Freedom Capital Markets Starts Carter Bank & Trust (CARE) at Buy

Freedom Capital Markets analyst Mikhail Paramonov initiates coverage on Carter Bank & Trust (NASDAQ: CARE) with a Buy rating and a price target of $23.00.

The analyst commented: "We are initiating coverage of Carter Bankshares, Inc. (CARE) with a Buy rating and a 12-month target price of $23.00. The bank presents a regionally focused growth story, supported by strong loan expansion, improving margins, and a stable core deposit base across its Virginia and North Carolina markets."

For an analyst ratings summary and ratings history on Carter Bank & Trust click here. For more ratings news on Carter Bank & Trust click here.

Shares of Carter Bank & Trust closed at $19.86 yesterday.

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