/E, while historical volatility in profitability/leverage keeps the overall score from reaching top-tier levels.
To see Spark’s full report on CARE stock, click here.
More about Carter Bankshares
Carter Bankshares, Inc. is a bank holding company for Carter Bank & Trust, which operates in the banking and financial services industry. The company focuses on providing traditional banking products and services through its bank subsidiary, serving retail and commercial customers in its regional markets.
Average Trading Volume: 259,600
Technical Sentiment Signal: Buy
Current Market Cap: $567.3M
For an in-depth examination of CARE stock, go to TipRanks’ Overview page.