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Carter Bankshares ( (CARE) ) just unveiled an update.
On November 13, 2025, Carter Bankshares, Inc. announced that its subsidiary, Carter Bank, received approval from the Federal Reserve System to become a state member bank. This transition is expected to streamline regulatory structures and enhance operational efficiency, marking a significant step towards the company’s strategic objectives. The move also aligns with Carter Bankshares’ recent conversion to a financial holding company, providing greater flexibility for innovation and growth.
The most recent analyst rating on (CARE) stock is a Buy with a $22.00 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’ overall stock score is driven by its strong financial performance, particularly in profitability and cash flow management. However, technical analysis indicates bearish momentum, and the lack of a dividend yield may deter some investors. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on CARE stock, click here.
More about Carter Bankshares
Headquartered in Martinsville, Virginia, Carter Bankshares, Inc. is the holding company for Carter Bank, a $4.8 billion state-chartered community bank with branches in Virginia and North Carolina. Since its founding in 1974, Carter Bank has been dedicated to creating opportunities for individuals and businesses to prosper.
Average Trading Volume: 85,297
Technical Sentiment Signal: Buy
Current Market Cap: $388.3M
For an in-depth examination of CARE stock, go to TipRanks’ Overview page.